Although the general trend in lending interest rates in Bulgaria was downward in October, mortgage rates turned to monthly growth after falling for the past four months, central bank data showed. Such an increase was seen in the average rate for new mortgage loans in EUR, which reached 7.9% in October, up from 7.43% in August. Still, the levels remain considerably below the ones seen following the outbreak of the crisis in 2008. The government has already called banks to alleviate lending terms in order to give impetus to consumption and economic growth. When compared to end-2011, the tendency is for falling interest rates in all loan categories. |
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more