Cash Dominates Bulgarian Property Deals, Despite Growing Mortgage Market
Over 70% of property transactions in Bulgaria over the last decade have been made in cash
On Friday afternoon the management of the First Investment Bank, subjected to vicious rumours, causing panic among its depositors, came out with the following statement:
Dear customers,
As you can see, the Bank is subjected to an unprecedented criminally organized attack with rumours and malicious public statements. There is no bank in the world, which can withstand such an organized attack.
Only today (June 27) we paid off to our customers who came to the Bank, a total of over BGN 800 M.
The Bank has enough cash and various instruments, which require technological time to become available in the Bank. This is why today, (June 27) the Bank will work with customers until 3 p.m. On Saturday (June 28) and Sunday (June 29), we will not serve our customers. The Bank will open for business as usual on Monday (June 30).
We appreciate your understanding.Thank you for trusting us.
The Management.
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
Finance Minister Temenuzhka Petkova has stated that Bulgaria is ready to join the eurozone
The international rating agency Fitch has reaffirmed Bulgaria’s long-term credit rating at 'BBB' with a positive outlook
A recent large-scale online survey conducted by Tavex, involving thousands of participants engaged in gold and currency trading, has revealed that every second Bulgarian is against the country adopting the euro
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase