Devnya Cement AD, the local cement mill owned by Italy`s Italcementi Group, said it has started its biggest investment project in Bulgaria. The company is pumping over 500 mln levs in a new cement and clinker line due for completion

The annual percentage rate (APR) on consumer loans is up by 11% in the past year, shows data of the Bulgarian central bank by the end of May 2008. The current average APR was reported at over 12% versus 10.83%

United Bulgarian bank (UBB) grossed 205.7 mln leva (105.17 mln euros) profit for 2007, up by 47.1 mln leva (24.08 mln euros), or 29.7%, compared to 2006. The net profit of the bank for 2007, which amounts to 185,111,282.90 leva

Average mortgage loan size in Bulgaria reached EUR 46,000. In order to keep monthly instalments unchanged, many recipients renegotiated their duties regarding interest rates and credit terms, The Pari Daily informed. Some even chose to pay off a considerab...

Tihomir Toshev, manager of CreditCentre, informed that since the beginning of the year, crediting in Bulgaria has been undergoing a slow decline. Growing inflation makes things even worse as, unable to afford paying the new instalments, many approved clien...