Bulgaria’s banks entered the current crisis well prepared, because a lot was done in the recent years, the Governor of the Bulgarian National Bank Dimitar Radev pointed out during the opening of the new academic year at the University of National and World Economy, quoted by BGNES. Dimitar Radev emphasized the unprecedented asset quality review and the stress tests performed by the Bulgarian National Bank and the European Central Bank. In his words, in the beginning of the crisis, the banks undertook additional measures to boost their liquidity. The good condition of the banks allowed them to create conditions for mitigating the consequences of the crisis for business and citizens. The main instrument used for this purpose is the so-called “private moratorium” on bank loan payments. More than 14,000 enterprises and over 93,000 households have benefitted from this measure and got payment deferrals to the tune of EUR 4.6 billion.
For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..
Natural gas prices are expected to decrease by around 2% in September, according to a forecast by Bulgargaz. This is clear from the request submitted to the Energy and Water Regulatory Commission (EWRC). The company informs that next month, the..
The unemployment rate in Bulgaria stood at 5.41% in July, the National Employment Agency says. 152,844 is the number of unemployed persons registered last month, and 14,542 started work. An increase in the number of job vacancies has been..
All non-household consumers will be compensated for the high cost of electricity by the end of the year, the government has decided. The European..
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