Bulgarian National Bank

After consultations with the political forces in parliament, Finance Minister Vladislav Goranov stated that until its entry into the Eurozone Bulgaria will not change the exchange rate of the Bulgarian Lev which is now pegged to the Euro at EUR 1 to BGN 1.95583, BNR reported.

International tourism revenues in Bulgaria over the January-November 2019 period amount to EUR 3.6 billion, the Bulgarian National Bank has announced, BNR reported.

From 6 January 2020 the Bulgarian National Bank will release into circulation a copper commemorative coin '125 Years since the Birth of Geo Milev' of the 'Bulgarian Artists' series.

It will be sold for BGN 24 (twenty four levs).

People in Bulgaria have set a shopping record, spending EUR 1.2 billion ahead of the Christmas and New Year holidays, BNR reported.

The foreign direct investments in Bulgaria continue to increase in 2019. According to data of the Bulgarian National Bank, between January and October this year FDIs amounted to EUR 953.1 million, which was EUR 554 million more as compared to the same period last year.

Bulgaria had earned over EUR 3.4 billion in revenues from international tourism in the period January-October 2019, according to the data of the Bulgarian National Bank released today, said the press office of the Ministry of Tourism. The results show a decrease of only 0.3% compared to the same period of the record 2018.

Foreign direct investments (FDI) in Bulgaria over the first nine months of the year have more than doubled, according to the Bulgarian National Bank, Prime Minister Boyko Borissov wrote on his Facebook page.

At the end of September 2019, deposits of the non-governmental sector reached EUR 42.11 billion (71.2% of GDP), which is an annual increase of 7.9%, the Bulgarian National Bank has reported. Deposits by non-financial enterprises totaled 13 billion euros at the end of the previous month (21.9% of GDP). Compared to the same month of 2018, the rise is 6.4%.

According to Bulgarian National Bank data, 624 million euro has been transferred to Bulgaria from Bulgarians living and working abroad in the period from the beginning of the year until 30 June, 2019, BNR reported.   The biggest sums have been transferred from Germany, USA and Spain. In some households the money transfers from abroad are for no less than 1,200 euro a year.

The problem of negative interest rates directly damages the business in our country. Big banks in Bulgaria have been getting a hefty "fee" for about a year to maintain large corporate deposits, it is clear from their tariffs, a Mediapool check shows.