Text size

BNB expects economic growth, investments in real estate continue

published on 2/26/24 10:44 AM

Photo: archive

The Bulgarian National Bank (BNB) expects the trend towards a slowdown in economic growth to stop. In the first half of 2024, the Bulgarian economy is expected to grow supported by the improved prospects for external demand for Bulgarian goods and services, writes the quarterly "Economic Review".

The Bulgarian National Bank indicates that fiscal policy remains pro-inflationary due to an increase in social payments and the maintenance of budget deficits.

"In 2023, the annual growth of loans to households has remained very high, especially in housing lending. The main factors for growth continue to be rising incomes, low interest rates on housing loans, which are actually negative, and households' preferences to buy real estate properties as alternative investments or savings," the BNB also reported.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy bank loans Bulgarian National Bank economic growth

More from category

Financial Supervision Commission: The assets of private pension funds have reached EUR 13 billion

The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year. As of September 30, 2024, the number of..

published on 11/21/24 5:30 PM

Bulgarian economy registers upsurge, yet unevenly distributed over different regions

There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..

published on 11/19/24 11:51 AM

More than EUR 1 billion to be allocated for agriculture and the development of local economies

More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..

published on 11/17/24 10:07 AM