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.
Caretaker Minister of Energy Vladimir Malinov has started another round of renegotiation of the agreement with the Turkish gas transmission operator BOTAŞ. On Wednesday, he met with his Turkish counterpart Alparslan Bayraktar in Istanbul. On..
Without discussion and debates, the parliament adopted conclusively the Law on the Introduction of the Euro in Bulgaria. 1 67 MP from GERB-SDS, the Movement for Rights and Freedoms (DPS) and We Continue the Change-Democratic Bulgaria voted in..
Paul Cameron from London has turned out to be the one millionth passenger for 2024 at Burgas Airport, and his landing turned into a real celebration, BNT reported. He and his wife Cindy arrived on a charter flight from Gatwick Airport and were..
The traditional swim across the Danube River near Silistra will take place at 9:00 am on August 10. Those wishing to participate can register just..
The National Assembly Defence Committee has given the green light for acquiring the German IRIS-T SLM air defense missile system. The bill was adopted..
There is a high probability that this would be the last regular meeting of the Council of Ministers, caretaker Prime Minister Dimitar..
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