The introduction of moratorium on bank loan payments in Bulgaria has been postponed. On April 1 the Bulgarian National Bank had to come up with criteria for temporary public and private moratorium on bank loan payments. The extraordinary measure is adopted for clients who experience difficulties paying their bank loans due to the COVID-19 crisis. The EU Single Banking Authority delayed for April 2 the announcement of the uniform instructions and criteria for bank loan moratorium in the EU. BNB and the commercial banks operating in Bulgaria suppose that the measures for Bulgaria will be announced by the end of the week. The new measures must make sure that commercial banks will be able to maintain their capital adequacy over the next 9 months. Romania, Poland and Hungary already declared a moratorium on loan principals.
Rose picking season is starting this year with serious problems because of the prolonged cold spell, BGNES reports. The people in this line of business say they expect an extremely poor harvest, which gives rise to major financial concerns as the..
The extremely unfavourable demographic picture is perhaps the biggest challenge we have to address if we want to go on as a nation, stated Tzvetan Spassov, head of the governing body of the Human Resources Development programme of the Ministry of..
The medical specialists from the transfusion haematology unit of the hospital in Shumen will support their colleagues from the National Center of Transfusion Haematology who are organizing a protest today against “the negligence of those in power in..
Household consumers will remain on the regulated electricity market for an unlimited period, said Energy Minister Zhecho Stankov at a briefing at the..
On Thursday, minimum temperatures will range from 8°C to 14°C. Around 9°C is expected in Sofia. Cloud and rain expected in western and central Bulgaria..
The Ministry of Culture is expecting UNESCO to approve, by the end of 2025, the application of the Centre for Underwater Archaeology in Sozopol as a..
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