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Bulgaria Guarantees Bank Deposits up to BGN 100,000

Date: 18.11.2008

Law amendments reading that the Bulgarian state guarantees bank deposits of up to BGN 100,000 (51,000 EUR) go into effect Monday.

In addition to personal deposits, now the deposits of pension funds in Bulgaria are also guaranteed.

European finance ministers agreed early October to raise the minimum guarantee of bank deposits to 50,000 euros across all EU member states as a measure to address the global financial crisis.

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