Money

Emigrants Bring More Money to Bulgaria than Foreign Investors

Emigrants Bring More Money to Bulgaria than Foreign Investors

09:21 | 07.03.2017 | by редактор
According to information of the Bulgarian National Bank, (BNB), in 2016 emigrants sent home a total of BGN 1.667 B, which is by BGN 14 M more than they did in 2015. At the same time, the direct foreign investments to Bulgaria in 2016 were EUR 682 M. This is a whole 60% slump from a year ago, when the direct foreign investments in the economy were by EUR 1 B more. In other words, our compatriots abroad sent back home BGN 332 M more than the foreign companies invested for the same...
Bulgaria Air Welcomes Spring with Special Promotions

Bulgaria Air Welcomes Spring with Special Promotions

12:04 | 02.03.2017 | by StandartNews
National carrier "Bulgaria Air" is welcoming the spring season with a ''Baba Marta'' special promotional campaign for all its direct flights. From 1 to 17 March the airline offers one-way and two-way airfare from Sofia at prices starting from 49 euros to 99 euros. The special tickets are suitable for all lovers of spontaneous and short trips, the promotional tickets include only hand baggage up to 10 kg. Each passenger may further take advantage of the transport of one checked baggage up...
Bulgaria Emits New State Debt Worth BGN 100 M

Bulgaria Emits New State Debt Worth BGN 100 M

09:58 | 28.02.2017 | by Standartnews
A new state debt worth BGN 100 M is going to be emitted on the home market in March. An emission of Bulgarian government bonds in BGN will be put on the counter at a tender scheduled for March 20th. The bonds are worth BGN 100 M and mature in ten and a half years. This emission is going to complement the one of January 25th, which is scheduled to mature on July 25, 2025. For a few months in 2016 the ministry of finance abstained from releasing government bonds emissions...
BNB: Personal loans in Euro get more expensive

BNB: Personal loans in Euro get more expensive

09:03 | 28.02.2017 | by Standartnews
According to information of Bulgaria's central bank (BNB), the total cost of personal loans has increased since the beginning of 2017. Тhe annual percentage rate of charge and the total cost of the credit to the consumer, calculated at the time the credit agreement is concluded, has increased to 6.57%. For comparison, in the last month of 2016 it was 6.10%. Similarly, Тhe annual percentage rate of charge on the housing loans has increased to 5.04%, as against 4.47% in December 2016....
Bulgarian Hotels Make BGN 195 M More in 2016

Bulgarian Hotels Make BGN 195 M More in 2016

13:11 | 27.02.2017 | by Standartnews
According to information of the National Statistical Institute (NSI), the returns of the Bulgarian hotels for 2016 on night-stays alone are BGN 1.229 B. This is an increase by about 19%, or BGN 195 M year-on-year. The growth owes itself largely to foreign guests, with returns on their stays hike by over 22% (BGN 263 M). They were responsible for 72.5% of the total hotels' returns on night-stays. Not surprisingly, the foreigners staying in Bulgaria on holiday, or for work, prefer our...
Bulgaria’s Revenue Agency Seals off 180 Retail Outlets over Infringements

Bulgaria’s Revenue Agency Seals off 180 Retail Outlets over Infringements

13:53 | 23.02.2017 | by Standartnews
T ax inspectors of the National Revenue Agency have sealed off 180 retail outlets across the country since the beginning of 2017. Tax evasion is the most common infringement committed by the retailers, followed by turnover conceal, discrepancies between the amount in the cash drawer and the registered sales, non-issuance of receipts, etc. Usually, the infringers have their outlets closed for between one and two weeks, or until the fines imposed by the NRA agents are paid. NRA...
Bulgarian Banks Collect BGN 1 B in Fees in 2016

Bulgarian Banks Collect BGN 1 B in Fees in 2016

12:10 | 20.02.2017 | by Standartnews
According to information of the Bulgarian National Bank (BNB), the revenues of the Bulgarian banks from commission fees and charges for 2016 amount to BGN 1.06 B, as against BGN 1.02 B in 2015. Bulgaria's banking sector has reported a record-high profit for 2016 in the amount of BGN 1.262 B – an increase by 40.5% (BGN 264 M) year-on-year. In 2016, the banks earned over BGN 3 B from loan interests, a small decrease from a year ago when the revenues from loan interests were...
Inflation Eats up Returns on Bank Deposits in Bulgaria

Inflation Eats up Returns on Bank Deposits in Bulgaria

08:47 | 16.02.2017 | by Standartnews
The recent hike in the retail price of vegetables and petrol in Bulgaria has triggered a 1.3% inflation rate in the first month of 2017, the National Statistical Institute (NSI) has said. This has been the highest inflation rate reported in Bulgaria for over four years now. The inflation rate for the period Jan 2016-Jan 2017 is 1.4% - the highest annual inflation rate for over three and a half year now. The annual inflation has now outgrown the interests on bank deposits in Bulgaria...
Rich-poor Gap Widens in Bulgaria

Rich-poor Gap Widens in Bulgaria

07:35 | 09.02.2017 | by Standartnews
According to information of the Bulgarian National Bank (BNB), at the end of 2016 there were 762 personal bank deposits worth over BGN 1 million each. For comparison, in the first half of 2014 their number was 749. However, after the collapse of the Corporate Commerce Bank on June 20th, 2014, Bulgaria's wealthiest people learnt not to put all of their eggs in one basket and started stashing their cash in a number of different banks, each deposit not exceeding BGN 196,000, the maximum...
Heating Failures Across Sofia

Heating Failures Across Sofia

11:49 | 08.02.2017 | by StandartNews
An accident left without heating and hot water large parts of the Bulgarian capital Sofia. The two neighborhoods of "Lyulin" - 4 and 5 are left without heating and there are problems in parts of the "Mladost" area as well. Eng. Bojan Paunov from provider Toplofikatsia informed that the cause of a problem there is the large shopping center on the boulevard "Tsarigradsko Shosse". It is a result of a major major accident, which was caused by an electric shock. Paunov declared that the...
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