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.
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..
The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..
The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria, with the minimum wage in the country reaching at least 80% of the subsistence wage by 2027. According..
+359 2 9336 661