The moratorium on loan repayments will not be extended for a third time. The end of the health-care part of the problem can be seen on the horizon, banker Levon Hampartzoumian has told bTV.
"But as the medical issues disappears, economic problems continue," Hampartzoumian said. If a company had an unsustainable business, the outcome for it would not be good both in times of a pandemic and without one, the banker added. "People who owe money should communicate with the financial institution they took the loan from. Do not expect banks to start asking for money the day after the end of the loan repayment moratorium. But banks must be convinced that they would receive the money back," Hampartzoumian said. He added that a wave of non-performing loans was not expected.
Prime Minister Rosen Zhelyazkov has highlighted the stability of public finances as a key element on the country's path to Eurozone membership. Speaking to Vice President of the Europe and Central Asia Region at the World Bank, Antonella Bassani,..
The National Assembly has adopted important changes related to the National Emergency Call System - 112. They provide for the construction of a new generation of communication centers, which will be able to determine the exact location of people..
Bulgaria is the guest of honour at the 19th edition of the International Book and Education Fair in Podgorica, which brings together literary representatives from all over Europe. Bulgaria's national presentation, featuring more than 40 publishers and..
In an address to the Bulgarian citizens, the Bulgarian head of state Rumen Radev has announced that he is submitting a proposal to the National Assembly..
In a statement posted on the Facebook page of the Council of Ministers, Prime Minister Rosen Zhelyazkov said that President Rumen Radev's proposal for a..
A Rubik's Cube speed-solving competition will be held at the interactive science and technology center of Sofia Tech Park - TechnoMagicLand on May 10 and..
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