Household debt in Bulgaria has been growing faster than wealth, according to the annual Allianz Global Wealth Report. By the end of last year the total household debt had reached 31 billion euros, up by 18% on the year. In recent years, household lending, especially mortgage lending, has registered significant increases. Bulgarians, however, are still...

Debts of Bulgarian households are increasing at the most rapid pace since the years before the global financial crisis, according to the latest Allianz Global Wealth Report. According to the study the liabilities of Bulgarian households in 2023 increased by 13.6% compared to the previous year.  At the same time, the net financial assets (shares,...