BNB: Esily accessible loans are dangerous
If Bulgaria makes an abrupt return to the interests rates? levels of before the onset of the world economic crisis and to the extremely easy access to credits, we will end up in the current situation, commented Deputy Governor of the Bulgarian National Bank, Kalin Hristov. He added that most probably the direct foreign investments rate will never be restored to the levels of 2007, namely 30% of the GDP. Hristov believes that from now on the sustainable levels of foreign investments to Bulgaria will be considered those of 10% of the GDP. The balanced budget is extremely important, because from now on every extra percent of the fiscal deficit increases the risk premiums for Bulgaria, Kalin Hristov said further.