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.
The annual growth of Bulgaria's gross domestic product will remain above 3% in the period 2025-2027 , according to a report by commercial credit insurer Allianz Trade, BTA reports. According to Allianz this means that the Bulgarian economy will become..
With the introduction of the euro on January 1, Bulgaria will benefit from the stability, liquidity and all the advantages of the common currency, European Central Bank President Christine Lagarde said in an interview with public service..
The Ministry of Innovation and Growth has presented the country’s first interactive investment map . The platform aims to provide Bulgarian and foreign investors with useful and up-to-date information in one place, making it easier for them to make..
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