Send to Kindle
Interest rates on deposits for the businesses are on the rise, according to the latest data of the Bulgarian National Bank.
For business loans up to BGN 1M, the average interest rate in BGN increased by 0.21% in March 2014 to 7.11%, but those in EUR dropped by 0.25% to 6.52%. For business loans over EUR 1M, the average interest rate increased by 0.53 percentage points to 6.53% in BGN and by 0.51 percentage points to 7.67% for those in EUR.
In March 2014, the average interest rate on BGN overnight deposits declined by 0.04% to 0.29% and on EUR overnight deposits–by 0.04% to 0.25%. On an annual basis, the average interest rate on BGN overnight deposits declined by 0.01% to 0.68% in March.
In March 2014, compared to March 2013, the average interest rate on BGN consumer loans increased by 0.46% to 11.60% and on those in EUR – by 0.04% to 9.33%. It declined by 0.32% to 6.64% on BGN loans for house purchases and on those in EUR – by 0.22% to 7.09%. The average interest rate on BGN loans for house purchases decreased by 0.20% and that on EUR loans for house purchases – by 0.29%.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a recent announcement, the Bulgarian National Bank has confirmed that the base interest rate for February will stand at 3.79%, maintaining the status quo from January. This decision follows a marginal reduction of 0.01% made in December 2023
European Central Bank (ECB) Governor Christine Lagarde suggested on Wednesday that the ECB might implement interest rate cuts in the summer
A significant shift is on the horizon for Bulgaria's financial landscape as the Bulgarian National Bank (BNB) gears up for its integration into the Eurozone by January 1, 2025
Representatives from several banks attending the "My Money" Expo have forecasted an increase in interest rates on household loans within the next six to twelve months
The European Central Bank raised its key interest rate to a record high of 4% on Thursday, but with the Eurozone economy stagnating, signaled that this was likely to be its last move in its more than year-long fight against inflation
However, the cost of loans for current consumption is increasing by 1% for July compared to June
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
February witnessed a surge in remittances from Bulgarians residing abroad, reaching a remarkable EUR 110.5 million, marking the highest value since last July
Amidst financial fluctuations and strategic fiscal decisions, Bulgaria's Minister of Finance, Lyudmila Petkova, unveils the nation's robust fiscal reserve, standing tall at BGN 10.9 billion as of April 18th
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
