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.
Kiril Petkov, co-chairman of We Continue the Change (PP), is to be tried over the arrest of GERB leader Boyko Borissov on March 17 2022 . Prosecutors submitted the charges against Petkov to the Sofia City Court two months after he voluntarily waived his..
A male black vulture, released as part of the reintroduction of the species, has managed to find a life partner, who probably comes from the black vulture colony in Dadia National Park in Greece. The new pair was spotted in the..
The facilities in Bulgarian winter resorts are working, the conditions for skiing and tourism in the mountains are good. The Mountain Rescue Service of the Bulgarian Red Cross reported to BTA that the current weather conditions may..
Kristiyan Vladov and Stefan Kyurkchiev of the Plovdiv Museum of Natural History are working on a project to bring live fish from the southern Arctic..
The one-year anniversary of the death of Russian opposition leader Alexei Navalny was marked with a memorial service in Sofia's St Nedelya Cathedral. It..
Expanding connectivity between Bulgaria and Turkiye is an investment in the development of the entire region, President Rumen Radev said at a meeting..
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