The Bulgarian National Bank raised the base interest rate by 0.35% to 2.17%. The new base interest rate is effective as of March 1. In February the base rate was at 1.82%. The interest rate increase comes against the backdrop of increasing interest levels by the European Central Bank which raised the base rate by 0.5% in February.
The base interest rate is in effect from the first day of each calendar month and equals the simple average of the values of the index LEONIA Plus for the business days of the preceding calendar month. The LEONIA Plus reference rate is a weighted average of the interest rates on all concluded unsecured overnight lending transactions in Bulgarian levs in the interbank market in Bulgaria.
Natural gas prices should drop by 15% as of June 1. This proposal was submitted to the Commission for Energy and Water Regulation by the executive director of Bulgargaz, Denitsa Zlateva. Initially, on May 11, it was discussed that the reduction..
One of the largest Jordanian companies in the mining industry is interested in a partnership with the mining sector in Bulgaria. The Chairman of the Board of Directors of the company and former Deputy Prime Minister of the country, Mohammad Thneibat..
In the first quarter of 2023, the average monthly salary in Bulgaria decreased by 2.5% as compared to the third trimester of 2022. Bulgaria’s capital Sofia tops the ranking with an average monthly salary of EUR 1,330.89, indicate data of the National..