The caretaker Minister of Economy Kiril Petkov has invited the representatives of the Supervisory Board of the Bulgarian Development Bank (BDB) to explain how they have allowed a concentration of loans for nearly BGN 1 billion /EUR 500 million/ in a..
The moratorium on loan repayments will not be extended for a third time. The end of the health-care part of the problem can be seen on the horizon, banker Levon Hampartzoumian has told bTV. "But as the medical issues..
The Bulgarian Development Bank has submitted a proposal to the Ministry of Economy to extend the program for interest-free loans to citizens who are temporarily unable to work due to the Covid-19 pandemic. The proposal comes at the..
The VMRO political party has made demands for reduction or exemption from state and municipal rents of debtors have become insolvent due to the Covid-19 restrictive measures, the party's press office announced. The proposals were submitted to the..
The outgoing 2020 was not very good in economic terms, but fortunately the crisis provoked by the Covid-19 pandemic did not reach the scale of the world financial crisis form the period 2008-2009. Banks around the globe and in Bulgaria entered..
The mortgage system in Bulgaria is not transparent and very complex. A European Parliament delegation has come to this conclusion after a visit to the country in February. Among the problems are misleading behavior of private banks such as failure to..
More than 107,000 loans are subject to a temporary moratorium due to the economic consequences of Covid-19 at the end of July. This is clear from data of the Bulgarian National Bank , BNR reports.The total value of these loans is over nine billion levs..
The interest-free loans approved by commercial banks and guaranteed by the Bulgarian Development Bank total about 23 million euros. More than 11,000 out of 19,500 applications for loans have already been approved. Following the expansion of the..
The Bulgarian National Bank forecasts an increase in non-performing loans and has kept buffer for the vaults at 0.5 percent of their capital in the third quarter. The central bank recalls that at the beginning of the crisis with Covid-19, it..
The average amount of interest-free loans taken by individuals in difficult situation due to Covid-19 is about BGN 4,300 (EUR 2,199). This was reported by the Bulgarian Development Bank. The program in support of people on unpaid leave or those who..
