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.
On Thursday the weather in Bulgaria will be sunny, in the afternoon over the mountainous areas with insignificant cumulus clouds. There will be a weak, in the eastern regions to moderate wind from the south-southeast. Temperatures will rise and..
Magura Cultural Center is participating in the art project ''Irenwe Wa: she speaks the regular way'', created as part of the Terminal 5 expansion at Chicago’s O’Hare International Airport. ''This installation highlights the voices of immigrant..
Bulgaria’s Prime Minister Rosen Zhelyazkov held a video conference with Ukrainian Prime Minister Yulia Svyrydenko. During the meeting, Rosen Zhelyazkov reaffirmed Bulgaria’s unwavering support for Ukraine in the context of the war. He recalled that..
"There is no control body and it is not clear who checks the sports attractions, as well as who is responsible for their use". This was..
More and more young people in Bulgaria are succumbing to the easy access to quick loans, driven by the lack of financial experience, the desire for..
The Food Safety Agency of Azerbaijan has imposed temporary restrictions on the import of certain goods from some regions of Bulgaria and Croatia due to..
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