Beautiful House On The Seaside - ID 1832

Loan Consultant Says Time To Refinance Mortgage Loans Is Now 09/04/2008
Interest rates on mortgage loans rose for the third time since 2005 in March. More than 70 per cent of mortgage borrowers will have to pay higher instalments in April, Tihomir Toshev, executive director of Credit Center, an independent loan consultant, said at a news conference on April 7. In the past three months alone, eight of the 11 banks on Credit Center's watch have raised their interest rates on standard mortgage loans maturing in 25 years and financing up to 90 per cent of the property's value, Toshev said. Clients should consider re-negotiating or re-financing their contracts, the two opportune loan management options in such circumstances, he said. The time was ripe because international financial markets were settling down, the European Central Bank was set to... more

No Infringements In National Road Infrastructure Fund Auditors 14/03/2008
The two reports by the Finance Ministry's inspectorate on possible misuse of funds at the National Road Infrastructure Fund (NRIF), as well as the final report of the European Union Funds Audit Directorate, showed there were no infringements in the fund's operations, the Finance Ministry said on February 29. There were no unexplained expenses concerning the projects financed under EU's pre-accession infrastructure aid programme ISPA or using cohesion funds, according to the reports. At the same time, there were also no serious violations in the functioning of the fund's management and control systems. The fund's executive director Vesselin Georgiev resigned earlier this month after it emerged that a company, Binder JSV, in which his brother was on the board of... more