The Governing Council of the Bulgarian National Bank (BNB) has ordered banks in the country to apply a minimum set of 6 indicators for monitoring credit standards when granting and renegotiating loans secured by residential real estate. The aim is to preserve liquidity buffers in the banking system amidst significant credit growth, particularly in mortgages, BNB said.
The annual growth rate of mortgage loans has increased from 10.1% at the end of 2020 to 19.9% at the end of 2023, reaching a total of EUR 3 billion. Banks have not loosened the regime for granting such loans and should not do so, the central bank's report said. The total amount of deposits at the end of 2023 is EUR 73.5 billion, with the deposit growth for the last four years being more than EUR 25 billion.
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..
The Bulgarian state-owed natural gas supplier Bulgargaz has proposed that the price of natural gas for November increases by around 8% to nearly 66 BGN per megawatt-hour, excluding fees and taxes, reported BNR's journalist Yuliana Kornazheva. The..
The growth of the national economy in the second quarter of 2025 accelerated by 3.5% on an annual basis. According to an analysis by the Bulgarian National Bank - BNB, the main factors for the acceleration are the decrease in imports..
The Bulgarian state-owed natural gas supplier Bulgargaz has proposed that the price of natural gas for November increases by around 8% to nearly 66 BGN..
The growth of the national economy in the second quarter of 2025 accelerated by 3.5% on an annual basis. According to an analysis by..
The Ministry of Innovation and Growth has presented the country’s first interactive investment map . The platform aims to provide Bulgarian and foreign..
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