The first long-anticipated tenders for construction of Bulgaria& rsquo;s Trakiya motorway will be held in the autumn, said construction minister Rosen Plevneliev. The 115-kilometre road linking the eastern towns of Stara Zagora and Karnobat should be completed in the autumn of 2012, he said. The min...
Business, home loan defaults zoom over 30% M/M
2009-07-24
Overdue housing loans have ballooned by 37.5% on the month in June 2009, outpacing all other segments, according to the latest figures of the Bulgarian National Bank (BNB). Bad and restructured corporate loans spiralled by a second-fastest 30.5% and the consumer segment recorded an 18.7% increase. H...
Bulgaria housing stock inches up in 2008
2009-07-06
Bulgaria& rsquo;s housing inventory increased by a paltry 0.1% in 2008 from the previous year, showed figures of the National Statistical Institute (NSI) released on Friday. Last year the country had 2.13 million home buildings containing 3.76 million residential units. The data includes numbers fro...
Bulgaria loan rates creep up after brief cool-off
2009-06-26
After leveling off and even edging lower for two months, interest rates on consumer and housing loans in Bulgaria turned around in May to top 13.96% and 10.39%, respectively. The increase was triggered by higher rates on term deposits, which hit 8.23% for levs and 6.73% for euro, showed figures of t...
Bulgaria& #039;s new construction, sales bounce back
2009-06-11
In a sign that the Bulgarian economy has started to curb the decline, sales revenue surged by 5.2% month-on-month in April, with retail and wholesale gaining 3% and 6.7%, respectively, showed the latest numbers of the National Statistical Institute (NSI). On the year, however, sales diminished by mo...