Record Foreign Investments Drive Bulgaria's Growth
Today, the World Bank presents the report “Review of Public Finances in Bulgaria”, which examines revenues, efficiency, and effectiveness of state expenditures in various sectors
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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.
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