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.
Most foreign workers in Bulgaria are employed in tourism, construction and transport. This information comes from Atanas Katsarchev, chief economist of the "Podkrepa" trade union, who spoke to BNR. He added that, due to the lack of medical personnel,..
Led by Prime Minister Rosen Zhelyazkov, the Bulgarian delegation is visiting Rome and the Vatican on 22 and 23 May 2025. Traditionally held on the eve of 24 May, the Day of the Holy Brothers Cyril and Methodius, the Bulgarian alphabet, enlightenment,..
Bulgaria is represented with its own stand at the 4th China-CEEC Expo & International Consumer Goods Fair, which is being held from May 22 to 25. "The interest of Chinese consumers in Bulgarian products is undeniable. Yogurt,..
55% of Bulgarians do not feel informed about the introduction of the euro in Bulgaria, while 41% express the opposite opinion, according to a..
The Trade Union of Bulgarian Medical Specialists has declared readiness for protest actions and an effective strike, according to a statement published..
Friday will be mostly sunny. Cumulus clouds will form in the afternoon and in many places there will be short-term, temporarily intense..
Thunderstorms 
Partly cloudy, chance of rain
Occasional showers
sunshine, cloud, rain and thunder