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.
75.3% of Bulgarians identify themselves as Orthodox, 9.9% as Muslim and 11% as not religious. 59.5% say they believe in God and 27.5% do not. The rest are undecided. A fifth of respondents say they frequently attend religious services. These are..
GERB leader Boyko Borissov announced that he is extending a hand to the parties from the former assemblage to seek an option of governance after the elections, the BNR’s reporter Daniel Inkov informed. Boyko Borissov emphasized that pragmatism in..
Before the start of the new school year, the ''Give a Book'' Foundation is collecting notebooks, plimsolls, pencil cases and backpacks filled with school supplies for homes for children deprived of parental care. For 14 years, the foundation 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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