Bulgaria will not be able to join the Eurozone at the beginning of 2024, because it has not adopted three crucial bills and does not meet the inflation criterion. According to experts, the country may adopt the single currency in mid-2024 at the..
In its winter economic forecast, the European Commission gives a better economic outlook for Bulgaria than it did in its autumn report. Overall, real GDP is estimated to have increased by 3.9% in 2022, instead of the expected 3.1%. In 2023, real..
“Inflation in Bulgaria is much higher than the average in Europe. It is a matter of time for the prices to start turning back,” Minister of Economy in the caretaker cabinet Nikola Stoyanov said for the BNR. Wholesale prices are calming..
Bulgaria has become a factor in the Balkans and Europe through partnerships that strengthen economic and energy security. They are in the interest of our neighboring countries, partners and allies in the EU and NATO, said Bulgarian President Rumen..
The war in Ukraine is putting the world economy to the test, and UN experts are presenting an outlook for 2023 with the slowest growth rate in a decade. For Bulgaria the outlook is for a slowdown of growth from the expected 3% for 2022 down to..
The expenses of Bulgarian households have risen dramatically. For a year, the sum needed for a family of three to cover the cost of living has increased by about BGN 366 (185 euros) and the necessary net monthly income reaches BGN..
EUR 1,243 per month is the income a family with a child under 14 needs to cover the cost of living, shows data of the latest survey of the largest trade union in Bulgaria- the Confederation of Independent Trade Unions in Bulgaria (CITUB)...
In December, annual inflation in Bulgaria stabilized at the November level of 16.9%, according to the data of the National Statistical Institute. On a monthly basis, however, there is an increase in consumer prices by 0.9% compared to November...
Croatia prepares for Euro switch amid soaring inflation Croatia has started to adjust of a large number of its ATMs to the new currency, as part of the preparations for the introduction of the euro on January 1 2023. All 4,000 ATMs in..
The two biggest trade unions in Bulgaria- the Confederation of Independent Trade Unions in Bulgaria (CITUB) and the Confederation of Labor Podkrepa are dissatisfied with the minimum wage increase. The minimum monthly salary is to increase from EUR..
