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 Council of Ministers has approved Bulgaria's participation in the International Fair for Agriculture and Food Products "AGRA 2023" which will take place from 26 to 31 August 2023 in Gornja Radgona (Slovenia). The exhibition showcases the..
Fitch Ratings has affirmed Bulgarian Development Bank AD's (BDB) Long-Term Issuer Default Rating (IDR) at 'BBB'. BDB's IDRs are equalised with Bulgaria's (BBB/Positive), reflecting a high probability of support from the sovereign, in case of..
The Czech PPF Group and the Arab Emirates Telecommunication Group Company (e&) have signed an agreement that e& will acquire 50% stake plus one share in PPF Telecom's assets in Bulgaria, Hungary, Serbia and Slovakia. The..
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 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..
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