The flow of foreign direct investments to Bulgaria from January to October remained positive, but decreased sharply on an annual basis. Foreign investments reached 1.144 billion euros. This is 1.178 billion euros less than in the same period of 2020. In this way, the volume of investments shrank by 50.7% on an annual basis, according to preliminary data from the Bulgarian National Bank, which are subject to revision after December.
The central bank estimates that in October the flow of foreign direct investment was positive and totalled 238.5 million euros, while a year ago it was also positive in the amount of 119.4 million euros.
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
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