The Bulgarian National Bank, BNB, has increased its reserves by over 1 billion euro. This took place after the increase of the special drawing rights allocated by the International Monetary Fund, BNB has announced. With the increase, as of 23 August the total amount of BNB’s special IMF drawing rights will reach around 1.7 billion euro.
Earlier, International Monetary Fund Managing Director Kristalina Georgieva described the allocation of a total of 650 billion USD for the member countries as a “historic decision” and “a shot in the arm for the global economy at a time of unprecedented crisis. It will particularly help our most vulnerable countries struggling to cope with the impact of the COVID-19 crisis.”
Monthly inflation in the country was 2% in January and annual inflation was 3.7%. This is according to preliminary data from the National Statistical Institute (NSI). The biggest increases were in the prices of heating and utilities. According to the..
One of the largest Bulgarian companies for repairing civil aviation aircraft has chosen Burgas for a major investment in aircraft repair and maintenance, the Municipality of Burgas announced. The company will build one of the largest hangar complexes..
In 2024, Bulgaria's exports of goods to third countries decreased by 5.1% compared to 2023, amounting to EUR 15.4 billion (30 114.9 million BGN), according to data from the National Statistical Institute (NSI). Bulgaria's main trading partners..
Monthly inflation in the country was 2% in January and annual inflation was 3.7%. This is according to preliminary data from the National Statistical..
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