Bulgaria Evacuates 11 Citizens from Jordan, Prepares for Operations in Israel and Iran
A group of 11 Bulgarian citizens who requested evacuation have safely departed from Jordan
Politics | June 16, 2025, Monday // 10:16
Majority of Bulgarians Wary of Bank Loans - Poll
- Tweet
Send to Kindle
Bulgarians are cagey about bank loans, a recent poll shows, file photo
Over 58% of all Bulgarians would never take a bank loan regardless of its terms, according to a recent study.
The poll has been conducted by the Institute for Economic Research at the Bulgarian Academy of Sciences (BAS) among 1 000 Bulgarians of voting age between August 1 and September 10, 2013.
Up to 75% of the respondents have said bank interest ratees and fees are too high, while 84% state at the same time that they can no longer slate money for savings.
The share of default loans of Bulgarian households is 19-20% in 2013, compared to just 5-6% in 2009.
30% of the "bad loans" are in Sofia and 42% - in regional cities.
The overall trend is for Bulgarians to delay consumer expenses; try to save as much as they can; repay old debt, and steer away from new loans, which makes bank crediting a shrinking factor for economic growth, according to experts.
Related Articles:
What Bulgarians Ate and Drank 150 Years Ago
What did Bulgarians eat and drink 150 years ago
Halkidiki, Thessaloniki, Kavala: Bulgarian Property Interest Soars in Greece
Bulgarians are stepping up property purchases in Northern Greece
At Least 20 Bulgarians Might Leave Harvard After Trump Visa Crackdown
The Trump administration has launched a sharp attack on elite universities, beginning with Harvard
Politics | May 24, 2025, Saturday // 11:08
Kaja Kallas Calls on North Macedonia to Advance EU Talks While Bulgaria’s Role Remains Crucial
EU High Representative for Foreign Affairs and Security Policy, Kaja Kallas, has urged North Macedonia to advance the necessary steps to begin EU membership negotiations
North Macedonia's PM Rejects More Constitutional Amendments Without Bulgarian Reciprocity; EU: No Plan B
North Macedonia’s Prime Minister Hristijan Mickoski made it clear at a press briefing in Skopje alongside European Council President Antonio Costa that constitutional changes to include Bulgarians won’t happen without tangible progress from Bulgaria
Inflation Rises Slightly in Bulgaria, Falls Across the Eurozone
Inflation in Bulgaria recorded a slight uptick in May 2025
Bulgaria Takes on Another 300 Million Leva in Domestic Debt After Eurozone Green Light
Bulgaria has secured an additional 300 million leva in debt from the domestic market, according to the results of the latest government securities auction held by the Bulgarian National Bank (BNB)
Alarming: Sharp Surge in Bulgaria’s External Deficits Signals Growing Financial Vulnerabilities
In April 2025, Bulgaria recorded a current account deficit of 724.9 million euros, marking the largest monthly shortfall since January 2022
Could Bulgaria Face a 'Greek Scenario' After Adopting the Euro?
With Bulgaria set to adopt the euro on January 1, 2026, questions are surfacing about whether the country might face financial risks similar to those that led to Greece’s debt crisis
Bulgaria’s Euro Shift Begins: Shops Start Showing Leva and Euro Prices Before Deadline
The introduction of dual pricing in leva and euro is progressing smoothly and, in some cases, even ahead of the planned timeline in Bulgaria
Bulgaria’s Inflation Ticks Up in May: What's Driving the Price Pressure?
Annual inflation in Bulgaria accelerated slightly in May, reaching 3.7%
