Banks in Bulgaria already provide business loans at interest rates below 4%. This shows the data on newly granted and renegotiated loans to the BNB at the end of June this year. The BGN loans are granted on average at an interest rate of 3.8%, while those in EUR – at an increase of 3.1%.…

Societe Generale Expressbank will be acquired by DSK Bank. The transaction, which has been known for months, was officially confirmed by the owners of the two institutions – the French Societe Generale and the Hungarian OTP. The price is not reported, as the expectations of both parties are that the transfer will be finalized in…

The members of the Parliament supported the President’s veto on provisions in the Privatization Act and after privatization control. The controversial paragraphs 3 and 4 were put to a separate vote in the plenary and were unanimously rejected by the votes of 184 MPs. The discussion of the presidential veto caused a violent exchange of…

Additional expenses amounting to BGN 171 500 under the budget of the Ministry of Justice were approved today by the Council of Ministers. The amount is intended to reimburse the expenses incurred by the Ministry for the payment of benefits to citizens and legal entities injured by slow justice.

The members of Parliament are about to decide whether the tax cases will be dealt with by the administrative courts in the country. This view is not supported by the law commission at the Parliament and it insisted that this type of cases be only reviewed by five courts as it is currently (in Sofia,…

According to Eurostat, industrial production in Bulgaria increased by 1.8% on a monthly basis in May 2018. By comparison, the average monthly growth rate for the EU was 1.2%. Bulgaria’s result is better than the results of a number countries with a typically positive trend in manufacturing, including the Netherlands (1.6%), Spain (1%), Norway (0.9%),…

The results achieved during the Bulgarian Presidency of the Council of the European Union and the priorities for the next six months on which the Austrian Presidency will focus were presented during a meeting between the Bulgarian Prime Minister Boyko Borisov, the Austrian Chancellor Sebastian Kurz and the President of the European Council Donald Tusk.…

In recent years more than 48 million leva from the National Innovation Fund have been invested in more than 450 technological projects, announced the Deputy Minister of Economy Alexander Manolev during the presentation of the application rules for the Ninth Session of the Fund, which should launch in June 2018. Under the new procedure, business…