As of October 1, the BNB has tightened the criteria for banks when granting mortgage loans. The central bank's decision comes after an analysis that shows significant credit growth in the segment and its acceleration in the second quarter of the year. The measure is preventive.
The ratio between the amount of the loan secured by residential real estate and the value of the collateral at the time of granting should not be higher than 85%, the BNB decided. The ratio between the amount of current payments in connection with servicing the debt and the borrower's monthly income at the time of granting should not be higher than 50%. The maximum term under the loan agreement should not be longer than 30 years. The requirements come into force from the beginning of next month and are valid for banks and foreign branches, the BNB specifies.
“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are the motors which can boost the economy, but the fact there is no regular government is an obstacle..
Bulgargaz has reported record interest in its tender for the supply of LNG to the Alexandroupolis terminal for January and February 2025. All nineteen bidders met the criteria set by the company and have been approved to participate in the next..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times . The deal is expected to be announced by the end of..
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