On 1 November, the Bulgarian National Bank is raising the base rate for the national currency – Lev – to 3.79%. The base rate in October was 3.64%, and in September 3.53%. Interest rates have been going up since the end of September 2022 when the BNB announced a rate increase from zero percent for September to 0.49% as of 1 October, 2022. By the end of 2022, the annual base rate had reached 1.42%.
Over the first 9 months of the year, the banking system in Bulgaria has registered records-high profits of EUR 1.35 billion (2.7 billion Leva), or 80.5% more compared to the same period of 2022, the BNB says. The impressive profits made by banks in 2023 are due mostly to the significant increase in revenue from interest on loans and higher fees and commissions.
The Celestial Empire, the “world’s factory”—that is China, the globe’s second-largest economy. The Asian powerhouse is actively expanding its economic reach worldwide, with the Belt and Road Initiative as the apogee of these efforts, through which..
The demand for employees increased by 5% in August, or by over 1,700 more offers compared to July, one of the largest HR companies in Bulgaria reported to BTA. But on an annual basis there is a decline of 7% , or by 3,100 offers. The "Trade..
In the second quarter of 2025, Bulgaria recorded the second-highest GDP annual growth in the European Union with a rise of 3.4% compared to the same period last year, according to Eurostat data. Compared to the previous quarter of 2025, Bulgaria..
Citizens should remain calm about the introduction of the euro in Bulgaria from January 1, 2026, as the Bulgarian National Bank and commercial banks are..
Bulgaria’s Ministry of Finance has published the draft state budget in euros for 2026. The country’s GDP is projected to reach EUR 120.1 billion, with..
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