Home > Bulgarian Sports > Bank loans in Bulgaria to Grow 4.4% in 2009

Bank loans in Bulgaria to Grow 4.4% in 2009

Bank loan growth in Bulgaria in 2009 will be 4.4%, forecast the managing partner in PriceWaterhouseCoopers, Bojidar Neychev.
The slowing down of growth compared to last year is 58.5% but unlike Western Europe, Bulgaria still expects some growth from the provided loans.
Bulgaria will recover from the crisis easier and more quickly thanks to its less developed economy, the expert explained. 
Savings in Bulgaria measured against the GDP are 15% while in Central and Western Europe this percent is rather lower – like in Great Britain where savings amount to 1% of the GDP. 
The Chinese and Romanian economies do better in this aspect with respectively 45% and 23% of the countries’ GDP.
The foreign investment due to enter Bulgaria will be half the last year’s amounts but still much more than the investments in the well developed economies.
Natalia Malcheva

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