New Bulgarian Loan Restrictions Take Effect, Impacting Homebuyers
Starting today, new restrictions imposed by the Bulgarian National Bank (BNB) on housing loans will take effect
Bulgaria’s Exchange Bureaus to Fall Under Scrutiny
Business | June 30, 2014, Monday // 13:16
- Tweet
Send to Kindle
Photo by BGNES
Bulgaria’s National Revenue Agency will conduct an extensive nation-wide checkup of currency exchange bureaus.
The reason for the tightened control is the upcoming summer tourist season, when the frauds increase.
According to the law, currency exchange bureaus operate at an exchange rate within 5% of the one fixed by the Bulgarian National Bank (BNB).
One of the most common schemes is to switch the numbers of the rates between what is shown outside and inside the bureau, with many clients failing to spot the difference and thus being cheated.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
Bulgarian National Bank Urges Caution as Mortgage Loans Surge by 25.5%
According to the Bulgarian National Bank (BNB), the expansion of mortgage loans continues as banks in Bulgaria report an increase in housing credit
Housing Loan Contracts via Credit Intermediaries Reach 8,533 in Bulgaria
In the first half of 2024, a total of 8,533 consumers secured housing or mortgage loans through credit intermediaries
Stricter BNB Regulations in Bulgaria Restrict Home Loans for 10% of Low-Income Applicants
Approximately 10% of individuals who previously qualified for home loans will no longer be eligible under new regulations set by the Bulgarian National Bank (BNB)
Bulgarian National Bank Predicts Continued Economic Growth and Inflation Deceleration
The Bulgarian National Bank (BNB) anticipates a gradual slowdown in annual inflation during the second half of the year, as outlined in Issue 2 of its quarterly publication
Can Bulgaria Meet Eurozone Inflation Requirements?
The Bulgarian National Bank (BNB) has revised its economic forecast for Bulgaria, adjusting expectations for inflation
Manager Talks: Nikolay Bachvarov on Leadership, Team Motivation and Market Resilience at Baumit Bulgaria
Novinite.com and Novinite.bg are excited to launch "Manager Talks," a series featuring interviews with leading managers and business leaders sharing insights and strategies for business management in Bulgaria
Business | October 3, 2024, Thursday // 13:02
Bulgaria's Real Estate Market: 199 Salaries Needed for a 100 sq.m. Apartment
In Bulgaria, purchasing a 100 sq.m. apartment requires the equivalent of 199 monthly salarie
Bulgargaz Blocks Accounts of Toplofikatsia Sofia Amid Ongoing Debt Crisis
Bulgaria's state gas supply company, "Bulgargaz," has once again blocked all accounts belonging to the municipal heating company, "Toplofikatsia Sofia"
Turkish Conglomerate Acquires Canadian Gold Mining Projects in Bulgaria
Canadian company Velocity Minerals, which oversees various gold and copper mining projects in Bulgaria, including Rozino and Iglika, has announced the sale of its Bulgarian assets to the Turkish conglomerate
Majority of Bulgarians Report Decreased Savings Amid Inflation Surge
A sociological survey conducted by the Trend agency and commissioned by the Expert Club for Economics and Politics (EKIP) reveals that 73% of Bulgarians feel their savings have diminished due to high inflation since mid-2021.
Kristalina Georgieva: Bulgaria Still Has a Path to Eurozone Entry in 2025
Bulgaria still has a chance to join the Eurozone next year, according to Kristalina Georgieva, managing director of the International Monetary Fund
