Главен редактор
  • проф. д-р Христина Николова
Редакционен съвет
  • проф. д-р Христина Николова, УНСC
  • проф. д.с.н. Елка Тодорова, УНСС
  • проф. д.н. Мая Ламбовска, УНСС
  • доц. д-р Тодор Недев, УНСС
  • доц. д-р Дорина Кабакчиева, УНСС
  • доц. д-р Паскал Желев, УНСС
Научен секретар
  • доц. д-р Александър Вълков, УНСС
  • ас. д-р Веселина Любомирова, УНСС
Международен редакционен съвет
  • Damian Stantchev, PhD
    Edinburgh NAPIER University, UK

  • Ivaylo Vassilev, PhD
    University of Southampton,UK

  • Prof. Irina Kuzmina-Merlino, PhD
    Transport and Telecommunication Institute, Riga

  • Milan Zdravkovic
    University of Niš, Serbia

  • Prof. Niculae Mihaita, PhD
    Bucharest Academy of Economic Studies, Romania

  • Prof. Ricardo Jardim-Gonçalves, PhD
    UNINOVA institute, New University of Lisbon, Portugal

  • Prof. Ing. Jaroslav Belás, PhD
    Tomas Bata University in Zlín, Czech Republic

  • Prof. John Rijsman, PhD
    Tilburg University

  • Prof. Ing. Zdenek Dvorák, PhD
    University of Zilina, Slovak Republic

  • Prof. Zoran Cekerevac, PhD
    “Union – Nikola Tesla” University in Belgrade, Serbia

The Impact of Covid-19 Pandemic on Interest Rates in Bulgaria
Научни трудове на УНСС - Том 2/2021
година 2021
Брой 2

The Impact of Covid-19 Pandemic on Interest Rates in Bulgaria


The current paper aims to track the movement of interest rates and volumes for 2020 in Bulgaria. The observed interest rates include those of deposits and loans. As the pandemic caused by Covid-19 started in the beginning of February, 2020 the data used in this paper includes the period January-November 2020. Because of the short period regression analysis is not prepared but comprehensive analysis of large set of data is done.  The main results show that there was a change in deposit and loan market in Bulgaria. The interest rates in the local and euro currency show different volatility as well as the interest rates on households and non-financial corporations deposits. Inflation fell as, did the yield of government debt securities whilst indebtedness in the euro area increases. 

JEL: G21

Ключови думи

interest rates, COVID-19, pandemic, loans, deposits
Свалете RP_vol2_2021_No11_D Miteva.pdf

ISSN (print): 0861-9344
ISSN (online): 2534-8957