Of course and in Bulgaria on overdue payments may be charged interest rate. How can we determine these rates? Is there a formula?
Statutory interest is due when the debtor is in default. Bulgarian law determines when the debtor has fallen into default. It is different for the various types of commitments.
When the day [...]
The three measures of Djankov will make a bank’s interests clearer not lower.
Linking interest rates only with SOFIBOR and YURIBOR will do interest more transparent, but is unlikely to reduce them.
The idea was launched yesterday by Deputy Prime Minister Simeon Djankov and provoked numerous comments financiers and experts.
Deputy Governor of BNB Rumen [...]