The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore, the base interest rate does not have a direct impact on lending and deposit rates, which are mainly determined by the interest rates set by the European Central Bank. The BNB's interest rate concerns delayed debt repayment, primarily to the state or in inter-company relations under the Obligations and Contracts Act.
July 1 is the last day for declaring and paying corporate tax, taxes related to expenses, and taxes on the income of budget enterprises. Over 283,000 companies have already declared their revenues to the National Revenue Agency.
In 11 district cities in Bulgaria, 1 square meter of residential space costs under EUR 1,000. In 13 district cities, the price ranges from EUR 1,000 to EUR 1,400. In Sofia and Varna, 1 square meter of residential space costs EUR 2,400, National Real..
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Based on preliminary data, the Finance Ministry expects a deficit of around BGN 6.1 billion ( €3.11 billion), or 3% of the projected gross domestic product (GDP), at the end of 2024. "Estimates suggest that the deficit will show an improvement..
The financial situation in the country is critical, Finance Minister Temenuzhka Petkova says. Which means that the good news – the slowing inflation..
Bulgaria can meet the convergence criterion for price stability, needed for entering the Eurozone, in January 2025 and continue to meet it..
A few hours before being sworn in for the second time as President of the United States, Donald Trump shocked the international community with the news..
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