Simeon Djankov: Next 3-4 Months Will Be Hard for Bulgaria
"Three or four difficult months are in store for the Bulgarian economy.
The Bulgarian National Palace of Culture (NDK) in downtown Sofia is to become a public company, the country's Council of Ministers decided Wednesday.
NDK will be a state company, initially within the Ministry of Finance, Finance Minister Simeon Djankov has explained. It will stay within the Ministry until a financial audit covering its last 10 years is carried out.
NDK is the largest multifunctional congress, conference, convention and exhibition center in Southeastern Europe. It was opened in 1981 and has an area of 123,000 m? on eight floors and three underground levels.
Curiously, more than 10,000 tons of steel were used for the construction of the NDK - 3,000 more than the Eiffel Tower.
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New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion
Amidst the backdrop of Bulgaria's dynamic real estate landscape, all eyes are on the potential impact of the country's imminent entry into the Eurozone
This information was shared during the presentation of data on the current state of the market to journalists
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