In December 2023, Bulgarian households deposited EUR 1.15 billion. The total amount of savings reached EUR 40 billion. Bank deposits of businesses and households amount to more than EUR 63.5 billion. In December last year, people were saving instead of spending money, because consumer loans have decreased as compared to November. They amounted to EUR 8.4 billion.
However, real estate purchases continue. In December 2023, Bulgarians borrowed mortgage loans to the tune of EUR 203.5 million, bringing the total amount of mortgage loans to EUR 42.2 billion, financial expert Levon Hampartsumian said. Analysts express some concern that business lending is lagging behind household lending, which is good for consumption but increases inflation.
Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the Chaco province to Bulgaria at the beginning of November . High-ranking officials from the..
Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...
If the political crisis continues, the lost benefits will reach a threshold after which the Bulgarian business will begin to lose competitiveness due to growing deficits in education, healthcare, infrastructure, regional development and demographics...
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