Bulgaria ranks fifth in the EU when it comes to bad credit loans, which reached 12.1 percent of all loans as of June last year at the backdrop of an average EU level of 4.6 percent. This is what a report by the European Commission shows, as quoted by Sega Daily.
The EC has criticized Bulgaria several times over the issue, forcing banks to take urgent measures to clear their bad portfolios. According to data of the Association of Banks in Bulgaria as of September 2017, non-performing loans declined to 11.7 pertcent. In financial terms this amounts to over 3.3 billion euros.
The top positions in the bad loan chart go to Greece with 46.9 percent, followed by Cyprus with 33.4 percent, Portugal with 15.5% and Italy with 12.2%.
As of next year, use of solid fuels for domestic heating in buildings which are part of central heating and gas supply networks will be banned in nine Sofia regions, Deputy Mayor of Sofia Nadezhda Bobcheva announced at the opening of a round table..
“ There will only be negotiations among party leaders if they are for the formation of a ruling majority and a regular government,” GERB party declared at a briefing after a meeting of GERB’s executive commission, in regard to a possible meeting..
For the 13th consecutive year, homeless people in the town of Ruse will receive a free hot meal during the winter months. The social kitchen of the Bulgarian Red Cross opens its doors again in the biggest Bulgarian city on the Danube River. It has a..
The flu season is expected to peak at the end of December and the beginning of January. In an interview with BNT, general practitioner Dr. Gergana..
After the meeting with his Vietnamese counterpart Luong Cuong in Hanoi, President Rumen Radev emphasized that Bulgaria will continue to support efforts..
As of next year, use of solid fuels for domestic heating in buildings which are part of central heating and gas supply networks will be banned in nine..
Partly Cloudy
Mostly Cloudy