Loans in the BGN 25-30k range most popular: BNB
10 February 2012 | 00:36 | Focus
Sofia. In 2011 demand for loans in the BGN 25-30k range was strongest, BNB stats show. The number of such debts was up 7.1% or 5, 570 more to a total of BGN 183 mln year-on-year. Loans in the BGN 50-100k range also increased, adding 2% up to BGN 57 mln in 2011 compared to 2010 levels. Credits in the BGN 500k – 1 mln range grew by 1.6% up to BGN 6.7 mln. In 2011, there were 110 retail and corporate loans (to non-financial companies) exceeding BGN 1 mln.
Raiffeisenbank: Debt crisis to weigh on our economy in the months ahead
10 February 2012 | 00:19 | Focus
Sofia. The delayed exit of the debt crisis in Europe will continue to weigh on Bulgaria’s economy in the months ahead, Raiffeisenbank’s chief economist Kaloyan Ganev concludes in a macroeconomic analysis, published by the lender. In his words, income and job insecurity, as well as fears of a new recession in the euro area are making people and companies stick to savings rather than venture into consumption and investments. According to Raiffeisenbank, Bulgaria’s economy will post a weak growth in Q4 2011. Industrial output will sl
