Bulgaria ranks fifth in the EU when it comes to bad credit loans, which reached 12.1 percent of all loans as of June last year at the backdrop of an average EU level of 4.6 percent. This is what a report by the European Commission shows, as quoted by Sega Daily.
The EC has criticized Bulgaria several times over the issue, forcing banks to take urgent measures to clear their bad portfolios. According to data of the Association of Banks in Bulgaria as of September 2017, non-performing loans declined to 11.7 pertcent. In financial terms this amounts to over 3.3 billion euros.
The top positions in the bad loan chart go to Greece with 46.9 percent, followed by Cyprus with 33.4 percent, Portugal with 15.5% and Italy with 12.2%.
Public transport in Sofia will resume as of Tuesday, May 20, Todor Kapitanov, Vice President of the Confederation of Independent Trade Unions in Bulgaria (CITUB), told journalists. Today, at a meeting between Premier Rosen Zhelyazkov and trade union..
On Tuesday, minimum temperatures will range from 8 to 12°C. In Sofia, it will be around 8 °C. The day will be mostly sunny, with scattered clouds and a chance of light rain in the afternoon. The wind will blow from the west-northwest, reaching moderate..
Sofia Mayor Vasil Terziev accused GERB leader Boyko Borissov and Prime Minister Rosen Zhelyazkov of populism and reckless actions. Earlier today, the government announced it would allocate an additional 15 million leva (7.7 million euros) in subsidies..
We are helping North Macedonia and Serbia because of the breakdowns in their energy systems, Bulgaria’s Minister of Energy Zhecho Stankov announced at..
"The Untamed" is the name of the team comprising four rowers from the boat Rannoch 45 '' Rose'' , who have set off from the western coast of Australia..
On Monday, the lowest temperatures will range between 5°C and 10°C, around 5°C in Sofia. It will be mostly sunny in the morning, but around and after..
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