The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February 2016 to September 2022, the base interest rate was 0.00%. On October 1, 2022, the rate went up to 0.49%.
As of June 30, the net profit of the banking system for 2024 was EUR 0.9 billion, representing a 7.1% increase compared to the first six months of 2023, according to BNB statistics. Over a quarter of the income comes from fees and commissions. Banks earned EUR 1.6 billion from interest on loans in the first half of the year and paid out EUR 290 million in interest on deposits. Bank assets increased by over EUR 1 billion or 1.2% in the first half of 2024. Losses have risen by EUR 46 million to EUR 139 million, representing a 50.1% increase compared to the first six months of 2023.
There are no plans for the privatization of the Vazovski Machine-Building Plants (VMZ) in Sopot, and the information circulating in this regard is speculative, said Bulgaria’s Minister of Economy and Industry Petar Dilov at a working meeting..
In 2024, the real estate market in Bulgaria registered a significant rise, with prices increasing by around 16%, and the number of real estate transactions going up as well. Real estate prices along the Black Sea coast have continued to grow,..
The real estate market in Bulgaria has steadily been growing in the past few years. There has been talk of a price bubble, inflated to serious proportions at the time of the pandemic, though expectations that it is going to burst have come to nothing...
There are no plans for the privatization of the Vazovski Machine-Building Plants (VMZ) in Sopot, and the information circulating in this regard is..
Mostly Cloudy
Partly cloudy, chance of rain
Partly cloudy, chance of snow
Overcast, rain
Значителна облачност със сняг