Consumer loans increased in December with almost 18%, compared to the same month in 2017, according to BNB data. This means debt of over 4.5 billion euros for households. Housing loans have risen by more than 10%. At the same time, the increase in deposit accounts growth is slowing down. The BNB has repeatedly warned that rapid credit growth could create cyclical risks that could affect future interest rate hikes.
The Council of Ministers has approved the draft of a donation agreement between the World Health Organization and Bulgaria on the provision of a voluntary contribution, amounting to EUR 100,000, in support of the activities of the organization in the..
Bulgaria’s caretaker Foreign Minister Ivan Kondov and his Albanian counterpart Igli Hasani confirmed the firm commitment of the two countries to the accelerated construction of transport Corridor 8. Romania has asked to join the construction..
Winds of up to 120 kms. per hour inflicted damage in Vratsa, the biggest town in Bulgaria’s Northwest. Dozens of reports have come in of fallen trees and branches onto vehicles and roads, damaged equipment and torn overhead cables. There were..
“It’s time to lift internal border controls now,” European Commissioner for Home Affairs Ylva Johansson believes. In an interview with RFE/RL she..
The Constitutional Court has opened a case following the request by President Rumen Radev for the amendments to the Constitution, endorsed by the 49 th..
Romania and Bulgaria have a chance to join the Schengen area by land as of January 2025 , Hungarian Interior Minister Sándor Pinter said after an..
Mostly Cloudy
Partly cloudy, chance of rain
Partly Cloudy
Partly cloudy, chance of snow