For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB). In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the BNB, this is a rise of over 22%. For a year, Bulgarians have taken half a billion euros more. The share of quick loans for 2017 was EUR 1.4 billion.
For 6 years, the money distributed in the form of quick loans has increased by more than 120%. The recipients are mostly households - 70%, as they cover consumer needs with them. 91% of loans have a repayment term of more than 1 year.
The Consumer Protection Association calls on the next Parliament to adopt the measures approved by the European Parliament regulating quick loans and protecting consumers from falling into over-indebtedness, both to banks and to quick loan companies.
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..
On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB) announced. The bonds will have a maturity of 7 years and an annual interest rate of 3.25%. On..
Bulgaria is making the necessary progress towards adopting the euro, according to representatives of the European institutions whom Finance Minister Temenuzhka Petkova met with. This progress will allow Bulgaria to request extraordinary convergence..
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating..
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