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BNB expects economic growth, investments in real estate continue

The Bulgarian National Bank (BNB) expects the trend towards a slowdown in economic growth to stop. In the first half of 2024, the Bulgarian economy is expected to grow supported by the improved prospects for external demand for Bulgarian goods and..

26.02.24 10:44 |

Bulgarians working abroad have sent over EUR 1.32 billion to the country in 2023, BNB says

Bulgarians working abroad have sent a record EUR 1.32 billion to their relatives in the country in 2023, official Bulgarian National Bank (BNB) statistics show. Compared to 2022, that is an increase of 25%. This means the sumtotal of the..

20.02.24 08:37 |

Bulgarian Parliament adopts Bulgarian National Bank bill regulating the status of the euro

The Bulgarian Parliament has adopted the amendments to the Law on the Bulgarian National Bank which regulate the legal integration of the Bulgarian Central Bank into the Eurosystem upon the introduction of the euro as the currency of Bulgaria. The..

01.02.24 14:55 |

Geopolitical uncertainty and reduced international demand are shrinking GDP

The real growth of the gross domestic product (GDP) in Bulgaria for 2023 will be 1.8% compared to 3.9% in 2022 . The growth is mainly determined by an increase in private consumption and positive net exports. The change in inventories has a significant..

26.01.24 12:01 |
The reverse design of the coins is based on a miracle-working icon of the Virgin Mary - Golden Apple, which is kept at a church in Asenovgrad (South Central Bulgaria).

BNB puts into circulation four new gold coins St. Mary - Golden Apple

The Bulgarian National Bank today issued a set of four gold commemorative coins with the theme "St. Mary - Golden Apple" in different denominations. Until January 4, each customer can buy a maximum of 2 coins of each denomination, after which the coins..

02.01.24 07:10 |

Bulgaria's government approves a new draft law on BNB

T he Bulgarian government approved a new draft law on the Bulgarian National Bank (BNB) . It aims at securing the legal integration of BNB into the Eurosystem upon the introduction of the euro in the country. A legal framework..

28.12.23 18:32 |
Dimitar Radev, governor of the Bulgarian National Bank

Bulgarian National Bank, commercial banks work to make Bulgaria ready for the euro

On Banker's Day, December 6, the governor of the Bulgarian National Bank (BNB), Dimitar Radev, congratulated all those working in the  banks in the country.  "The banking sector continues to be in a very strong condition and is a major factor in the..

06.12.23 09:25 |
Dimitar Radev

The BNB recommends a 10% buffer in the 2024 budget

GDP growth in Bulgaria will be 1.9% in 2023, slowing to half the 3.9% rate in 2022. Domestic demand and net exports will contribute to growth. Annual inflation will be 6.1 per cent. These are the expectations of analysts at the Bulgarian National Bank..

28.11.23 14:26 |

The design of future Bulgarian euro coins has been approved

The Coordination Council for Bulgaria's preparation for Eurozone membership has adopted the design of the Bulgarian national side of the euro coins approved by the Bulgarian National Bank.  Euro coins have a common side and a national side. The..

17.11.23 10:26 |
BNB building

For third consecutive month BNB raises base rate

On 1 November, the Bulgarian National Bank is raising the base rate for the national currency – Lev – to 3.79 %. The base rate in October was 3.64%, and in September 3.53%.  Interest rates have been going up since the end of September 2022 when..

01.11.23 08:33 |
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