The Bulgarian National Bank (BNB) in its economic analysis forecasts a significant raise in interest rates on loans and deposits. The biggest increase in interest rates is expected to be in the fourth quarter of this year and the first half of next year. The BNB experts' prognosis is based on the European Central Bank's tightening of monetary policy.
By the second half of 2023, the BNB expects interest rates on deposits and loans to stabilise at higher levels, in line with market forecasts for money market interest rate dynamics in the euro area.
In the first quarter of 2024, the gross domestic product (GDP) grew by 1.8% compared to the same period in 2023 . The first forecasts were for a growth of 1.7%, according to data of the National Statistical Institute. The GDP..
The perception of the level of corruption in Bulgaria remains very high, Geoff Gottlieb, Senior IMF Regional Representative for Central, Eastern and Southeastern Europe said. From an institutional point of view, the reduction in the level of..
Bulgarians own real estate in 64 countries around the world. This is shown by data of the National Revenue Agency, provided to the "24 Chasa" daily. By April 30, 2024, 3,604 Bulgarian citizens have declared they own real estate..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate..
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