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Economy

Has BNB tightened mortgage lending?

There is no real tightening by the Bulgarian National Bank (BNB) in the credit market for mortgage loans. At the beginning of the week the Bulgarian National Bank decided to introduce quarterly monitoring of commercial banks on six indicators. Is anything changing for consumers? Bulgaria's...
Energy Minister is in the US, discussing LNG supplies for Bulgaria and the region
Energy Minister is in the US, discussing LNG supplies for Bulgaria and the region
Through supplies from the United States Bulgaria will establish itself as a key factor for energy security in the region, said caretaker Energy Minister, Vladimir Malinov, who is visiting...
The increase in the price of electricity from 1 July will be about 2%, utility regulator said
The increase in the price of electricity from 1 July will be about 2%, utility regulator said
The change in the price of electricity from 1 July this year will be about 2%, the head of Energy and Water Regulatory Commission, Ivan Ivanov, told BNT on May 22. He urged to stop speculating on...
Bulgaria's central bank ordered banks to tighten standards in mortgage lending
Bulgaria's central bank ordered banks to tighten standards in mortgage lending
Bulgarian National Bank (BNB) reported an increase in lending secured by residential real estate and in this regard ordered banks to take additional measures to ensure the security of the...
Measures against the increase in the price of electricity
Measures against the increase in the price of electricity. Today, May 20, Kozloduy Nuclear Power Plant (NPP) is expected to withdraw the...
Bulgargaz to sue Gazprom over suspended gas supplies in 2022
Bulgargaz (the public supplier of natural gas in Bulgaria), will sue Gazprom Export for BGN 400 million over suspended gas supplies to Bulgaria in...
The new strategy of the Bulgarian Development Bank will turn it into a real encouragement bank
The new strategy of the Bulgarian Development Bank will turn it into a real encouragement bank, caretaker Minister of Innovation and Growth Rosen...
District Heating Companies predict lower prices for heating and hot water from July 1
Heating and hot water will become cheaper from 1 July. This is what Kremen Georgiev, the chairman of the Association of District Heating...
BGN 2,300 is the average wage for March, national statistics data show
BGN 2,300 is the average wage for March, national statistics data show
The average gross monthly wage for March is BGN 2,300. Monthly inflation is -0.3% and annual...
Bulgaria won't be able to meet the criteria for joining the euro area by the date of the convergence report in June, BNB Governor says
Bulgaria won't be able to meet the criteria for joining the euro area by the date of the convergence report in June, BNB Governor says
Bulgaria will not be able to meet all the criteria for joining the euro area by the date of the...
May 13 is Tax Freedom Day in Bulgaria in 2024
May 13 is Tax Freedom Day in Bulgaria in 2024
May 13, 2024, is Tax Freedom Day in Bulgaria. This is the hypothetical date on which the people...
Police, customs and tax officials conduct checks in Lukoil warehouses
Police, customs and tax officials conduct checks in Lukoil warehouses
From May 10, checks are being carried out in the tax warehouses of Lukoil Neftohim Burgas AD and...
Record low electricity exports - decline in generation and consumption
Record low electricity exports - decline in generation and consumption
The Electricity System Operator reported record drop in electricity exports by nearly 79% in the...
New requirements for price of bread introduced
New requirements for price of bread introduced
From 1 July until the end of the year, VAT on bread will remain 0%.   The mark-up for...
Tourism industry on Bulgaria's Northern Black Sea coast is ready to welcome the summer season
Tourism industry on Bulgaria's Northern Black Sea coast is ready to welcome the summer season
Caretaker Minister of Tourism, Evtim Miloshev, expects a sustainable tourist season on the...
Are interest rates on loans going down, and on deposits going up?
Are interest rates on loans going down, and on deposits going up?
Interest rates on loans will start to decline by the end of the year, while those on deposits...
New debt of BGN 200 million issued by the state - what will the money be used for?
New debt of BGN 200 million issued by the state - what will the money be used for?
The Ministry of Finance issued new three-year debt on the domestic capital market in the amount...
Cost of living for a working adult in Bulgaria is BGN 1,454 per month
Cost of living for a working adult in Bulgaria is BGN 1,454 per month
BGN 1,454 is needed for 1 working person in Bulgaria to live normally, according to the data of...
Bulgaria's Parliament adopted a resolution assigning Minister of Energy to re-negotiate Bulgargaz-Botas agreement
Bulgaria's Parliament adopted a resolution assigning Minister of Energy to re-negotiate Bulgargaz-Botas agreement
At an extraordinary sitting on April 19, Bulgaria's Parliament voted to adopt a resolution...
Bulgaria loses over BGN 1 billion a year due to non-admission to Schengen by land
Bulgaria loses over BGN 1 billion a year due to non-admission to Schengen by land
Bulgaria’s economy suffers losses of hundreds of millions of euros every year from not...
Rail fares in Bulgaria set to rise by average 20%
Rail fares in Bulgaria set to rise by average 20%
The Bulgarian Railway company, BDZ, is changing the train fares. The increase in train tickets...
National Statistical Institute reports the inflation in Bulgaria for March
National Statistical Institute reports the inflation in Bulgaria for March
National Statistical Institute (NSI) reports 3% annual inflation for March in Bulgaria. Monthly...
A historic building in downtown Sofia to become a hotel from the chain co-owned by Robert De Niro
A historic building in downtown Sofia to become a hotel from the chain co-owned by Robert De Niro
An American luxury hotel brand co-founded by actor Robert De Niro will open two hotels in...
More than half of Bulgarians expect the state to take measures against high inflation, according to Eurobarometer survey
More than half of Bulgarians expect the state to take measures against high inflation, according to Eurobarometer survey
In Bulgaria, 57% of citizens expect the state to take action against high living costs,...
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