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 Wednesday, minimum temperatures in Bulgaria will range from zero to 5° C., for Sofia around zero. There will be fog in some parts in the lowlands in the morning. During the day there will be clouds with no significant precipitation, the clouds..
Judge Vladislava Tsarigradska of the Pleven District Court received the grand prize "Person of the Year" of the Bulgarian Helsinki Committee. She grabbed the award for her active work in exposing unregulated relations and dependencies in the..
A scheme for tax crimes through the use of documents with false content about carrying out fictitious deals with fuel exempt from excise duty has been busted. The avoided payment of excise duty is over 4.8 million EUR. The company, which was..
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..
On Tuesday, the weather will be predominantly cloudy with rain, more significant precipitation is in the forecast for Eastern Bulgaria. The..
The Sofia Regional Health Inspectorate has reported the country's second case of monkeypox this year, registered last week.The infected person is 37..
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