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The Bulgarian National Bank says it has selected through public procurement Deloitte Bulgaria as the auditing company to assess the quality of assets in the banking system.
Other two contenders who had placed an offer were Oliver Wyman GmbH and Mazars LLP.
Banks vying to consult stress tests in Bulgaria, scheduled for the next week, were required to have evaulated the assets of Eurozone lenders.
In a recent announcement, the Bulgarian National Bank has confirmed that the base interest rate for February will stand at 3.79%, maintaining the status quo from January. This decision follows a marginal reduction of 0.01% made in December 2023
A significant shift is on the horizon for Bulgaria's financial landscape as the Bulgarian National Bank (BNB) gears up for its integration into the Eurozone by January 1, 2025
From the beginning of the year to the end of April, Bulgarians working abroad have sent to their relatives in Bulgaria nearly 400m euros.
Loans to Bulgaria's non-government sector rose by an annual 8.
Bulgaria's Deputy Prime Minister and Finance Minister, Lyudmila Petkova, confirmed that the draft budget for 2025 will target a deficit of no more than 3% of the country’s GDP
Retail chains in Bulgaria are actively preparing for the transition from the Bulgarian leva to the euro
The number of young people up to the age of 25 who are heavily in debt is on the rise in Bulgaria
At the end of July 2024, Bulgaria's gross external debt reached 43.69 billion euros
Bulgaria's Ministry of Finance is optimistic that the final requirement for joining the Eurozone will be met by December
A sociological survey conducted by the Trend agency and commissioned by the Expert Club for Economics and Politics (EKIP) reveals that 73% of Bulgarians feel their savings have diminished due to high inflation since mid-2021.
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