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.
“We are a guarantee of stability in the region,” caretaker Prime Minister Dimitar Glavchev states in an address to the Vienna Economic Forum - Sofia Meeting, 2024, the Bulgarian news agency BTA reports. Sofia is hosting the meeting of the..
In 2023, the share of young people aged up to 29 neither in employment nor in education, stands at 13.8%, as compared to 15.1% a year earlier. Compared to the other EU countries, this percentage remains high. 1/7 th of the young people who are..
Joining the Eurozone later in 2025 is a possible scenario, and at this stage, it is a more likely one, Bulgarian National Bank Governor Dimitar Radev said for BTA in Washington during the Spring Meetings of the World Bank Group and the International..
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