Bulgarian National Bank

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.

Bulgaria's External Debt Jumped to 45.1 Billion Euros

The gross external debt at the end of January 2023 amounted to nearly 45.1 billion euros (49.9 percent of the estimated Gross Domestic Product - GDP), reports the Bulgarian National Bank (BNB).

This is almost EUR 3.963 billion (9.6 percent) more than at the end of January 2022 (over EUR 41.120 billion, 48.6 percent of GDP).

Bulgarian National Bank: Incompetent and Irresponsible Statements! Changing the BGN-EUR Exchange Rate is Impossible

"Changing the leva-euro exchange rate is impossible". This is stated by the Bulgarian National Bank to National radio, after yesterday information was spread, which is claimed to be from a report of the Ministry of Finance, according to which there is a risk of a change in the exchange rate of the leva against the euro.

Bulgaria’s National Bank Withdraws Old Banknotes with Denomination of BGN 20 from Circulation – Check Where You can Change yours!

The 20 BGN banknotes from 2005 will be removed from circulation from February 1 and will no longer be legal tender. After this date, banknotes with a nominal value of BGN 20, 2005 issue, will be exchanged at the cash desks of the Bulgarian National Bank (BNB) at nominal value without limit of quantity, without fee and without deadline for exchange.

The Central Election Committee recommends April 2 as the Date for Early Elections in Bulgaria

Elections under the new rules can be held as early as April 2. This was announced by the Chairwoman of the CEC, Kamelia Neikova, during a hearing in the National Assembly in connection with the preparations for holding early parliamentary elections.

The reason is that at an earlier date the supply of the required quantity of secure paper for machine voting cannot be guaranteed:

Bulgarian Banks can Block Accounts if We have Not Updated our Personal Information at their Offices

Bulgarian banks have the right to block accounts if we have not personally updated the address, ID and phone number information within one year (12 months). This became clear after the meeting of the parliamentary committee on internal security and public order, reported BNR.

The Parliament adopted the amendments to the anti-money laundering law in the first reading yesterday.

Bulgaria: Bank Accounts will Automatically be converted from BGN to EUR on the Day of Introducing the Euro

Bank accounts will automatically be converted from BGN to EUR on the day of the introduction of the single European currency, emphasized the Governor of the Bulgarian National Bank (BNB) Dimitar Radev in his publication in the bulletin of the Association of Commercial Banks.

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