By the end of December 2019, the interest rates on twelve month deposits amount to 0.2%. Interest rates on bank loans were to the tune of 4%. However, adjusted with the annual inflation (3.8%) the interest rate on twelve month bank deposits was negative to the tune of -3.6% and the interest rate on bank loans was close to zero, data of the Bulgarian National Bank show. People lose part of their savings due to the low interest rates and bad management of their personal finance, the credit expert Tihomir Toshev told the Bulgarian National Radio. All bank deposits up to EUR 100,000 are guaranteed by the state. That is why the Bulgarians are not looking for alternative financial instruments despite the low interest rate, Tihomir Toshev further said.
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President Rumen Radev has issued decrees appointing Bulgarian ambassadors to the Kingdom of Belgium, the Kingdom of the Netherlands and the Republic of Kazakhstan. The decrees were published in the State Gazette, reported BTA. Natalia Evgenieva..
The 10th edition of the International Festival Da Fest presents works by leading global digital artists. Organised by Da Lab and the National Academy of Art, the five-day event begins today in Sofia. This year's theme, “Anxiety: Signals from an..
Bulgaria will allow a plane carrying Vladimir Putin to fly through its airspace to facilitate a planned meeting between the Russian leader and U.S. President Donald Trump in Budapest, said Bulgaria’s Minister of Foreign Affairs Georg Georgiev, as..
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The legal heirs of the people who lost their lives during the flooding in the region of Burgas at the beginning of October will receive 15,000 leva (EUR..
A meeting of the coalition partners took place early this morning, during a sitting of the National Assembly, to discuss the possible reformatting of..
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