For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB). In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the BNB, this is a rise of over 22%. For a year, Bulgarians have taken half a billion euros more. The share of quick loans for 2017 was EUR 1.4 billion.
For 6 years, the money distributed in the form of quick loans has increased by more than 120%. The recipients are mostly households - 70%, as they cover consumer needs with them. 91% of loans have a repayment term of more than 1 year.
The Consumer Protection Association calls on the next Parliament to adopt the measures approved by the European Parliament regulating quick loans and protecting consumers from falling into over-indebtedness, both to banks and to quick loan companies.
We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute for Market Economics, told BNR. In presenting the institute's alternative state budget, the..
Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting of the Bulgarian Minister of Economy Petko Nikolov with Ambassador of India to Bulgaria H.E. Sanjay Rana. The two focused..
On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech Republic in Sofia, in the presence of Martin Dvořák, Minister of European Affairs of the Czech..
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