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.
At the start of the harvest season, Yanislav Yanchev, the Deputy Minister of Agriculture , predicted that the wheat would be of good quality. The country continues to maintain a stable position as a grain producer. The domestic market is secure and..
The base interest rate in Bulgaria is decreasing to 1.91% as of July 1, announced the Bulgarian National Bank. The base interest rate is dropping by 0.16% compared to the previous month, when it stood at 2.07%. Thus, the base interest rate will be..
In 2025, Bulgarian tourism maintains sustainable growth despite global challenges. According to analysts, a record number of foreign visitors is expected in the coming months as a result of stable international markets and the..
After the controversial success of the "Green Deal" and carbon emission quotas, which made electricity in Europe much more expensive..
This year will be the last in which Bulgarians receive their income in leva. In what currency will people declare their money to the tax authorities..
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