Gold Reaches New Highs, Nearly Touching 2,400 USD per Ounce
In the early hours of Friday trading, the price of gold surged to an unprecedented peak, nearing the 2,400 USD per ounce mark
Bulgarian Parliament has adopted changes to the Law on Credit Institutions, which oblige banks to inform customers of any significant movements in interest rates on their accounts or expenses if they are in credit.
The Bulgarian National Radio has reported that on Wednesday the Bulgarian Parliament adopted amendments, which oblige banks to notify their clients for changes in the interest rate on deposit as well. In case of temporary cash deposit with fixed interest rate, banks cannot reduce the interest until the contract expires.
Banks will also have to inform about changes in the interest rate or the fee, which leads to increasing of the repayment of the credit that is not customer credit.
They are also obliged to notify the client in a manner agreed between the parties, before the changes enter into force. The law envisions the creation of supervisory committees, which would coordinate the activities of the various authorities during the ongoing supervision.
The Bulgarian National Bank has been given a legal basis for participation in the Committee of European Banking Supervisors (CEBS) and compliance of its guidelines in the local banking system.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
February witnessed a surge in remittances from Bulgarians residing abroad, reaching a remarkable EUR 110.5 million, marking the highest value since last July
Amidst financial fluctuations and strategic fiscal decisions, Bulgaria's Minister of Finance, Lyudmila Petkova, unveils the nation's robust fiscal reserve, standing tall at BGN 10.9 billion as of April 18th
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022