Bulgarian National Bank

Bulgaria: Tensions between GERB and WCC-DB

"Nobody doubts that there will be no rotation, right?" This was stated by GERB leader Boyko Borissov on the sidelines of parliament regarding the disagreements with the WCC-DB. According to him, they are doing everything "which is on the record" - changing personnel in ministries, agencies, regulators and "appointing their own people everywhere".

Bulgarian National Bank: The Technical Work on the Adoption of the Euro Continues

The Bulgarian National Bank (BNB) has no formal basis and has not suspended the technical work on the adoption of the euro. It is being carried out on schedule and within the bank's budget for 2023, the press center of the Bulgarian National Bank said regarding political comments that the process of joining the Eurozone should be stopped.

Ministry of Finance: The Fiscal Reserve of Bulgaria is Decreasing

"At the beginning of the year, the fiscal reserve was BGN 11.9 billion, of which BGN 10.8 billion was in BNB (Bulgarian National Bank) accounts. As of May 10, the fiscal reserve decreased to about BGN 10.3 billion, and in BNB accounts - to 9.6 billion". This was stated by the acting Minister of Finance Rositsa Velkova in the plenary hall.

The Law on the Adoption of the Euro will be submitted to the Bulgarian Parliament soon

The law on the adoption of the euro will be submitted to the National Assembly within a month, announced Deputy Minister of Finance Metodi Metodiev during a discussion on the topic of the forum "The role of organized civil society in the process of Bulgaria's accession to the Eurozone". According to him, achieving the inflation criterion remains the main challenge facing our country.

The Credits of Bulgarians are 34 Billion Leva - Mortgages continue to Grow

At the end of March 2023, the deposits of the non-governmental sector in Bulgaria were close to BGN 119 billion (67.3 percent of GDP), and their annual increase was 13.1 percent, reports the Bulgarian National Bank (BNB).

As of February, the growth of this type of savings was 14.3 percent on an annual basis.

The Bulgarian National Bank puts a brake on Lending - The Goal is to reduce Inflation

The Bulgarian National Bank (BNB) has taken measures to restrict lending and control the growth of inflation. The central bank's decision is to more than double the minimum required reserves of banks.

This is happening two days after the BNB reported as a risk the rapid growth of lending from commercial treasuries.

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