Text size

BNB expects economic growth, investments in real estate continue

published on 2/26/24 10:44 AM

Photo: archive

The Bulgarian National Bank (BNB) expects the trend towards a slowdown in economic growth to stop. In the first half of 2024, the Bulgarian economy is expected to grow supported by the improved prospects for external demand for Bulgarian goods and services, writes the quarterly "Economic Review".

The Bulgarian National Bank indicates that fiscal policy remains pro-inflationary due to an increase in social payments and the maintenance of budget deficits.

"In 2023, the annual growth of loans to households has remained very high, especially in housing lending. The main factors for growth continue to be rising incomes, low interest rates on housing loans, which are actually negative, and households' preferences to buy real estate properties as alternative investments or savings," the BNB also reported.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy bank loans Bulgarian National Bank economic growth

More from category

Ministry of Transport plans to launch concession procedure for Plovdiv Airport

A concession award procedure for Plovdiv Airport is planned, Deputy Premier and Minister of Transport and Communications Grozdan Karadjov said at a meeting with aviation industry representatives. Minister Karadjov emphasized that he supports the idea..

published on 2/17/25 6:07 PM

The turnover of retail chains dropped by almost 29% on the day of the boycott

Bulgaria’s Minister of Finance Temenuzhka Petkova said that the turnover of large retail chains in Bulgaria decreased by 28.8% on the day of the boycott compared to the previous day, reported BTA. Temenuzhka Petkova took part in the meeting on..

published on 2/15/25 2:22 PM

The average salary in Sofia is EUR 1732, according to NSI

The highest average salary in Bulgaria is in Sofia - 1732 euro, and the lowest in Smolyan - 826 euro. These are the data from the National Statistical Institute (NSI) for December 2024. Because of the salaries in the capital, the average salary in..

published on 2/14/25 2:48 PM