Non-performing loans (NPL) in the Bulgarian banking sector have increased by 1.38% in six months, according to Bulgarian National Bank’s (BNB) data as of the end of June 2024. The growth in absolute value has surpassed over BGN 175 mln (EUR 89.48 mln) compared to December 2023. As a share they have remained almost unchanged,...

Relatively high level of non-performing loans (NPL), overvalued real estate and high inflation – these are the risks for Bulgaria outlined by the European Commission (EC) in its annual Alert Mechanism Report, published in the first days of 2024.Overall, the challenges for the Bulgarian economy are few, but labor costs are rising quite fast, the...