For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB). In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the BNB, this is a rise of over 22%. For a year, Bulgarians have taken half a billion euros more. The share of quick loans for 2017 was EUR 1.4 billion.
For 6 years, the money distributed in the form of quick loans has increased by more than 120%. The recipients are mostly households - 70%, as they cover consumer needs with them. 91% of loans have a repayment term of more than 1 year.
The Consumer Protection Association calls on the next Parliament to adopt the measures approved by the European Parliament regulating quick loans and protecting consumers from falling into over-indebtedness, both to banks and to quick loan companies.
Sofia is the best city in Europe to retire to, according to a survey by the business solutions company Moneypenny, Forbes writes. The survey takes into account factors such as average cost of living, retirement savings needed, and a variety of..
The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..
All non-household consumers will be compensated for the high cost of electricity by the end of the year, the government has decided. The European..
Overcast, rain
Mostly Cloudy
Cloudy