At the end of 2022, Bulgarians kept over EUR 36 billion in banks, an increase of 8.2% compared to 2021. But the number of households’ bank deposits has gone down by 2% within the space of a year, and they are now almost 8.9 million. 55% of these deposits are for sums up to EUR 500, the average being EUR 85. 7.22% of the people with deposits have sums up to EUR 2,500, Bulgarian National Bank statistics show. 290,000 depositors or 4% own almost half of the money kept in banks. In 2022, households in Bulgaria have taken out a total of 3 million loans totaling almost EUR 18 billion, more than 70% of the credits being for sums up to EUR 2,500. This means there are a great many Bulgarians who are running into debt to be able to cater for their daily needs, comments Lyubomir Kostov, chief economist of the Confederation of Independent Trade Unions in Bulgaria.
Economic freedom in Bulgaria continues to decrease, according to the latest published research of the Institute for Market Economics, conducted jointly with the Fraser Institute, based in Canada. In the Economic Freedom of the..
The new political season has barely dawned yet various protest actions are taking place every day in front of the parliament building. Today, 19 September, miners and energy workers are blocking the centre of Sofia. The protest is organized by the..
"Lukoil Neftohim Burgas" will fulfill its commitment to switch to non-Russian oil processing, company representatives said at a meeting with Bulgarian Prime Minister Nikolai Denkov. They discussed the deadlines for this before the..
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