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.
An Archangel All Souls' Day memorial service was conducted by Patriarch Daniil at the military ossuary museum at the central Sofia cemetery. In his message he stated that today we honour the memory of all of our soldiers: “They are an example..
Almost half of the unemployed under the age of 29 in this country have secondary school education, indicate the latest data of the National Employment Agency. There are 17.350 people from this age bracket registered at the job centres –7,570 of..
We Continue the Change/Democratic Bulgaria (PP/DB), which came second in the 27 October parliamentary election, sent the other political forces to be represented in parliament a “Declaration for ridding the institutions and the election process of..
The numerous reports of vote manipulation, of rigging ballots, of adding votes, of vote-buying, of coercion and controlled voting which have been..
The caretaker government will not apply to the Constitutional Court for an annulment of the 27 October election for parliament, said caretaker Prime..
The recordings from 65 cameras, which streamed the counting of the ballots on election night online, have gone missing, according to a report by the..
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