Around 20% of borrowers will not be able to service their loans once the moratorium on them expires, Rayna Mitkova, President of the Association of Collection Agencies in Bulgaria declared during the Sound of Money Forum. “As restrictions are eased and the Covid-19 vaccine rollout goes ahead many people will want to go back to spending money with a free hand but we must be cautious with our personal finances”, Rayna Mitkova warned in an interview for BNR’s Marta Mladenova.
“At the same time money is depreciated by inflation and negative interest,” capital markets expert Anton Panayotov on his part stated and recommended investment in assets after consulting specialists.
The political party Vazrazhdane is initiating discussions for a third vote of no confidence against the government of Prime Minister Rosen Zhelyazkov, MP Tsontcho Ganev announced. Vazrazhdane has sent invitations to two parliamentary groups – Moral,..
Roma families from Sofia's "Zaharna Fabrika" residential district, who were left homeless after their illegally built homes were demolished on April 15 this year, are launching a five-day protest. The demonstration is set to begin in the afternoon on..
A second flood in two weeks in Northwestern Bulgaria has caused damage in the villages of Lehchevo and Kobilyak. The rainfall, accompanied by large hail, reached 35 liters per square meter in just ten minutes, Lehchevo Mayor Alexander Alexandrov told..
Prime Minister Rosen Zhelyazkov has highlighted the stability of public finances as a key element on the country's path to Eurozone membership. Speaking..
In an address to the Bulgarian citizens, the Bulgarian head of state Rumen Radev has announced that he is submitting a proposal to the National Assembly..
Bulgaria is the guest of honour at the 19th edition of the International Book and Education Fair in Podgorica, which brings together literary..
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