Central Bank Takes Measures Against Rise Of Non-Performing Loans

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 issued prescriptions to ensure the preservation of stability in the banking system. The capital buffer reflects the BNB’s expectations for the course of the economy. The lower its size, the more positive the economic outlook.

For many years the buffer stood at zero, but in 2019 it began to rise gradually due to the global economic slow down.

Read More

Bulgarians To Travel To Ukraine Only With A Negative PCR Test

Bulgarian citizens traveling from Bulgaria to Ukraine must now submit a PCR test with a negative result, performed within 48 hours before...

This School Year Will Begin With 382 Bulgarian Sunday Schools Abroad

"The school year will begin with 382 Bulgarian Sunday schools abroad, which study the native language, culture, history and geography of Bulgaria."...

Protein Sweets – A Revelation To The Palate In Three Traditional Flavours

There are two symbols which people anywhere in the world will recognize as Bulgarian – rose oil and yoghurt. Their curative properties...

Recent

Exports Of Bulgarian Wine Remain Steady Despite COVID-19 Pandemic

Exports of Bulgarian wine in the first half of 2020 remained unchanged as compared to previous years despite the coronavirus pandemic. However,...

Protein Sweets – A Revelation To The Palate In Three Traditional Flavours

There are two symbols which people anywhere in the world will recognize as Bulgarian – rose oil and yoghurt. Their curative properties...

Almost 100 Illegal Houses To Be Demolished In The Roma Neighborhood In Stara Zagora, Bulgaria

In Stara Zagora, 97 illegal houses in the Roma neighborhood of Lozenets will be demolished. The demolition began at...