Bulgaria's central bank has been discussing measures to reduce the number of non-performing loans, which has been falling but is still a burden on the well-capitalized banking sector in the country, BNB Governor Dimitar Radev said.
Bulgaria's financial system has stabilized since the 2014 bankruptcy of the country's fourth-largest credit institution - Corporate Commercial Bank due to fraud and internal misappropriation, but bad loans remain a challenge according to reports by the International Monetary Fund and the European Commission.
The review of asset quality and the stress test carried out by the Central Bank last year in order to restore confidence in the sector helped banks better assess credit risks and curb bad loans, Dimitar Radev added.
Lyupcho Georgievski, chairman of the cultural club "Ivan Mihaylov" in the town of Bitola, banned by the Macedonian authorities, will stand trial on May 21 at 10:30 a.m . He is accused of quoting Ivan Mihaylov's memoirs on Facebook using literary..
Today, defence industry companies from Bulgaria and Poland are meeting in Veliko Tarnovo for a conference entitled 'European defence consolidation: challenge and opportunity'. The event is being held under the patronage of Deputy Prime Minister..
A national debate entitled A ccess to the labour market in Bulgaria for third-country nationals: challenges and solutions is taking place in Sofia today. Organised by the Bulgarian Industrial Association and the National Board of Tourism, the event is..
Banking services in Bulgaria are among the most accessible in the EU, according to an analysis by the Association of Banks in Bulgaria . According to it,..
In recent years, Bulgaria has been collecting and processing 15,000 tons of herbs annually . Nearly 90% of them are exported. More than 200 herbs are..
The Trade Union of Bulgarian Medical Specialists has declared readiness for protest actions and an effective strike, according to a statement published..
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