Bulgaria Loses Billions Annually Due to Delayed Schengen Membership, Warns Economy Minister
Bulgaria stands to lose approximately BGN 1 billion each year due to its continued exclusion from full membership in the Schengen area
Banker Levon Hampartzoumian: Bulgaria's Economy Is in Good Shape at Macro Level
Business | September 25, 2016, Sunday // 11:39
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People have confidence in the Bulgarian lev, the financial system and the banks. The growth of deposits and credits is proof of that, stated Levon Hampartzoumian on Nova TV.
According to the banker, the growth in credits is smaller and unevenly distributed among cities since enterprising people are to be found mostly in bigger cities.
Levon Hampartzoumian added that the Bulgarian economy is in very good shape at a macro level. “The EUR 630 M which we will pay for Belene will not be a burden but the money could have been used for several other things. The winter will not be harsh because of these funds but it could have been easier,” pointed out Hampartzoumian.
In his opinion, it is a good thing that there is a surplus.
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