On 1 November, the Bulgarian National Bank is raising the base rate for the national currency – Lev – to 3.79%. The base rate in October was 3.64%, and in September 3.53%. Interest rates have been going up since the end of September 2022 when the BNB announced a rate increase from zero percent for September to 0.49% as of 1 October, 2022. By the end of 2022, the annual base rate had reached 1.42%.
Over the first 9 months of the year, the banking system in Bulgaria has registered records-high profits of EUR 1.35 billion (2.7 billion Leva), or 80.5% more compared to the same period of 2022, the BNB says. The impressive profits made by banks in 2023 are due mostly to the significant increase in revenue from interest on loans and higher fees and commissions.
The Bulgarian banking system is among the most stable ones thanks to the high expertise of the people who work in it. They succeed despite turbulent times. They are successful because they follow the rules and laws. With these words,..
The Gross Domestic Product has gone up by 2.4% during the third quarter of the year compared to the same period of 2023, indicate preliminary National Statistical Institute data. This indicates there is a certain acceleration of the growth..
A year with good results in the banking sector, achieved in a difficult domestic and external environment. This is how the governor of the Bulgarian National Bank (BNB), Dimitar Radev, assessed the outgoing 2024 in an interview with..
The financial situation in the country is critical, Finance Minister Temenuzhka Petkova says. Which means that the good news – the slowing inflation..
Bulgaria can meet the convergence criterion for price stability, needed for entering the Eurozone, in January 2025 and continue to meet it..
A few hours before being sworn in for the second time as President of the United States, Donald Trump shocked the international community with the news..
Overcast, rain
Cloudy
Cloudy