''The banking sector in Bulgaria is stabilised after the problems we had in 2014 and bankrupcy of the country's 4th-largest credit institution - Corporate Commercial Bank due to fraud and internal misappropriation, but bad loans remain a challenge accordi
The international credit rating agency Moody’s has confirmed Bulgaria’s credit rating with a stable outlook, quoted by BNR.
Statistics of the Central Bank shows that in the end of March 2017 Bulgaria’s external debt was at its lowest since 2009, reaching its lowest level over the past decade as GDP ratio, announced BNR.
During the first quarter of 2017, the total turnover index in the Transportation and Storage sector in Bulgaria went up by 2.
Owing to reforms, capital and liquidity buffers the Bulgarian banking system has stabilized in the wake of the closure of Corporate Commercial Bank in 2014.
‘’Accession to the Eurozone remains top priority for Bulgaria’’, Finance Minister Vladislav Goranov said at a conference for the 25th anniversary of the Association of Commercial Banks in Bulgaria.
‘’We will work to strengthen and develop the trade and economic relations between Bulgaria and Italy’’, said the Bulgarian Minister of Economy Emil Karanikolov during a meeting with the Italian Ambassador to Bulgaria Stefano Baldi, BNR reported.
The Central Bank of Bulgaria reports deficit of the country’s current balance, amounting to some EUR 254M for March, on surplus of EUR 131M in March 2016, according to BNR.
The High Administrative Court today annulled the government’s decree that set minimum wage at BGN 460 for 2017, the Bulgarian Chamber of Commerce and Industry (BCCI) said.
According to data from the National Statistical Institute for the first quarter of the year, Bulgarians spend 75% of their income on food, household bills, taxes and insurance, transport and telecommunication, reported BNR.
EUR 516 is the average monthly salary for the first quarter of the year – National Statistical data show.
The consumer price index for April 2017 compared to March 2017 is 100.
The government foresees increasing the minimum wage from BGN 460 to BGN 510 as of January 1, 2018, to BGN 560 as of January 1, 2019 and to BGN 610 as of January 1, 2020.
The financial ministry has proclaimed its draft mid-term budget forecast up till 2020.
''Bulgaria may fail to achieve even the forecast economic growth of around 3% in 2018'', said the economist Krasen Stanchev, according to FOCUS Radio’s Good Morning Bulgaria.
The average social security income for Bulgaria in March 2017 was BGN 811.
In its spring report the European Commission has not altered its forecast regarding the growth rate of the Bulgarian economy for this and next year, quoted by BNR.
Bulgaria’s exports to third countries grew by 20.
Turnover in retail commerce, excluding automobiles and motorcycles, rose 5.
Bulgaria’s trade with the EU has gone up considerably, according to National Statistical Institute preliminary data, quoted by BNR.
Sofia Municipality collected BGN 262.
50% more Chinese Tourists in Bulgaria
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