"The Bulgarian banking sector is stable. The country's accession to the eurozone is a macroeconomic and political catalyst that should not be missed, said National Bank Governor Dimitar Radev before the conference "Banks and Business in Bulgaria in 2023".
"We are ready to put our foot on the accelerator. The reforms needed for an accession to the eurozone are good for Bulgaria’s economy as a whole," Dimitar Radev added and noted that the country's budget deficit should not exceed 3% of the gross domestic product. "Like other central banks, the Bulgarian National Bank will raise the base interest rate to bring inflation down to healthy levels", Dimitar Radev.
The Bulgarian National Bank has announced a base interest rate 1.3% as of December 1. In November it raised the base interest rate to 0.59%.
The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..
The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..
Cloudy
Cloudy
Mostly Cloudy
Overcast, rain