Bulgarian National Radio © 2021 All Rights Reserved

Bulgaria with positive budget balance in October

Photo: library

Bulgaria's budget cash balance at the end of October was positive at over 334 million euros, the Ministry of Finance said. The fiscal reserve is 6.74 billion euros, BTA reported.

Profit of banks in this country has reached 407 million euros, which is 306 million euros (42.9%) less compared to the same period of 2019, the Bulgarian National Bank – BNB, said. This is due to the reduction of interest income and losses on non-performing loans.

The BNB has identified eight banks as “system-significant institutions” and set a buffer for risky loans from January 1, 2021, which ranges from 1 to 0.5% for the various banks.

More from category

Telecommunication company acquires powerful media group

The Commission on Protection of Competition Bulgaria approved the acquisition of Nova Broadcasting Group by United Group. The decision takes effect immediately, the regulator's website informs . Nova Broadcasting Group includes Nova TV, a news..

published on 1/18/21 2:27 PM

95% of foreign companies in Bulgaria are ready to expand their investment

95% of foreign companies that have already made investments in Bulgaria are ready to expand them , show surveys conducted by the Bulgarian Chamber of Commerce and Industry (BCCI) and partner business organizations. This was announced by the President of..

published on 1/15/21 10:52 AM

Bulgarian pork production satisfies only 40% of domestic demand

Almost 90% of the farms in Bulgaria, which were affected by the outbreak of African swine fever in 2019, are already working. However, pork production has not reached pre-crisis levels.  The African swine fever outbreak led to a decline in the..

published on 1/12/21 9:19 AM