A year with good results in the banking sector, achieved in a difficult domestic and external environment. This is how the governor of the Bulgarian National Bank (BNB), Dimitar Radev, assessed the outgoing 2024 in an interview with the “24 Chasa” newspaper, on the occasion of Banker’s Day marked on December 6.
“Uncertainty will continue at least until the domestic political crisis is resolved and there is more clarity on the prospects for resolving external conflicts and their impact on trade and economic activity,” Radev said about the challenges in the sector. He pointed out that the BNB and the banking sector are ready for the introduction of the euro, but it is questionable whether politicians would support adopting the common currency. The banker added that the budget challenges can be solved through a successful outcome of the political crisis.
Bulgaria’s debt for 2024 amounts to BGN 48.846 billion (EUR 24 billion), or 24.1% of the country’s GDP, preliminary data from the National Statistical Institute (NSI) show. In 2023, the country's debt was BGN 42.383 billion (EUR 20.8 billion), or..
A working individual living in a one-person household needs a net monthly income of 1,521 BNG (EUR 747) to cover basic needs. A three-member household needs 2,738 BGN (EUR 1,344). The income needed to cover minimum living costs increases by..
"Flower in a Test Tube" is an innovative project that creates a new product using plant biotechnology. But it does more than that—it tells a story about the power of the human mind and heart. The idea comes from Petar Neftelimov, a young man born with..
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