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 thermal power plant (TPP) ContourGlobal Maritsa East 3 - one of the two so-called American power plants - has ceased operations. The reason is the expiry of the long-term contract with the National Electricity Company for the purchase of electricity..
The demand for wine is growing rapidly in the world markets. This is according to the latest data. The reason is customers' preference for sustainable beverages. And there is a new trend in the wine sector - towards the integration of modern technologies..
A groundbreaking ceremony for a plant for the manufacture of photovoltaic panels and cells is to take place in the region of Stara Zagora by the end of this year. 15-20 hectares of land will be needed to build the plant and the investor has been..
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