"The Bulgarian banking sector is stable. The country's accession to the eurozone is a macroeconomic and political catalyst that should not be missed, said National Bank Governor Dimitar Radev before the conference "Banks and Business in Bulgaria in 2023".
"We are ready to put our foot on the accelerator. The reforms needed for an accession to the eurozone are good for Bulgaria’s economy as a whole," Dimitar Radev added and noted that the country's budget deficit should not exceed 3% of the gross domestic product. "Like other central banks, the Bulgarian National Bank will raise the base interest rate to bring inflation down to healthy levels", Dimitar Radev.
The Bulgarian National Bank has announced a base interest rate 1.3% as of December 1. In November it raised the base interest rate to 0.59%.
Japan's Sumitomo Electric Bordnetze plans to cease operations at one of its factories in Bulgaria, located in Mezdra, by 2025. Its second factory in Karnobat will continue to operate at reduced capacity, BTA reported. The decision comes as the company..
State-owned dairy company LB Bulgaricum will start modernising its production facility in Vidin in September. The first step will be to renovate the refrigeration units and repave the alleys leading to the workshops and the car park in..
The Minister of Innovation and Growth, Rosen Karadimov, has not given up on the idea of the Bulgarian Development Bank (BDB) granting preferential loans to those working in the public sector. In an interview with BNT, he said that..
T he LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The..
The final price proposed by Bulgargaz for the sale of natural gas to its customers in October is BGN 63.72 (EUR 32.58) per megawatt-hour before tax. The..
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