Leading Bulgarian economists are calling for the adoption of a Personal Insolvency Law. According to experts from the Economic and Public Policy Council, Bulgaria's legislation should protect both the rights of people in financial difficulties and creditors.
The law aims at helping Bulgaria overcome the perpetual debtor phenomenon, meanwhile allowing the financial sector to recover its receivables. Currently, the loan portfolio of individuals and small companies exceeds EUR 14.6 billion.
For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..
Natural gas prices are expected to decrease by around 2% in September, according to a forecast by Bulgargaz. This is clear from the request submitted to the Energy and Water Regulatory Commission (EWRC). The company informs that next month, the..
The unemployment rate in Bulgaria stood at 5.41% in July, the National Employment Agency says. 152,844 is the number of unemployed persons registered last month, and 14,542 started work. An increase in the number of job vacancies has been..
Bulgaria and China established diplomatic relations 75 years ago – in 1949. A year later, the People’s Republic of China and the People’s Republic of..
As of October 1, the BNB has tightened the criteria for banks when granting mortgage loans. The central bank's decision comes after an analysis that shows..
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