Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

COVID-19 to delay Bulgaria’s accession to ERM II

Petar Andronov
Photo: BGNES

The Bulgarian banks are ready to defer credit contributions, the Chairman of the Association of Banks in Bulgaria Petar Andronov said. This is expected to happen after April 1 when the loan deferral procedure will be clear. The banks are working individually with each client, so they can get the best conditions to deal with the difficulties caused by the COVID-19 crisis, Petar Andronov says. The Bulgarian National Bank Governor Dimitar Radev wrote in a publication that Bulgaria is not giving up on the path towards the ERM II mechanism (the Eurozone’s waiting room) and the close cooperation with the banking supervision, but the key step in this direction will be perhaps delayed due to the COVID-19 crisis.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Defense Minister mulls military training for some civil servants

Filling the reserve in the Bulgarian army is complicated , announced the caretaker Defence Minister Atanas Zapryanov. The military authorities are trying to fill it through temporary service in the voluntary reserve. Reservists will be attracted by..

published on 5/7/24 10:44 AM

Rose-picking season in Bulgaria starts earlier because of warm spring

Harvesting of the rose petals in Bulgaria has started in the first days of May, reports BGNES. The dry and warm spring is the main reason for the beginning of the rose harvest, said rose grower Peter Simeonov from Kazanlak.  Zara Klisurova of the..

published on 5/7/24 10:15 AM
Transport Minister Georgi Gvozdeykov and the management of the Polish company Stadler Polska Sp. z o.o.

Transport Minister to negotiate purchase of 35 new train units worth more than 550 mln euro

4 companies are invited for negotiations, says an announcement in the public procurement register. They participated in the previous order for the supply of 7 double-decker trains won by Stadler.  The new order is for 35 railcars with at least..

published on 5/7/24 8:55 AM