The foreign reserves held by the central bank rose by 3% m/m to BGN 30.3bn (EUR 15.5bn) at the end of September, up from a monthly 0.6% increase registered in August, central bank data showed. The deposit of the government went up by 3.7% m/m in September, indicating improvement in government finances. It accounted for 22.7% of the total foreign reserves as compared to 22.5% in the previous month. The money in circulation went down by 0.6% m/m, while the deposits of the commercial banks rose by 2% m/m. Holdings of other depositors rose by 4.7% m/m in September. In annual terms, the reserves increased by 18.8%. |
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more