Nearly 40% of Bulgarians Unable to Save, Indebtedness Rising
According to recent data from the Trend Research Center, shared during the "Personal Finance" event by Money.bg, 38% of Bulgarians are unable to set aside any savings
Bulgaria's households increased their bank savings by BGN 138 in May, shows data of the Bulgarian National Bank (BNB).
This is about three times less than the money saved in April, which had reached BGN 371 M.
Since January 2014 the households' savings grew by a total of BGN 1.356 B and as of the end of May the total reached BGN 39.062 B.
It posted a 10.6% increase year-on-year.
BNB notes a slight increase in the household credits. The money lent to the private citizens has reached BGN 18.61 B, which is a 0.3% year-on-year. The consumer credits reached BGN 7.335 B in May. In the same month the home mortgages amounted to BGN 8.887 B.
In the first quarter of 2025, the 20-BGN banknote has overtaken the 100-BGN note as the most frequently counterfeited denomination in Bulgaria,
According to recent data from the Trend Research Center, shared during the "Personal Finance" event by Money.bg, 38% of Bulgarians are unable to set aside any savings
Bulgarians may begin exchanging their lev for euros if the upcoming convergence report
In July, Bulgaria’s eurozone entry plans will be definitively clarified
Bulgaria has successfully met the price stability criterion required for entry into the eurozone
Bulgaria is in a very strong initial position to join the eurozone
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