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The Ukrainian parliament greenlights the purchase of two Russian nuclear reactors from Bulgaria

The Ukrainian parliament has authorized the purchase of two Russian nuclear reactors from Bulgaria, Euractiv reports. The energy committee of the Ukrainian parliament greenlighted the purchase of two old Russian nuclear reactors to expand the..

published on 1/17/25 10:44 AM

Bulgaria has met the Eurozone inflation standard in 2024

Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%.  Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..

published on 1/15/25 11:50 AM

Unions and businesses protest against hike in industrial electricity prices

Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in..

published on 1/9/25 1:13 PM

Eurozone entry could bring benefits for Bulgarian businesses and economy

Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..

published on 1/8/25 11:37 AM
Dobromir Ganev

A 100 square meter apartment in Bulgaria costs 199 average monthly salaries

In 11 district cities in Bulgaria, 1 square meter of residential space costs under EUR 1,000. In 13 district cities, the price ranges from EUR 1,000 to EUR 1,400. In Sofia and Varna, 1 square meter of residential space costs EUR 2,400, National Real..

published on 1/6/25 10:10 AM

Bulgarian company awarded with gold license for investment project in Egypt

On the last day of last year, the Egyptian Minister of Investment and Foreign Trade Hassan al-Khatib awarded a total of nine gold licenses at a ceremony at the General Agency for Investment and Free Zones, which was also attended by the Bulgarian..

published on 1/3/25 1:24 PM

Expected deficit at the end of last year exceeds €3 billion

Based on preliminary data, the Finance Ministry expects a deficit of around BGN 6.1 billion ( €3.11 billion), or 3% of the projected gross domestic product (GDP), at the end of 2024. "Estimates suggest that the deficit will show an improvement..

published on 1/3/25 9:24 AM

Which currencies will be most sought after by Bulgarians in 2024?

The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..

published on 1/2/25 3:08 PM

Improved business climate recorded at the end of December

The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..

published on 12/31/24 9:53 AM

2025 portends difficult survival for businesses against the backdrop of political instability and foreign policy challenges

The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..

updated on 12/30/24 1:16 PM