The Bulgarian banking system is among the most stable ones thanks to the high expertise of the people who work in it. They succeed despite turbulent times. They are successful because they follow the rules and laws. With these words, Vice President Iliana Iotova welcomed those present at the ceremony to mark the professional holiday of bankers. "The Bulgarian National Bank (BNB) is the only bank outside the eurozone that maintains such close cooperation with the European Central Bank," Iotova said in her welcome speech.
At the event, the BNB said it was against the 10% taxation of banks' excess profits. According to Governor Dimitar Radev, the measure included in the 2025 budget would "make credit more expensive." He warned that the banking sector is the only stable one in Bulgaria and such a measure would "take away from the country's financial stability."
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 two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..
The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services..
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