Urgent reform of Bulgaria's planning districts is needed, local authorities insist.The current regionalization shows increasing economic imbalances in terms of EU grant assistance. The problem is particularly severe in the Southwestern region, which includes Sofia city. According to the EU cohesion rules, when a region's GDP per capita reaches 100% of the EU average, the regions receive 30% co-financing for EU programs.
In the Southwestern region, due to Sofia's indicators, the coverage is 100%. Transitional regions, with a GDP between 75% and 100% of the EU average, receive 60% grant aid, while underdeveloped regions receive 85%. In Sofia city, the GDP per capita is close to 130% of the EU average, which affects the neighboring districts – Sofia District, Pernik, Kyustendil and Blagoevgrad, where the coverage is between 54% and 31%. The bundling of these districts with the capital city limits their access to EU funds.
The Celestial Empire, the “world’s factory”—that is China, the globe’s second-largest economy. The Asian powerhouse is actively expanding its economic reach worldwide, with the Belt and Road Initiative as the apogee of these efforts, through which..
The demand for employees increased by 5% in August, or by over 1,700 more offers compared to July, one of the largest HR companies in Bulgaria reported to BTA. But on an annual basis there is a decline of 7% , or by 3,100 offers. The "Trade..
In the second quarter of 2025, Bulgaria recorded the second-highest GDP annual growth in the European Union with a rise of 3.4% compared to the same period last year, according to Eurostat data. Compared to the previous quarter of 2025, Bulgaria..
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