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, Vice President Iliana Iotova welcomed those present at the ceremony to mark the professional holiday of bankers. "The Bulgarian National Bank (BNB) is the only bank outside the eurozone that maintains such close cooperation with the European Central Bank," Iotova said in her welcome speech.
At the event, the BNB said it was against the 10% taxation of banks' excess profits. According to Governor Dimitar Radev, the measure included in the 2025 budget would "make credit more expensive." He warned that the banking sector is the only stable one in Bulgaria and such a measure would "take away from the country's financial stability."
Membership in the European Union and Bulgaria’s upcoming adoption of the euro on January 1, 2026, are supporting the country’s institutions and governance stability, but corruption remains a significant challenge, according to the latest country..
The government has submitted to Parliament a draft bill to amend and supplement the Law on the Introduction of the Euro in Bulgaria. The proposed changes aim to improve the regulatory framework related to the dual display of prices for goods and..
The ratio of government debt to gross domestic product (GDP) in EU countries rose to 81.8% at the end of the first quarter of 2025 , up from 81% at the end of the fourth quarter of 2024. This is according to the latest data published today by the European..
Membership in the European Union and Bulgaria’s upcoming adoption of the euro on January 1, 2026, are supporting the country’s institutions and..
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