Bulgarians Urged to Watch Exchange Rate Amid Euro Adoption and Loan Concerns
The adoption of the euro in Bulgaria is not expected to cause fast loans to become more expensive
Minister of Economy Emil Karanikolov opened the International Economic Forum of the Bulgarian Development Bank (BBR) "Roads for Partnerships". This year, it coincides with the 20th anniversary of the bank's founding. The conduct of the conference is part of BBR's active position in international financial cooperation. The Bulgarian Development Bank is the best positioned bank in the country to attract funds from international partners. During the opening, Minister Karanikolov emphasized that in 2018 BBR achieved the best financial results for the past two decades of its founding.
In his words, for the first time, the book value and the assets of the joint-stock company exceeded BGN 3 billion, increasing by 22% compared to the end of 2017. "A significant increase in profit was reported for 2018. New loans for businesses amounted to almost 400 million leva, which is more than three times more than in 2017, "the minister said. Within the forum, the Minister of Economy recalled that a Fund for Capital Investments was established at the end of last year.
He emphasized that this year's focus of the discussions is the prospects for the implementation of the new European program InvestEU, which is the extension of the Juncker Plan. Minister Karanikolov pointed out that it will encourage the investment activity and the modernization of the European economy in the next programming period.
Between July 9 and 11, the Central Military Club in Sofia hosted the first coordination conference aimed at developing the core capabilities of Bulgaria’s and North Macedonia’s Land Forces in operating and integrating Stryker combat vehicles
Minister of Economy and Industry Petar Dilov met with the Ambassador of the State of Kuwait to Bulgaria, H.E. Ghazi Hamed Alfadhli, to discuss ways to enhance bilateral economic and trade relations, with a particular focus on attracting Kuwaiti investment
As part of its "Terror-Free Türkiye" initiative, the Turkish government is underscoring a significant advancement in its regional security efforts, as outlined in a media statement from the Turkish Embassy in Sofia.
A significant national security concern has emerged regarding Bulgaria’s entry into the eurozone
Bulgarian Prime Minister Rosen Zhelyazkov addressed recent comments by North Macedonian Prime Minister Hristijan Mickoski, describing his remarks toward Bulgarian Foreign Minister Georg Georgiev as offensive and inappropriate
Bulgarian President Rumen Radev has accused government officials and commentators of spreading "brazen lies" about the controversial gas contract with Turkey’s state-owned company Botas
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