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.
The Bulgarian National Radio and the Bulgarian Academy of Sciences have signed a Memorandum on the basis of which they will cooperate and carry out joint initiatives to promote the academy's scientific activities and research. The..
At today's meeting, the Supreme Judicial Council officially resumed the procedure for electing a new chief prosecutor. The election is scheduled for January 16, 2025, and candidates must present their concepts until October 24...
At a Bulgarian-Chinese business forum in Sofia, President Rumen Radev pointed out the advantages of the business environment in Bulgaria and the availability of highly qualified specialists. "Every car manufactured in Europe has..
Bulgaria ranks second in the world in terms of bread consumption after Turkiey, reported BNT citing the Turkish news site Yenigün. According to the..
Before the start of the new school year, the ''Give a Book'' Foundation is collecting notebooks, plimsolls, pencil cases and backpacks filled with school..
With the votes of GERB, We Continue the Change (PP-DB) and the Movement for Rights and Freedoms (DPS), Parliament decided to extend by 180 days the..
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