Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits grew by EUR 1.35 billion or by 1.8%. The rise is mainly due to increased household deposits, the Bulgarian National Bank announced.
In the first quarter of 2024, emigrants also sent a record sum of 347 million euros. In comparison, in the fourth quarter of 2023, money sent from abroad was 308.1 million euros. The largest transfers came from those living and working in Germany - 70.1 million euros, compared to 62.5 million euros in the fourth quarter of 2023. The emigrants in USA are second with 64 million euros, followed by Spain and Great Britain with 34.1 and 33.4 million euros. Greece is fourth with 21.8 million euros. Bulgarians from Austria, Belgium, the Netherlands and France also transferred sums of over 10 million euros.
In 2024, the average gross annual salary in Bulgaria is 27,881 BGN (EUR 14,255), according to preliminary data from the National Statistical Institute. Compared to 2023, this marks an increase of 13.9% , with the public sector seeing an increase of..
The Bulgarian National Bank (BNB) has posted, to its website, the answers to important questions connected with the adoption of the euro and the country’s entry into the Eurozone. The official BGN to Euro exchange rate is fixed, with the Lev..
89% of German investors in Bulgaria would choose Bulgaria again for their investments . This is indicated by a study by the German-Bulgarian Chamber of Industry and Commerce conducted in 2024. Germany continues to be a key partner of Bulgaria in terms of..
The Bulgarian National Bank (BNB) has revised upwards its expectations for Bulgarian economic growth in 2025 but lowered its GDP growth forecast for..
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