In September 2022, non-performing fast loans in Bulgaria increased with 23.2% year-on-year to a total of BGN 346.4 million (EUR 176.7 million), statistical data of the Bulgarian National Bank show. For comparison, a year ago the amount of bad loans amounted to BGN 281.1 million (EUR 143.7 million), or BGN 65.3 million (EUR 33.3 million) less than the current level. Demand for fast loans increased in 2022 reaching the pre-Covid levels. More than 70% of the amounts were granted to households.
At the end of the third quarter of 2022, the number of bank deposits of households decreased with 2.9% on an annual basis. Meanwhile, the amount of money deposited in banks increased. Deposits between BGN 50,000 (EUR 25,000) and BGN 100,000 (EUR 50,000) are prevalent.
At a forum in Bulgaria, opportunities for Canadian businesses for investment and joint activity with Bulgarian companies will be presented. This was agreed at a meeting between Bulgaria's Minister of Economy and Industry, Nikola Stoyanov, and the..
Moody’s credit ratings agency has affirmed the long-term foreign and local currency sovereign credit ratings on Bulgaria at ‘Baa1’ with a stable outlook , the Ministry of Finance announced. According to the agency, the country can still..
In January, the country's business climate remained roughly at its December 2022 level , a survey conducted by the National Statistical Institute shows. More favourable business climate was reported in industry and retail, and some deterioration - in..
At a forum in Bulgaria, opportunities for Canadian businesses for investment and joint activity with Bulgarian companies will be presented. This was..
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