In the third quarter the non-performing loan rate decreased to 1.7 per cent, in line with the figures prevailing before the global financial crisis. For business lending, the decline came to a halt in the closing months of 2018 with the onset of the cyclical downturn.
Bulgaria, like any other Member State without an “opt out” clause, is expected to adopt the euro at some point in the future. As you know, the road to euro adoption is well defined and the requirements are laid out in the Treaty and the Protocol on the convergence criteria.