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.
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year. As of September 30, 2024, the number of..
There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..
More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..
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