Bank profits stood at over half a billion Leva (250 million euro) at the end of May, Bulgarian National Bank data indicate. Banks’ profits are up by 28 million euro compared to the first five months of last year. However, the credit portfolio has shrunk by 0.1 percent. Credits taken out by households are up, whereas corporate credits are down and this pushes this index down. Deposits by households are still on their way up, though at a slower rate. The level of liquid assets within the system is high. The share of debt securities in banks’ portfolios, which are considered to be high-security investments, is increasing.
The Bulgarian Orthodox church marks the day of St. Archangel Michael today, one of the most popular immovable Christian feasts. In Bulgaria it is also known as Arhangelovden . In popular belief, Archangel Michael – the angel closest to God –..
A protest organized by nationalist organizations in front of the Ivan Vazov National Theatre last night against the premiere of Bernard Shaw’s play Arms and the Man , directed by John Malkovich, turned violent. The protesters occupied the entrances..
The Institute for Historical Studies at the Bulgarian Academy of Sciences is organizing today a scientific conference on the topic "The Western Bulgarian Outlands - History and Perspectives" on the occasion of the 100th anniversary of..
A protest organized by nationalist organizations in front of the Ivan Vazov National Theatre last night against the premiere of Bernard Shaw’s play..
There Is such a People (ITN) has collected 67 signatures and are submitting a complaint to the Constitutional Court for the partial annulment of the..
The protest in front of the National theatre was pre-announced and more than 60 law enforcement officers were dispatched to secure the theatre building,..
+359 2 9336 661