The average amount of newly granted loans secured by residential real estate is steadily rising - from EUR 80 thousand in 2022 to EUR 92 thousand in the third quarter of 2023 under the influence of the price rise of residential properties. The average debt repayment period rises from 24.2 years in 2022 to 25 years in the third quarter of 2023. Longer repayment increases interest rate risk and the probability of losses, according to an analysis prepared by the BNB and cited by the web site "Pariteni".
Regional policies are needed to address imbalances in employment and economic activity levels in different regions of Bulgaria, taking into account the specificities of each region. This is the recommendation of the Council for Economic Analysis study..
The total average income per household member in the first quarter of 2024 is BGN 2,840 (EUR 1,452.07), which was an increase of 18.6%, year-on-year, the National Statistical Institute said. Wage income increased from BGN 1,284 (EUR 656.5) to BGN 1,597..
There are over one million inactive persons on the Bulgarian labour market. They don't study, don't work and are not registered with the labour offices. This "army" has huge untapped potential, National Employment Agency Director Smilen Valov said...
The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in..
According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation..
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