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.
Bulgaria's public supplier Bulgargaz has announced that it is proposing that the price of natural gas for October be 4.6% lower than the value for September. This was possible after the company's successful tender at the end of 2022 to supply LNG..
The Territorial Development Plans submitted to the EU do not commit to closing mines or power plants, Krassimir Nenov, deputy energy minister, told BNR. "Bulgaria's energy security is guaranteed. The Territorial Plans provide for new jobs to be..
The gross financial assets of Bulgarian households in 2022 reached 123 billion euros. The sum per capita is 14,510 euros. According to the Allianz Global Wealth Report, Bulgaria ranks 35th in the world according to this indicator. The..
Accession to Schengen and the Eurozone, membership of the Organisation for Economic Cooperation and Development – these are some of the top priorities..
House prices in the European Union increased by 0.3% in the second quarter , compared to the first quarter of 2023. In Bulgaria over the same period,..
At the end of September, the budget deficit was 380 million euro, the Ministry of Finance reported. This is 0.4% of the projected Gross..
Partly Cloudy
Clear