Lagarde Signals Potential ECB Interest Rate Cut in Summer Amidst Wage Growth Uncertainty
European Central Bank (ECB) Governor Christine Lagarde suggested on Wednesday that the ECB might implement interest rate cuts in the summer
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.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
In a significant development, the Russian army has seized control of the pivotal village of Ocheretyne in the Donetsk region of Ukraine, a strategic location crucial for Ukrainian defense efforts
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022