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.
The Bulgarian National Bank held an auction for the sale of securities with 3-year maturity at a 3% interest rate. At the auction, the Ministry of Finance offered bonds worth EUR 150 million. Interest will be paid once in 6 months, with the loan..
The Bulgarian National Bank published a review of measures aimed to address the risks to the banking system, including those stemming from loans secured by residential real estate. ''Such concerns are well-founded given the situation in the real..
The international rating agency Standard & Poor's (S&P Global Ratings) has affirmed Bulgaria's 'BBB/A-2' long-term and short-term foreign and local currency sovereign credit ratings. The rating outlook remains positive. If a stable..
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in..
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