In 2023 interest on home loans could go up by up to 5%, on consumer loans – by up to 10%, financiers say, citing the policies of the European Central Bank and the US Federal Reserve for harnessing inflation.
The rise in interest rates has affected the Bulgarian National Bank as well, and it too has raised the base interest rate to 1.3% for December. This, experts say, is a sign of the tendency that loan interest rates are going up. The average interest rate on mortgage credits is expected to reach 4-5% at the end of next year. At the moment the average home loan interest rate is 2.48%. Interest on bank deposits is also going up, though at a slower rate.
A record number of participants from Bulgaria and abroad are expected to take part in the tenth anniversary edition of the Tarnovo Ultra Bike and Trail in Veliko Tarnovo, announced the organizers from the sports club “Brown Team”. The..
Participants from North America, South America, Europe, Asia and Africa have registered for the Sara-Nora Prima international ballet competition and the academy, which will take place simultaneously in Burgas. "The mission of the competition is..
On Saturday , cloudiness will be significant, in many places with rainfall, intense and significant in quantity in the central regions. The lowest temperatures will be between 2° and 7°C and the highest will be between 10° and 15°C...
Energy Minister Zhecho Stankov attended the tenth edition of the Delphi Economic Forum in Greece. "Bulgaria is a reliable partner in the region's energy..
As an EU member state and a NATO ally, Bulgaria is an active participant in solidarity initiatives aimed at strengthening our deterrence and defense..
Testing of the sectional average speed control system began today. The tests are being conducted by the National Toll Authority in cooperation with the..
Overcast, rain
Cloudy