The Bulgarian National Bank has taken a decision to restrict mortgage lending. The Board of Directors has decided to increase the capital buffer for banks' risk loans from 0.5% to 1% from 2021. The measure aims to ensure that vaults have sufficient..
The European Commission has sent an inquiry to the Bulgarian authorities about the sanctions imposed on Bulgarian companies under the Global Magnitsky Act . "Such unilateral action in follow-up to third country sanctions is naturally a..
The Bulgarian National Bank (BNB) has warned that malicious electronic messages are sent on its behalf for received currency transfers . Emails are an attempt at a phishing attack, in which recipients are invited to follow the instructions in the attached..
The Bulgarian National Bank, BNB, has increased its reserves by over 1 billion euro. This took place after the increase of the special drawing rights allocated by the International Monetary Fund, BNB has announced. With the increase, as..
The Bulgarian National Bank has informed that a draft National Plan for the introduction of the euro in Bulgaria has been adopted with a target date of January 1, 2024. The introduction is planned without a transitional period, and the date of adoption..
All banks in the country with business relations with individuals sanctioned under the Global Magnitsky Act have already taken the restrictive measures necessary , the Bulgarian National Bank (BNB) has announced. The BNB adds that the..
Joining the Eurozone is a constant national goal and its implementation can consolidate the highly fragmented political structure and accelerate reforms aimed at modernizing this country, Dimitar Radev, Governor of the Bulgarian National Bank..
The amount of money sent by Bulgarians abroad to their home country has decreased significantly. According to data of the Bulgarian National Bank, in the first two months of 2021 Bulgarians abroad sent only EUR 24.8 million to Bulgaria. In the same..
In the pandemic year 2020, Bulgarians working abroad sent 339.4 million euros to their relatives in Bulgaria. This is 879.4 million euros or 72% less than the bank transfers for 2019, when 1.219 billion euro came to the country, according to BNB..
The Bulgarian National Bank and Bulgaria's Ministry of Finance will hold the first auction of the year for the sale of bonds today. Interest-bearing treasury bonds have a maturity of 10 and a half years and are open-ended with a fixed interest rate...
