Loan Interest Rates to Stay Stable as Bulgaria Transitions to the Euro, Says Expert

Paradigma de interes

Loan interest rates in Bulgaria are expected to stay stable even after the transition to the euro , with monthly payments simply shifting from levs to euros. Credit consultant Tihomir Toshev told bTV that the switch will be gradual and smooth, causing little disruption to borrowers. According to Toshev, banks have been preparing for the euro adoption for about two years and are fully ready to handle the change. He assured that new loans starting from January 1 next year won’t see significant