Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

BNB calls against excessive taxation of bank profits

BNB
Photo: Ani Petrova

The Bulgarian banking system is among the most stable ones thanks to the high expertise of the people who work in it. They succeed despite turbulent times. They are successful because they follow the rules and laws. With these words, Vice President Iliana Iotova welcomed those present at the ceremony to mark the professional holiday of bankers. "The Bulgarian National Bank (BNB) is the only bank outside the eurozone that maintains such close cooperation with the European Central Bank," Iotova said in her welcome speech.

At the event, the BNB said it was against the 10% taxation of banks' excess profits. According to Governor Dimitar Radev, the measure included in the 2025 budget would "make credit more expensive." He warned that the banking sector is the only stable one in Bulgaria and such a measure would "take away from the country's financial stability."



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Energy Minister Zhecho Stankov

Bulgaria's Chiren gas storage facility boosts capacity by 20 percent

One of the key steps in the expansion of the underground gas storage at Bulgaria's Chiren gas storage facility, the construction of the above-ground infrastructure and the installation of new compressors, has already been completed, Energy Minister..

published on 3/31/25 2:20 PM

Cheap labour is no longer a leading factor in attracting foreign investments in Bulgaria

Transformation – this is the word that most accurately describes the current state of the Bulgarian industry. According to an analysis of sectoral data for the period from 2008 to the beginning of 2024, made by the Institute for..

published on 3/31/25 1:19 PM

The tourism sector in Bulgaria is ready to work with the common European currency

Tourism is one of the sectors in Bulgaria ready to the greatest extent to smoothly continue working after Bulgaria joins the Еurozone , the executive director of the National Tourism Board, Dr. Polina Karastoyanova, believes. In tourism, and at this..

published on 3/26/25 2:10 PM