Send to Kindle
In 2015, interest in lending returned. Last year and this year it was the strongest, caused by a fall in interest rates. For mortgage loans, interest rates are between 2.75% and 3.3%, which is historically low. This is commented by the credit consultant Tihomir Toshev on BNT.
In consumer lending, most countries in Europe have higher interest rates than Bulgaria.
Just over BGN 100,000 is the average growth of a mortgage loan in the country. Over 130,000 BGN is the average mortgage loan in the capital, given the higher property prices in Sofia.The risks are to overestimate our capabilities.
The growth of deposits is very serious - almost BGN 55 billion is currently in the banks. Because of low interest rates and high inflation, we are losing some of our savings, which means we are thinking of other investment options, he said.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Amid escalating tensions between Israel and Iran, the Bulgarian government is closely monitoring the situation and stands prepared for the potential evacuation of Bulgarian citizens
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
In a recent meeting of the European Council, Acting Prime Minister Dimitar Glavchev underscored Bulgaria's unwavering support for Ukraine amidst discussions surrounding the fight against disinformation and foreign manipulation of information
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
In a testament to enduring friendship, this year marks the 75th anniversary of the establishment of diplomatic relations between Bulgaria and China
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
