Thu, Nov 05 2009
Bulgaria’s tax on gambling could be raised to 15 per cent as early as next year, according to a Cabinet plan made public on November 4.
Bulgarian banks will put forward a set of measures for implementation by the Government, designed to improve market conditions and preparing the ground for a long-anticipated cut in lending rates.
There should be no modifications or speculations when it comes to the currency board, Bulgarian National Bank governor Ivan Iskrov said.
The Bulgarian deposit market exhausted its capacity to provide liquidity for local lenders as recession strengthened its grip on the economy, the latest figures from the Bulgarian National Bank showed.
Loans written off as losses by Bulgarian banks rose to 1.843 billion leva in the first nine months of this year, central bank figures showed.