In 2023 interest on home loans could go up by up to 5%, on consumer loans – by up to 10%, financiers say, citing the policies of the European Central Bank and the US Federal Reserve for harnessing inflation.
The rise in interest rates has affected the Bulgarian National Bank as well, and it too has raised the base interest rate to 1.3% for December. This, experts say, is a sign of the tendency that loan interest rates are going up. The average interest rate on mortgage credits is expected to reach 4-5% at the end of next year. At the moment the average home loan interest rate is 2.48%. Interest on bank deposits is also going up, though at a slower rate.
Opera stars Sonya Yoncheva and Plácido Domingo will bring to Sofia a host of opera managers and 32 young opera singers from 17 countries across five continents. From October 20 to 26, the world’s most prestigious competition for young opera singers,..
Belgium and the Netherlands will transfer seven Tripartite mine countermeasure vessels to Bulgaria free of charge, Naval News reported, citing the Belgian Ministry of Defence. The decision was approved by the Belgian government on September..
The Russian owner of the cargo ship linked to a supply of ammonium nitrate at the centre of the devastating explosion at the Port of Beirut in 2020 has been arrested in Bulgaria. Igor Grechushkin is wanted by Interpol, along with the ship's captain,..
Bulgaria is ready to down Russian drones. The Northeastern part of the country is actively being monitored, Minister of Defence Atanas Zapryanov..
Motorway Europe-A6, which is 63 kms. long, has been put into operation. Connectivity between the Orient and Western Europe is now a fact, Minister of..
In order for young people to be adequately prepared for the challenges of contemporary life and the demands of today’s labour market, education needs to..
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