Bulgaria Cuts Student Loan Interest from 7% to 3% to Support Education
Bulgaria’s Parliament has approved changes to the Law on Lending to Students and Doctoral Students, reducing the interest rate on student loans from 7% to 3%
Half of Bulgarian Borrowers Not Informed of Mortgage Loans Terms
Business | April 15, 2014, Tuesday // 12:07
- Tweet
Send to Kindle
File photo.
Some 46 % of Bulgarians lack information as to how interest rates on their mortgage loans are calculated, according to expert Ivan Stoykov.
Loan frauds are common, however in some cases consumers are the ones to be blamed as they are not interested enough in the credit terms, Stoykov told Bulgarian National Radio.
According to a survey of the financial website MoitePari.bg, 44% of borrowers believe that their interest rate is fixed for the entire term of the loan, although such a product is not available at all.
A total of 42% of the polled are not interested in mortgage loans, which is a curious trend, senior analyst Ivan Stoykov said.
Stoykov notes the positive tendency of an increasing financial literacy among consumers who choose to turn to credit consultants for advice and recommendations when applying for loans.
Related Articles:
ECB Keeps Rates Steady to End 2025, Signals Caution for 2026
The European Central Bank (ECB) concluded its final monetary policy meeting of 2025 without changing key interest rates, in line with market expectations
Loan Interest Rates to Stay Stable as Bulgaria Transitions to the Euro, Says Expert
Loan interest rates in Bulgaria are expected to stay stable even after the transition to the euro
Euro Adoption in Bulgaria Won’t Affect Loan Conditions
The introduction of the euro in Bulgaria will not lead to changes in loan or deposit interest rates
ECB Cuts Interest Rates Again Amid Slowing Eurozone Inflation and Growth Concerns
The European Central Bank (ECB) has cut interest rates again as inflation in the Eurozone slows and economic growth falter
Interest Rates on Existing Bulgarian Mortgages Begin to Rise
Interest rates on existing mortgage loans in Bulgaria are beginning to rise
Bulgaria’s Exports to EU Decline in 2025 as Imports Continue to Rise
Bulgaria recorded a decline in exports to European Union countries in 2025, while imports from the bloc continued to rise, according to data from the National Statistical Institute (NSI).
Middle East War Begins to Affect Bulgaria’s Tourism: Industry Hopes for Domestic Tourists
The ongoing war in the Middle East is beginning to cast a shadow over Bulgaria’s tourism sector, with early signs already visible in reservations for the upcoming summer season.
Bulgarian Farm Output Rises Amid Falling EU Prices in Late 2025
In the final quarter of 2025, farm gate prices for agricultural products across the European Union declined by nearly 1.9% compared to the same period in 2024, according to Eurostat
Bulgaria: Rising Fuel Prices Drive Consumers to Stock Up
Fuel prices at wholesale bases, which supply both gas stations and agricultural producers, continue to rise steadily, prompting increased activity at fuel outlets across Bulgaria
OMV Petrom Enters Bulgarian Black Sea with 25% Stake in Khan Tervel Gas Block
OMV Petrom has announced that it will join the consortium exploring the offshore Khan Tervel gas block in the Bulgarian sector of the Black Sea, marking a significant expansion of its footprint in a region of growing strategic importance for Europe’s ener
Fuel Prices in Bulgaria Continue Upward Trend, Diesel Leads the Increase
Fuel prices in Bulgaria have continued to rise sharply over the past week, according to data from the Fuelo platform, as reported by BTA.
