As of October 1, the BNB has tightened the criteria for banks when granting mortgage loans. The central bank's decision comes after an analysis that shows significant credit growth in the segment and its acceleration in the second quarter of the year. The measure is preventive.
The ratio between the amount of the loan secured by residential real estate and the value of the collateral at the time of granting should not be higher than 85%, the BNB decided. The ratio between the amount of current payments in connection with servicing the debt and the borrower's monthly income at the time of granting should not be higher than 50%. The maximum term under the loan agreement should not be longer than 30 years. The requirements come into force from the beginning of next month and are valid for banks and foreign branches, the BNB specifies.
Natural gas prices are expected to decrease by around 2% in September, according to a forecast by Bulgargaz. This is clear from the request submitted to the Energy and Water Regulatory Commission (EWRC). The company informs that next month, the..
The unemployment rate in Bulgaria stood at 5.41% in July, the National Employment Agency says. 152,844 is the number of unemployed persons registered last month, and 14,542 started work. An increase in the number of job vacancies has been..
The total quarterly income on average per person in a household in the second quarter of 2024 was 1,644.32 EUR and increased by 20.5% compared to the same period in 2023 , NSI data show. At the same time, the average three-month..
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