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The average mortgage loan drawn in Bulgaria topped 46,300 euro in May, showed data of CreditCenter. It was 41,000 euro a month before. The increase is backed by consumers getting used to the higher interest rates and the rise in property prices in some areas. Source: Pari, P4 Be FIRST, get all the latest NEWS about Bulgaria Property Market! Enter your E-mail to receive our Weekly Reports Enter your E-mail to receive our Daily Reports ShareThis

The Terminal is a 2004 film directed by Steven Spielberg and stars Tom Hanks and Catherine Zeta-Jones. An Eastern European visitor becomes a resident of a New York airport terminal when a war breaks out and erases his country from the map, voiding his passport. He makes friends with the airport staff and falls in love with a flight attendant. The language which Hanks' character speaks in the film is "Krakozhian". It is supposedly close to or a dialect of Russian to the point of mutual understanding, but is actually slightly-accented literary Bulgarian. Author: EBC85 Keywords: Tom Hanks Terminal Bulgaria Bulgarian Added: July 25, 2008

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Bulgarians have taken the largest percentage of foreign-currency loans in the world, Erste Banks said in a report. Local experts say that euro-denominated loans are more popular than those in levs despite the higher price because the foreign currency in considered more stable. Lending in Bulgaria zoomed more than 80 pct in 2007 compared to 2006, according to the report. Companies have taken 77 pct loans. Further increases are expected this year. For instance, mortgage lending is seen up by a whopping 88 pct due to the construction boom and the relatively lucrative interest rates. Yet banks are expected to further tighten lending requirements and hike rates over the coming years. Source: Netinfo (27/06) Be FIRST, get all the latest NEWS about Bulgaria Property Market! Enter your E-mail to receive our Weekly Reports Enter your E-mail to receive our Daily Reports ShareThis

The growth of the Bulgarian banking sector is fueled by increasing mortgage lending showed a report of research company RNCOS. Over one-third of the loans Bulgarian banks gave out in 2006 were spent on home purchases. Mortgage lending is seen swelling by 88 pct in the period 2007 to 2010. From 2004 to 2006 it surged 87 pct due to the market liberalization and the low interest rates, PR Minds explained. The Bulgarian housing sector has been thriving in the past years as banks offer numerous housing loan opportunities. The property sector generated over 40 pct of the foreign capital in Bulgaria. In 2007 it attracted 26 pct more investments then the previous year. The steady pace will keep up trough 2008 according to RNCOS. Source: Monitor(28/06), P9 Be FIRST, get all the latest NEWS about Bulgaria Property Market! Enter your E-mail to receive our Weekly Reports Enter your E-mail to receive our Daily Reports ShareThis

Bulgarian Raiffeisenbank had given 1.63 bln levs worth of loans to small and medium companies by March 2008, up 64.6 pct year-on-year. The bank has fully absorbed a 15 mln euro credit line from KfW which has funded 569 investment projects worth 19.9 mln euro. Interview - Sixty Percent of Bulgarians Keep Savings in Banks, Says Societe Generale Expressbank Saving Products Manager Anna Koedjikova. Competition on the Bulgarian saving products market is intensifying all the time bringing a wider range and a higher return for customers. On the other hand, Bulgarians are improving their financial awareness and tightening their requirements for banking products. Thirdly, the growing living standard, the high confidence in the banking system and the rapid growth of client numbers are giving a boost and deposits. Customers have been lately withdrawing from some riskier alternative investment products such as real estate and the stock exchange. This has helped household deposits gain some 30 pct in the year to March 2008. Therefore the Bulgarian market offers more potential for attracting people s savings. Bulgarians keep some 60 pct of their savings in banks compared to only 25 pct for the other EU countries. This will increase the popular mutual funds, insurance and pension insurance. The tight reserve requirement imposed by the central bank is also impacting on the market. Source: Dnevnik, PIX Be FIRST, get all the latest NEWS about Bulgaria Property Market! Enter your E-mail to receive our Weekly Reports Enter your E-mail to receive our Daily Reports ShareThis

Bulgaria's centuries old rose oil industry is used by perfumiers such as Chanel and Dior Author: bbcworldnews Keywords: BBC News Bulgaria turns from guns to roses Added: July 24, 2008

The growth of the Bulgarian banking sector is fueled by increasing mortgage loans, showed a report of research company RNCOS. Over one-third of the loans Bulgarian banks gave out in 2006 were spent on home purchases. Mortgage lending is seen swelling by 88 pct in the period 2007 to 2010. From 2005 to 2006 it surged 87 pct due to the market liberalisation and the low interest rates. PR Minds explained. The Bulgarian housing sector has been thriving in the past years as banks offer numerous housing loan opportunities. The property sector generated over 40 pct of the foreign capital in Bulgaria. In 2007 it attracted 26 pct more investments than the previous year. The steady pace will keep up through 2008, according to RNCOS. Source: Econ.bg Be FIRST, get all the latest NEWS about Bulgaria Property Market! Enter your E-mail to receive our Weekly Reports Enter your E-mail to receive our Daily Reports ShareThis

Bulgaria Property price for the first half of 2008 (1 EUR = 1.95 BGN) Please read Bulgaria Property Index, for important notes and facts. Be FIRST, get all the latest NEWS about Bulgaria Property Market! Enter your E-mail to receive our Weekly Reports Enter your E-mail to receive our Daily Reports ShareThis

MKB Unionbank and DSK Bank will give a syndicated loan for the construction of Grand Mall, the biggest shopping center in the coastal city of Varna. The project will take in 129 mln euro. Source: Capital, P50 Be FIRST, get all the latest NEWS about Bulgaria Property Market! Enter your E-mail to receive our Weekly Reports Enter your E-mail to receive our Daily Reports ShareThis

With the inflation hovering around us as much as 15 pct, there is no fund, deposit or another asset that does not promise a higher interest rate. Deposit interest rates are gliding up and banks are offering an annual return of 6.0 pct (with various strings attached). Shares on the Bulgarian Stock Exchange have been plunging for as long as nine months and the main indices are 40 pct below their peaks. The property market in Bulgaria is showing signs it would be more selective and experts do not write off the possibility for stagnation or even fall of the prices in certain segments. Financial experts themselves are at a loss as to what is best to invest in. Capital weekly invited some of the leading banks and brokerages to offer specific investment portfolios that can beat the inflation rate. The ECB recently raised it s key rate by 0.25 points to 4.25 pct for the first time since the start of the crisis. This is impacting on the Bulgarian banking market, where the race is tightening for resources are foreign parent companies are batting liquidity problems. The rates of euro-denominated loans and some 1.0 percentage point lower than those of local-currency loans. And yet neither is enough to cover the inflation. But for the crisis, the growth is giving the developing markets an edge. Most analysts agree that the emerging markets will suffer milder consequences from the crisis than the USA and the UK. For instance, Raiffeisen Capital Management, which runs 39 mln euro worth of assets, says the eurozone s GDP will slump to 1.7 pct and edge down to some 7.0 pct from last year in the emerging markets. Source: Capital, P12-13 Be FIRST, get all the latest NEWS about Bulgaria Property Market! Enter your E-mail to receive our Weekly Reports Enter your E-mail to receive our Daily Reports ShareThis

The EC has suspended aid to Bulgaria worth hundreds of millions of euros amid concerns about corruption. Author: bbcworldnews Keywords: BBC News Bulgaria to lose EU funds Added: July 22, 2008