Bulgarian Housing Market Predictions For 2024: Stable Year And Increase In Prices
This information was shared during the presentation of data on the current state of the market to journalists
Corporate Commercial Bank (CCB) is stable, with high liquidity and capital adequacy and is functioning normally, said the bank press office in a statement.
“CCB is the fourth largest bank in Bulgaria and continues to be subjected to deliberate media pressure and speculations, which aim at its destablization and put at risk the stability of the entire banking sector of the country,” the statement reads.
The bank senior management reassured the public that at the moment the bank was stable. “We believe that our clients are reasonable people and will not let the vilifying media campaign to achieve its goals,” the statement said. “The attempts to create the wrongful impression that the deposits in the bank are at risk are a manipulation, which, combined with spreading of rumours, creates misleading news.”
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In the initial quarter of 2024, Bulgaria's economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year
According to Levon Hampartzoumian, the likelihood of Bulgaria joining the Eurozone in 2025 is very slim, as no country has ever entered during the middle of the year
According to Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), Bulgaria will not meet all the requirements for joining the Eurozone by the time the convergence report is released in June
The Bulgarian National Bank (BNB) has initiated a trial minting process for 8 million euro coins, as announced by BNB Governor Dimitar Radev during a conference on the euro's introduction
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