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.
The National Council for Tripartite Cooperation discussed the draft budget for 2025. The trade unions and some of the employer organizations expressed their support for the proposal. According to Kancho Stoychev, Deputy Chair of the..
Bulgaria's position on Syria remains unchanged and we continue to support the sovereignty, independence and territorial integrity of the country. This was what caretaker Minister of Foreign Affairs Ivan Kondov told the parliament...
Thanks to the improved conditions for operating civil flights in the airspace of Israel, the national carrier is restoring its flights to and from Tel Aviv, starting from December 26. Flights on the regular route of "Bulgaria Air" to..
The decision to scrap Schengen border checks by land for Bulgaria and Romania has been included as the first item on the agenda of the EU Justice and..
Democratic Bulgaria has issued a position stating that an attempt must be made to form a government within the current parliament so as to avoid one..
On Tuesday, the weather will be predominantly cloudy with rain, more significant precipitation is in the forecast for Eastern Bulgaria. The..
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