Send to Kindle
File photo
Bulgarians working abroad are often taking credits with the intention to pass them to family members in their home country, a media report has revealed.
The reason is that credit interests in Europe and in the US are far more favorable than in the Balkan country, the local Standard daily has pointed out.
The average mortgage interest Greece is about 4%, while it is 7.92%, the Bulgarian National Bank says, according to the paper. The difference is even bigger when it comes to consumer credits, ranging from an average of 5.7% in Europe and 12.96% in Bulgaria.
That is why Bulgarians often rely on friends or family members living abroad to secure themselves more favorable credits.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
A recent study conducted by the sociological agency "Global Metrics" on behalf of UNICEF Bulgaria and the Ministry of Health sheds light on the attitudes of Bulgarian parents towards vaccination
This marks the third consecutive election in which "We Continue the Change" and "Democratic Bulgaria" have joined forces
In a concerning revelation, the ad hoc committee investigating the activities of Gleb Myshin uncovered that over the past three to four years, a staggering 343 candidates from the Russian Federation seeking Bulgarian citizenship were discovered to have su
Bulgaria has crowned not one, but two Spelling Bee champions this year
President Rumen Radev, along with experts in winter sports and infrastructure development, has spearheaded discussions on Bulgaria's potential bid to host the 2028 Winter Youth Olympic Games
As the summer season draws near, the issue of staffing in the tourism sector in Bulgaria comes to the forefront once again, with the workforce having to depend on individuals from foreign countries for yet another year
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
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
