In Bulgaria, purchasing a 100-square meter apartment requires the equivalent of 199 monthly salaries, according to a recent study that compares real estate prices across 62 countries against average local wages. The report by BestBrokers.com identifies Denmark as the most affordable country in Europe for homebuyers relative to average income, where the average cost of…
Excise duties on most goods in Latvia will remain lower than those in Estonia even after hikes Estonia’s southern neighbor plans to put in place over the next three years, “Aktuaalne kaamera” reports. Latvia has no current plans to raise VAT, unlike Estonia, which increased that indirect tax by 2% at the start of this…
On October 1, the Ministry of Finance raised UAH 12.142 billion to the state budget at an auction for the placement of domestic government bonds. The ministry’s press service said this in a post on Facebook. “Today, the Ministry of Finance placed bonds worth more than UAH 12.1 billion,” the post reads. The Ministry of…
Ukrainian exporters increased physical sales of their goods by 36.2% YoY in January-September. In total, they exported 99.3 million tons. This was announced by Yuliia Svyrydenko, First Deputy Prime Minister of Ukraine and Minister of Economy of Ukraine. “Over the past three quarters, we have exported almost 99.3 million tons of products worth $28.9 billion,…
A sociological survey conducted by the Trend agency and commissioned by the Expert Club for Economics and Politics (EKIP) reveals that 73% of Bulgarians feel their savings have diminished due to high inflation since mid-2021. Max Baklayan, an investment expert at EKIP, explained that the proper approach to finances was to prioritize saving for future…
Young people in Bulgaria are expressing significant concerns about their financial futures, according to alarming new data. The first of its kind study, commissioned by the Association “Network for the Development of Personality and Talents” and conducted by the Trend research center, surveyed individuals aged 15 to 29, including students and those already in the…
Starting on October 1, new restrictions imposed by the Bulgarian National Bank (BNB) on housing loans took effect. Under these regulations, commercial banks are prohibited from lending more than 85% of the property’s market value. Additionally, the maximum repayment period for mortgage loans is capped at 30 years, and borrowers’ monthly installments cannot exceed 50%…