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.
Overnight it will be clear. The wind will die down in most areas. After midnight along the Danube River, in lowlands and near rivers fogs will form and visibility will be reduced with low clouds. Minimum temperatures will be between minus 3°C and 2°C,..
The ambassadors of the EU Member States have reached a preliminary agreement on the draft decision to abolish checks at internal land borders for Bulgaria and Romania. This is planned to happen on January 1, 2025. The decision is expected to be finally..
Shopping malls in Sofia and across the country will increase the number of security guards where needed. Additional panic buttons are also to be put in place if retailers wish, the Bulgarian Retail Association said. Groups of suspicious persons will be..
According to unofficial information, the Hungarian Presidency of the Council of the EU has drafted a decision for the full admission of Bulgaria and..
The first marble statue discovered in the ancient city of Heraclea Sintica on 3 July, is probably of Lucius – grandson of Roman Emperor Octavian..
The Bulgarian Hotel and Restaurant Association (BHRA) presented its annual awards for professional achievements in the field of tourism. The Bulgarian..
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