The Governor of the Bulgarian National Bank Dimitar Radev pointed to the year 2024 as a realistically possible deadline for Bulgaria's accession to the euro area. He made the statement during a video conference organized by the American Chamber of..
Bulgaria’s gross domestic product is to decrease by 4% in 2020 and then regain ground with 4.1% growth in 2021, the International Monetary Fund forecasts in its latest World Economic Outlook report. There is a 60% probability that the decline in..
As of October 1, 2020, the Bulgarian National Bank (BNB) is cooperating with the European Central Bank. The accession of Bulgaria to the Banking Union has lead to the direct supervision by ECB of 5 commercial banks registered in Bulgaria - DSK,..
Foreign direct investment in Bulgaria for the period January-July amounted to 1.4 billion euros. Compared to the same period of 2019, their increase is by 494.8 million euros, or 54.2% , the Bulgarian National Bank has announced. In July alone, foreign..
Bulgaria’s banks entered the current crisis well prepared, because a lot was done in the recent years , the Governor of the Bulgarian National Bank Dimitar Radev pointed out during the opening of the new academic year at the University of National and..
Five major Bulgarian commercial banks are to go under the direct supervision of the European Central Bank as of October 1, 2020 , BNR reports. This is part of the cooperation of the Bulgarian National Bank with the European financial institution on the..
Insurance companies have taken 2.3 billion euro abroad in search of higher yields for their assets. The money is being transferred mostly to EU countries, the Bulgarian National Bank, BNB announced. The year on year export of insurance capital..
More than 107,000 loans are subject to a temporary moratorium due to the economic consequences of Covid-19 at the end of July. This is clear from data of the Bulgarian National Bank , BNR reports.The total value of these loans is over nine billion levs..
At the end of July 2020, the deposits of the non-governmental sector amounted to EUR 44.94 billion. The amount is 79.1 percent of the GDP. The annual increase in deposits is 8.4%, according to the Bulgarian National Bank. Deposits of..
Companies from offshore zones have invested in Bulgaria over 4.3 billion euros for the period from 1990 until the end of March 2020. This is 9.4% of the volume of foreign investment in the country. EUR 45.981 billion is the total amount of foreign..
