The interest rates on deposits offered by the commercial banks to the local households and companies have reached new historical lows and are very close to zero (those in Euro offered to Bulgarian firms decreased to 0.38% on an annual basis). The interest rates on consumer loans fell for the first time under 10% since the end of the credit expansion in 2007. This is mainly due to the excessive liquidity of the banking system and to the negative interest rates levied by the Bulgarian National Bank on the excessive reserves of the commercial banks. The low profitability of the bank deposits already made some Bulgarian households and companies withdraw part of their savings and boosted consumption of services and items. The cheaper consumer loans, however, have not yet triggered substantial growth in lending.
Half of young people in Bulgaria with a monthly income of more than EUR 1 000 are afraid of financial problems , according to a representative survey by Trend. The "Young People in Bulgaria - Mental Risks, Challenges and Perspectives" survey was..
''The second evacuation flight from Lebanon will be carried out today around noon, provided the circumstances are favorable'', caretaker Premier Dimitar Glavchev said before inaugurating the reconstructed border checkpoint “Kalotina”. The flight crew..
Bulgaria’s caretaker Minister of Foreign Affairs Ivan Kondov met in the United States with John Bass, Acting Under Secretary of State for Political Affairs. The two countries agreed that the next session of the strategic dialogue between Bulgaria and..
A State Aviation Operator crew is standing by to fly to Lebanon as soon as the phased evacuation of the Bulgarians there is given a green light. This..
On Monday, there will still be showers in the eastern half of the country. It will stop raining by the evening. Clouds will break in the western part..
Bulgaria has begun evacuating our fellow citizens who expressed a desire to leave Beirut following Israel's attacks on Lebanon. Some of the Bulgarians..
+359 2 9336 661