In December 2023, Bulgarian households deposited EUR 1.15 billion. The total amount of savings reached EUR 40 billion. Bank deposits of businesses and households amount to more than EUR 63.5 billion. In December last year, people were saving instead of spending money, because consumer loans have decreased as compared to November. They amounted to EUR 8.4 billion.
However, real estate purchases continue. In December 2023, Bulgarians borrowed mortgage loans to the tune of EUR 203.5 million, bringing the total amount of mortgage loans to EUR 42.2 billion, financial expert Levon Hampartsumian said. Analysts express some concern that business lending is lagging behind household lending, which is good for consumption but increases inflation.
According to the Institute for Market Economics , today marks the so-called Tax Freedom Day , reported BNR’s correspondent Natalia Ganchovska. This is the day on which taxpayers stop working to pay their taxes and start working for..
“Bulgaria’s accession to the euro area will have a positive impact on the economy, the people, the business sector and the whole country”, said Minister of Economy Petar Dilov in an interview with public service broadcaster BNT. ''On January 1,..
The Association of Bulgarian Tour Operators and Travel Agents (ABTTA) expects tourism growth in Bulgaria to slow down due to the unfavourable economic situation in many of its source markets. It is not yet clear what effect Bulgaria's accession to the..
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