Kristalina Georgieva: There is no significant slowdown in Lending
The International Monetary Fund has yet to record enough banks cutting back on lending, and that could prompt the US Federal Reserve to reverse course with the rate hike cycle
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Business » Finance
Bulgaria: Inspections of Fast Loan Companies are starting all over the country
Serious breaches, unfair trading practices and non-compliance with the Consumer Credit Act which distort the market
Bulgaria: The Budget Committee accepted the Budget Extension
The Budget Committee of the Parliament adopted a decision to extend the current Law on the State Budget
Bulgarian National Bank: We are on the Final stretch on the Road to the Eurozone
This was stated by Iliya Lingorski from the BNB Board of Directors during a forum dedicated to the advantages for business and the economy of the adoption of the euro
Finance Ministry: If there is No New Budget by June 10 - Bulgaria could only Spend as much as it Collects
If after June 10 there is no adopted budget for the year or a new extension of last year's budget, the state will only be able to spend as much as it collects
Bulgarian National Bank: The Technical Work on the Adoption of the Euro Continues
The Bulgarian National Bank (BNB) has no formal basis and has not suspended the technical work on the adoption of the euro
Bulgaria: Inflation Decline and GDP Growth
Annual inflation in Bulgaria for April 2023 compared to April 2022 is 11.6%
Fitch confirmed the long-term Credit Rating of Bulgaria
The international rating agency "Fitch" (Fitch Ratings) confirmed the long-term credit rating of Bulgaria in foreign and local currency BBB with a positive outlook
Ministry of Finance: The Fiscal Reserve of Bulgaria is Decreasing
At the beginning of the year, the fiscal reserve was BGN 11.9 billion, of which BGN 10.8 billion was in BNB (Bulgarian National Bank) accounts
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
Ministry of Finance: Bulgaria is preparing to Adopt the Euro on January 1, 2025 - At the Latest!
Bulgaria is making efforts to be ready to accept the euro no later than January 1, 2025
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
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 Bulgarian National Bank foresees an Accelerated Increase in Interest Rates
The process of raising interest rates in Bulgaria will accelerate in the coming months, the BNB predicts in the traditional publication "Banks in Bulgaria"
Bulgaria’s Parliament will violate the Constitution if it Allows a Referendum on the Euro
The referendum, which was initiated by the pro-Russian party "Vazrazhdane" to postpone the adoption of the euro, cannot be held legally, if we speak in the field of law
Bulgaria has the Second Highest Hourly Wage Growth in the EU
In 2022, the average hourly wage in the entire EU economy was 22.9 euros, and in the Eurozone - 25.5 euros, according to data released today by the European statistical service Eurostat
In 2022: Annual Revenues in Bulgaria Grew by 16.9% and Expenses by 19.1%
In 2022, the average annual income per person in a household is BGN 9,008 and it increased by 16.9% compared to 2021
Bulgaria: Slowdown of Annual Inflation to 14%
In March, annual inflation in Bulgaria slowed down to a 12-month low of 14.0% compared to 16.0% in February, according to the data of the National Statistical Institute
The IMF Halved its Expectations for the Growth of the Bulgarian Economy in 2023
Bulgaria's economy will grow by 1.4 percent this year, after 3.4 percent growth in 2022
Bulgaria’s Ministry of Finance predicts a Slowdown in Economic Growth to 1.8% this year
The Bulgarian economy will slow its growth to 1.8 percent this year, according to the spring macroeconomic forecast of the Ministry of Finance
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
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