In the bulletin of the Association of Banks in Bulgaria, Governor of the Bulgarian National Bank (BNB), Dimitar Radev, has predicted inflation peak in June and subsequent easing.
Radev also predicts a reversal of the interest rate cycle. Global interest rates will rise and lending will rise, too. Therefore, the BNB calls on banks to carefully balance in 2022 "between the possibilities for expanding lending, the result of the expected improvement of the economic situation, and the zones of economic instability." The main criterion for balance is "improving the quality of assets," according to Radev.
The Governor points out that despite the delay, the BNB continues to work actively for the country's accession to the eurozone.
Financial and tax stability has been shaken in recent years so it is good that a government has been formed, said Vasil Velev, chairman of the Bulgarian Association of Industrial Capital, at a joint press conference of employers. "Romania was..
The Ukrainian parliament has authorized the purchase of two Russian nuclear reactors from Bulgaria, Euractiv reports. The energy committee of the Ukrainian parliament greenlighted the purchase of two old Russian nuclear reactors to expand the..
Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%. Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..
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