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Bulgaria average APR on housing loans at 10 per cent

The Bulgarian central bank reported on July 28 that the APR on new housing loans stood at 9.72 per cent at the end of June, up from 9 per cent in February.

The average APR on consumer loans has added 1.21 per cent year-on-year to 11.96 per cent.

In June, the rates on new consumer loans ticked up 1.38 percentage points to an average of 10.80 per cent while the rates on outstanding loans fell 0.11 percentage points to 11.03 per cent.

The cost of new housing loans increased by 0.41 percentage points to 8.81 per cent, just shy of parity with the rate on outstanding loans which added 0.31 percentage points to 8.94 per cent.

The average cost of corporate loans of up to 1 mln euro has risen 1.27 percentage points over the past year to 10.73 per cent, while the rate on credits in excess of 1 mln euro was reported at 9.74 per cent, up 1.83 percentage points year-on-year.

The average rate on deposits with agreed maturity is reported at 5.20 per cent, up 1.79 percentage points in a year.

Household deposits yield 5.33 per cent on average.

Read the full story on Dnvenik.bg

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Thursday, December 04 2008

Expat of the Week

RosieP

I really enjoy walking and can't wait to move into my little house in Bulgaria! read more

What`s on in Bulgaria

Cultural Institutes

  • Save the planet, and Bulgaria
    What: A film by American director Tom Jackson, this tells the story of how petrol corporations damage the environment without reinvesting any funds to offset it.
    When: December 10, 6pm
    Where: Czech Centre 100 G. S. Rakovski Str, Sofia

Art

  • Buy yourself a little painting
    What: Victoria auction house organises its 15th auction of the works of classic Bulgarian and European painters.
    When: December 10, 6pm
    Where: Sredets Hall in Sheraton Hotel, Sofia
  • ALLA GEORGIEVA, LOVE AND EVIL MINDS
    What: This is the first solo exhibition by Alla Georgieva since 2003. Born in Ukraine, the artist lives and works in Sofia.
    When: Until December 20
    Where: ARC Projects, 90 Vitosha Blvd, fourth floor, Sofia
  • ARTCHITECTURA
    What: Known as a successful graphic artist, with this solo exhibition Robert Barumov reveals a new dimension to his talent, that of a painter.
    When: Until December 12
    Where: Gallery Paris, 8 Parizh Str, Sofia
  • THE WORLD OF IVANKA SOKEROVA
    What: Ivanka Sokerova (1926-1993) is a little known artistic figure of admirable stoicism, working only with her left hand, the artist creates ceramic pieces, collages, drawings and writing.
    When: Until December 15
    Where: Sariev Gallery, 40 Otets Paisii Str, Plovdiv
  • FROM YOUR DAUGHTER WITH LOVE
    What: Until December 20
    When: Iva Yaranova has titled her exhibition Happy Birthday, Mom.
    Where: 16a Iskur Str (entrance from Budapeshta Str), Sofia

Museums

  • Archaeological treasures
    What: A private archaeological collection of special value will be on display for the enjoyment of guests and residents of Bulgaria's Black Sea capital. The treasures belong to the brothers Bobokovi, from Rousse, who had been collecting items for 20 years.
    When: Until April 2009
    Where: Varna Archaeological Museum, 41 Maria Louisa Blvd, Varna
  • SIEMENS TECHNOLOGY AND ART
    What: The theme of this exhibition is 130 years of Siemens in Bulgaria, intertwining historical periods with development of the local art scene. Works by Bulgarian contemporary artists such as Ivan Moudov, Boryana Pandova and Krassimir Terziev are displayed.
    When: Until December 14
    Where: Sofia City Art Gallery, 1 Gurko Str, Sofia