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.
Membership in the European Union and Bulgaria’s upcoming adoption of the euro on January 1, 2026, are supporting the country’s institutions and governance stability, but corruption remains a significant challenge, according to the latest country..
The government has submitted to Parliament a draft bill to amend and supplement the Law on the Introduction of the Euro in Bulgaria. The proposed changes aim to improve the regulatory framework related to the dual display of prices for goods and..
The ratio of government debt to gross domestic product (GDP) in EU countries rose to 81.8% at the end of the first quarter of 2025 , up from 81% at the end of the fourth quarter of 2024. This is according to the latest data published today by the European..
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