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
World | April 12, 2024, Friday // 12:08
1/3 Of Sums Withdrawn In June Put Back In Banks
- Tweet
Send to Kindle
File photo.
One third of the money, withdrawn from Bulgarian banks in June was deposited back in the banks, shows data of the Bulgarian National Bank (BNB).
During the bank panic in June, depositors withdrew BGN 1.043 B, which was somewhat of an anomaly, considering that in the past few years, the households saved in banks between BGN 3 B and 5 B per year.
A total of BGN 369 M were deposited back in the banks in July. A small part of the remaining BGN 674 M was spent, shows data of the National Statistics Institute, which reports a deflation of 1% in July, year-on-year.
Part of the withdrawn sums was deposited in foreign banks, some of the money was put in safes. Other depositors broke up their large deposits in smaller parts of EUR 100 000 and put them in different banks, according to bankers, quoted by Mediapool.bg.
They expect that when the situation calms down, the remaining money will be put back in the banks as well.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
Bulgaria's Housing Market Surges as Banks Inject Billions in Credit
Bulgarian banks have injected approximately 3.7 billion in additional credit resources into the housing market over the past year alone, with a staggering total of over 8 billion in the last three year
In The EU: Bulgarians Spend The Most On Food After Romanians
Romanians and Bulgarians spend the largest part of their monthly income on food compared to the other countries in the European Union, with Romanians ranking first at 23.7 %, and Bulgarians following closely behind at second with 18.9%, indicate data from
Lithuania's Cryptocurrency Surge Raises Concerns for Regulators Amid Money Laundering Fears
Lithuania finds itself at the forefront of cryptocurrency expansion within the EU, boasting one of the largest counts of crypto companies
Business | December 13, 2023, Wednesday // 16:07
Bulgaria: Museums in are Demanding 50% More Money in 2024
Museums in Bulgaria insist on receiving 50% more money next year for the maintenance and modernization of the fund storage and exhibition halls, as well as for raising wages in the sector, as there is a mass departure of specialists
Bulgaria: A 75-year-old Woman was Arrested while Collecting Money from a Phone Scam
A 75-year-old woman from Varna is in custody after she was detained while collecting money from a telephone scam
Crime | August 15, 2023, Tuesday // 13:58
Sofia Exceeds Average Income Levels in Europe
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Bulgaria's Eurozone Entry Postponed: Central Bank Governor and Ex-Economy Minister Sound Alarm
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
Bulgarian Household Incomes Offset by Inflation in 2023
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
Report Shows Bulgarians Have Doubled Their Wealth in a Decade
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
Ex-Economy Minister: Bulgaria Unlikely to Enter Eurozone in Early 2025
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
Bulgarian National Bank Chief Targets 2025 Eurozone Access
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
