The national Bank issues a warning about a cheap mortgage

The national Bank issues a warning about a cheap mortgage

The head of the national Bank of Belgium Jan Smets said that Belgian banks should be aware of the risks associated with the issuance of mortgage loans with very low interest rates. Without wishing to overestimate the situation, Mr. Smet said that it made banks vulnerable. Banks know that customers that take out mortgages are very loyal. Consequently, they try and lure potential customers with low mortgage interest rates. However, the Governor of the National Bank warns that “I think that we have a healthy real estate market, but there…

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Take-off time for Air Belgium

Take-off time for Air Belgium

Today is a historic day for Belgian aviation. At 2:10pm Air Belgium’s first commercial flight to Hong Kong will take off from Charleroi (also known as Brussels South) Airport in Hainaut Province. It will be the first ever commercial long-haul flight to take off from what is Belgium’s second busiest passenger airport. The launch of Air Belgium’s service has been a long time coming. At the beginning of last year the airline’s CEO Niky Terzakis unveiled his plans for the long-haul service that was to have been launched last summer….

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Europe cuts agricultural spending: 3.87 billion euros for Belgium

Europe cuts agricultural spending: 3.87 billion euros for Belgium

Belgium has been allocated 3.872 billion euros in the proposed European Union (EU) 2021-2027 budget for the common agriculture policy (CAP), presented on Friday by the European Commission. This amount, which came as no surprise, is lower than the sum of just over 4 billion euros earmarked in the last budget programming. The Commission had announced in early May that the CAP budget would be reduced by 5% to offset the loss of the United Kingdom’s contribution as a result of Britain’s withdrawal from the EU, Brexit, and to conduct…

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