Bulgaria was awarded by the prestigious Global Markets magazine with the prize No 1 Country in Central and Eastern Europe in Terms of Management of Public Debt Through Issuance of State Bonds at International Capital Markets. The award was bestowed to..
The Bulgarian Ministry of Finance expects the Consolidated Fiscal Program (CFP) balance on a cash basis in the first nine months of 2016 to be positive to the tune of EUR 1.7 billion, or 3.8% of the forecasted gross domestic product. In the first nine..
The profit of the Bulgarian banking system exceeded EUR 500 million, data of the Bulgarian National Bank for August show. In August 2016 the results of the stress tests of the country’s banking system were announced. The profit of the Bulgarian..
Bulgaria’s banking system registered EUR 460 profit in the first seven months of 2016, data of the Bulgarian National Bank show. The money kept in bank deposits has increased to EUR 38.2 billion. In July the Bulgarian commercial banks increased their..
According to forecasts, Bulgaria’s budget surplus will amount to EUR 1.66 billion, which is 3.7% of the country’s estimated gross domestic product. In the same period last year the budget surplus amounted to only EUR 314 million (0.7% of the GDP). In..
The Bulgarian banking system is stable and the commercial banks do not need financial support from the state budget, Governor of the Bulgarian National Bank Dimitar Radev announced on occasion of the end of the quality asset review and the stress..
Fitch Ratings agency has affirmed Bulgaria’s long-term Foreign Currency Issuer Default Rating at BBB- and Local Currency Issuer Default Rating at BBB with stable outlook, Bulgaria's Ministry of Finance informs. Fitch estimates that Bulgaria’s GDP would..
The interest rates on deposits offered by the commercial banks to the local households and companies have reached new historical lows and are very close to zero (those in Euro offered to Bulgarian firms decreased to 0.38% on an annual basis). The..
Bulgaria places second in the EU, together with Latvia, in terms of lowest tax revenue/gross domestic product ratio. In those two countries the tax revenue/GDP ratio amounts to 27.9%. Only in Lithuania the tax revenue/GDP ratio is lower-27.2%, data of..
Bulgaria’s commercial banks are less interested in attracting new deposits, banking expert Victor Yotsov told the Bulgarian National Radio. In Mr Yotsov’s words, the Bulgarian National Bank may reduce its interest rate on deposits even further and the..
