KEYWORDS TODAY:   OUTLOOK 2020NATOKTBGRIGOR DIMITROVUKRAINEPRISON WORKERS

Deposits in Bulgaria Generate Highest Revenue in 6 Years

Business » FINANCE | June 10, 2014, Tuesday // 12:04| Views: 918 | Comments: 0
  • Send to Kindle
Bulgaria: Deposits in Bulgaria Generate Highest Revenue in 6 Years File photo.

Revenues arising from bank deposits have recorded the highest rates in 6 years, according to data by Bulgaria's National Bank and the National Statistical Institute.

For the last year, every BGN 100 on deposit has generated a revenue of BGN 5.50, nearly two-thirds of it coming from the interest and the rest is due to the negative inflation rates, Bulgarian 24 Chasa infroms.

According to the Statistical Institute data, the Consumer Price Index (CPI) for April 2014 was -1.6% on an annual basis. The average interest rate on deposits for the same period was 3.63% in EUR and 4.1% in BGN. Therefore, consumers saving in BGN have made higher profit.

Finance » Be a reporter: Write and send your article
Tags: revenues, deposits, Bulgaria's National Bank, interest, inflation rates, consumer price index, CPI
Expats.bg All Are Welcome! Join Now!

Leave a comment


Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria