Bulgaria's public external debt at the end of 2023 was €10.888 billion, an increase of 22.7 per cent, or more than €2 billion, compared with the end of 2022. This is 11.6 per cent of GDP, the Bulgarian National Bank said. In December 2023, Bulgaria's..
The real growth of the gross domestic product (GDP) in Bulgaria for 2023 will be 1.8% compared to 3.9% in 2022 . The growth is mainly determined by an increase in private consumption and positive net exports. The change in inventories has a significant..
The National Assembly has adopted in first reading the new law on the Bulgarian National Bank (BNB), which will enable Bulgaria to join the euro area. The purpose of the law is to ensure the legal integration of the Bulgarian National Bank into the..
The Bulgarian National Bank today issued a set of four gold commemorative coins with the theme "St. Mary - Golden Apple" in different denominations. Until January 4, each customer can buy a maximum of 2 coins of each denomination, after which the coins..
The Bulgarian National Bank (BNB) lowers the main interest rate to 3.79% in January 1, 2024, BTA has reported. This is the first cut in the key rate since October 2022, albeit by just 0.01% from December's level. In November, the main interest rate was..
GDP growth in Bulgaria will be 1.9% in 2023, slowing to half the 3.9% rate in 2022. Domestic demand and net exports will contribute to growth. Annual inflation will be 6.1 per cent. These are the expectations of analysts at the Bulgarian National Bank..
On 1 November, the Bulgarian National Bank is raising the base rate for the national currency – Lev – to 3.79 %. The base rate in October was 3.64%, and in September 3.53%. Interest rates have been going up since the end of September 2022 when..
With the votes of 155 MPs in the 240-seat parliament, Dimitar Radev was elected governor of the Bulgarian National Bank for the next 6 years. He was nominated for a second term by GERB-SDS and supported by PP-DB. During his..
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..
The Bulgarian National Bank (BNB) has approved the merger of KBC Bank Bulgaria (former Raiffeisenbank Bulgaria) and the United Bulgarian Bank (UBB). The decision is in implementation of an instruction of the European Central Bank, the BNB said. The..
