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 plasterboard ceiling of a wedding hall came crashing down on top of 150 guests in Kardzhali. Seven people have sustained non-life threatening injuries during the incident which took place on Monday night, among them one child. At the time of the..
A new flare-up of the big wildfire on the Greek side of Slavyanka mountain has crossed the border into Bulgaria, extending the perimeter of the fire over 120 hectares of Bulgarian territory. Heavy bulldozers are making wide clearings so as to..
More than 12,000 music fans are expected to attend the concert of Lenny Kravitz in Burgas. The event at the Marine Station in the coastal city is part of the American rock singer’s Blue Electric Light Tour. The four-time Grammy award winner is..
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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