Consumer loans increased in December with almost 18%, compared to the same month in 2017, according to BNB data. This means debt of over 4.5 billion euros for households. Housing loans have risen by more than 10%. At the same time, the increase in deposit accounts growth is slowing down. The BNB has repeatedly warned that rapid credit growth could create cyclical risks that could affect future interest rate hikes.
Finance Minister Temenuzhka Petkova has announced that Bulgaria is ready to join the eurozone. She made the statement at a business breakfast hosted by the American and British Chambers of Commerce in Bulgaria. Minister Petkova emphasised that Bulgaria..
Deputy Foreign Minister Elena Shekerletova received the credentials of the new Italian Ambassador in Sofia, Marcello Apicella, the Foreign Ministry said. During the talks, both sides expressed satisfaction with the long-standing friendly relations and..
Bulgaria’s Minister of Energy Zhecho Stankov and Vanya Ivancheva, Country Chair Shell Bulgaria, signed a contract for oil and gas exploration in Bulgaria’s exclusive economic zone in the Black Sea. The ceremony took place at the Council of Ministers..
Finance Minister Temenuzhka Petkova has announced that Bulgaria is ready to join the eurozone. She made the statement at a business breakfast hosted by..
The traditional Bulgarian banitsa has ranked third in the Best Cheese Dishes list by Taste Atlas . The Bulgarian Banitsa with Cheese earned 4.5..
The reactors intended for Bulgaria's unrealised second nuclear power plant project - Belene - will not be sold. This was announced to journalists by..
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