Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits grew by EUR 1.35 billion or by 1.8%. The rise is mainly due to increased household deposits, the Bulgarian National Bank announced.
In the first quarter of 2024, emigrants also sent a record sum of 347 million euros. In comparison, in the fourth quarter of 2023, money sent from abroad was 308.1 million euros. The largest transfers came from those living and working in Germany - 70.1 million euros, compared to 62.5 million euros in the fourth quarter of 2023. The emigrants in USA are second with 64 million euros, followed by Spain and Great Britain with 34.1 and 33.4 million euros. Greece is fourth with 21.8 million euros. Bulgarians from Austria, Belgium, the Netherlands and France also transferred sums of over 10 million euros.
International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the Finance Ministry said. The positive outlook reflects the country's prospects for eurozone..
In 2023, Bulgaria's GDP growth was 1.9% higher in real terms compared to 2022. This is 0.1 percent more than the initially announced growth of 1.8%, the National Statistical Institute has reported. The chairman of the institute,..
In Brussels, Bulgaria and North Macedonia reaffirmed their commitment to continue the construction of Railway Corridor No. 8 under the TEN-T Regulation, reported the European Commission’s Directorate General for Neighborhood Policy and Enlargement..
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