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.
Regional policies are needed to address imbalances in employment and economic activity levels in different regions of Bulgaria, taking into account the specificities of each region. This is the recommendation of the Council for Economic Analysis study..
The total average income per household member in the first quarter of 2024 is BGN 2,840 (EUR 1,452.07), which was an increase of 18.6%, year-on-year, the National Statistical Institute said. Wage income increased from BGN 1,284 (EUR 656.5) to BGN 1,597..
There are over one million inactive persons on the Bulgarian labour market. They don't study, don't work and are not registered with the labour offices. This "army" has huge untapped potential, National Employment Agency Director Smilen Valov said...
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