House For Sale - ID 640

Expect Economic Crisis In Bulgaria 14/04/2008
The Bulgarians should be extremely moderate in their desire to invest because objective economic difficulties are piling over the country. This claimed in an interview for Nova TV Dimitar Ivanov, former economic counselor of president Parvanov, member of the Economic council to the president. He forecast serious difficulties for the bank system in Bulgaria. According to the famous economist Bulgaria is at the age of the second big financial crisis within the last 11 years if urgent political and economic measures are not taken. We are witnessing two very serious things at the moment – for the first time it becomes clear that the oligarchy model of the power, created in the last 18 years, cannot continue functioning, emphasized Ivanov. The expert pointed out that the oligarchy model... more

Bulgarians Took Over 2,5 Billion Eur Loans For One Year 06/06/2008
For a period of one year Bulgarians took 5,213 billion BGN (2,5 billion EUR) new loans. This was announced after data of Bulgarian National Bank (BNB). The growth in loans (residential, mortgage and consumers) for citizens and households by the end of April 2008 is 56%. The mortgage credits are overtaking the consumer ones, and if three years ago their part was 26,5% from the allocated for citizens and households loans, currently is almost 46%. The annual jump of consumer loans by the end of April this year is more than 52%, and those of firms - over 56%. The mortgage credits in Bulgaria by the end of the spring month are slowly increasing - 61%, compared to the 77% growth last year. more