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.
After the parliamentary group of the ITN party returned the third mandate for forming a government unfulfilled, President Rumen Radev is continuing with the procedure of appointing a caretaker government and scheduling a seventh early parliamentary..
Bulgaria introduces mandatory disinfection of vehicles at all border crossings because of outbreaks of small ruminant plague in Northern Greece. The Bulgarian authorities have sent notification letters to all neighbouring countries..
The fires in the south-western regions of Bulgaria continue , as more than 15,000 decares of forests have already burned. The battle with the fire has been going on for two weeks and at the moment it is active only on the territory..
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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