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.
From July 28 to August 3, the town of Blagoevgrad (Southwestern Bulgaria) will host the 32nd edition of the prestigious International Mathematics Competition for University Students. Over 550 participants from 143 universities in 52 countries,..
A total of 85 folk ensembles from across the country will participate in the "Sparks from the Past" festival, which will take place in the mountain town of Apriltsi on July 26 and 27. The open-air stage for the performances will be set up at..
On Saturday, it will be sunny and even hotter. In the afternoon, clouds will form over the mountainous regions of Western Bulgaria, and by the evening, also in the northwestern areas. Isolated thunderstorms and rain showers are expected in some..
From July 28 to August 3, the town of Blagoevgrad (Southwestern Bulgaria) will host the 32nd edition of the prestigious International Mathematics..
Partly cloudy, chance of rain
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