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Talks on the formation of a new cabinet continue with a discussion on tourism-related topics

On November 26, the talks between “We Continue the Change”, the Bulgarian Socialist Party, “There is Such a People” and “Democratic Bulgaria” on the formation of a regular government with the mandate of “We Continue the Change” continue with a..

26.11.21 05:05 |

At the backdrop of rising inflation, the state takes new loan

In October 2021, the annual inflation in Bulgaria reached 6%, while the monthly inflation reached 1.8 percent in comparison to September, according to the National Statistical Institute. In August the annual inflation was 3.7%...

15.11.21 14:27 |
The Bulgarian National Bank building

Bulgarian banks have increased their profit by over 50%

The profit made by Bulgarian banks as of 30 September, 2021, reached over half a billion euro, 195 million more than during the first nine months of 2020, BNT has reported. According to Bulgarian National Bank data, the growth of profit is by..

30.10.21 16:11 |

Banks expect low interest rates will remain unchanged despite inflation

Despite rising inflation, banks expect low interest rates to remain in the medium term , said Tsvetanka Mincheva, head of one of the largest banks in Bulgaria. According to her, the pressure of rising prices provokes people to look for alternative..

04.10.21 18:01 |
Bulgarian National Bank

Bulgarian National Bank to restrict mortgage loans as of 2021

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..

23.09.21 10:06 |

20% of borrowers will not be able to service their loans after the moratorium on them expires

Around 20% of borrowers will not be able to service their loans once the moratorium on them expires, Rayna Mitkova, President of the Association of Collection Agencies in Bulgaria declared during the Sound of Money Forum.  “As restrictions are eased..

02.06.21 13:12 |
Caretaker economy minister Kiril Petkov

Two of BDB's top companies received better interest rates on loans

Two of the 8 companies financed with nearly BGN 1 billion by the state-owned Bulgarian Development Bank have obtained much better interest rates compared to their previous loans, the Minister of Economy Kiril Petkov told BNR.  The difference in..

30.05.21 14:13 |
Economy Minister Kiril Petkov

Meeting of Economy Minister with large borrowers of loans from BDB fails

The meeting scheduled for today between the Minister of Economy Kiril Petkov and the eight largest borrowers of loans from the Bulgarian Development Bank (BDB) did not take place after none of the companies invited by Petkov appeared . The minister said..

28.05.21 15:59 |
Caretaker economy minister Kiril Petkov

Bulgarian Development Bank limits amount of loans to companies

Bulgaria's caretaker Minister of Economy Kiril Petkov has fired the members of the Supervisory Board of the state-run Bulgarian Development Bank (BDB) Mitko Simeonov and Velina Burska. This happened after the two refused to meet with the minister...

27.05.21 12:48 |
Economy Minister Kiril Petkov

Economy Minister demands explanations over loans granted by Bulgarian Development Bank

The caretaker Minister of Economy Kiril Petkov has invited the representatives of the Supervisory Board of the Bulgarian Development Bank (BDB) to explain how they have allowed a concentration of loans for nearly BGN 1 billion /EUR 500 million/ in a..

22.05.21 16:48 |
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