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.
The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..
The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating..
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