Bank profits stood at over half a billion Leva (250 million euro) at the end of May, Bulgarian National Bank data indicate. Banks’ profits are up by 28 million euro compared to the first five months of last year. However, the credit portfolio has shrunk by 0.1 percent. Credits taken out by households are up, whereas corporate credits are down and this pushes this index down. Deposits by households are still on their way up, though at a slower rate. The level of liquid assets within the system is high. The share of debt securities in banks’ portfolios, which are considered to be high-security investments, is increasing.
The European Commission and the European Central Bank are expected to publish their convergence reports on Bulgaria’s readiness to adopt the euro on 4 June. If the reports are positive, Bulgaria will be able to adopt the euro on 1 January 2026...
It will be mostly sunn y on Wednesday. Cumulus clouds will develop in the afternoon hours. Brief showers are expected in some places, mainly in the mountainous regions. It will be hot in the lowlands, with maximum temperatures between 30°C and..
'Legal changes have been drafted in response to the frequent road accidents involving trucks, ' said Grozdan Karadzhov, the Deputy Prime Minister and Minister of Transport, after a meeting with non-governmental organisations focused on road safety, as..
At a meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, Prime Minister Rosen Zhelyazkov stressed that the country is..
More than 2,000 post offices in small towns and villages will exchange Leva for Euro from the day Bulgarian joins the Eurozone, Stanimir Belinov,..
National Assembly President Natalia Kiselova expressed the hope that the work of the MPs will not be jeopardized, after the Vazrazhdane leader called on..
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