Foreign Interest Surges in Bulgarian Property Market, Especially in Resorts
Real estate agents have reported a surge in property purchases by foreigners in Bulgaria's resorts and major cities like Sofia, Plovdiv, Varna, and Burgas
Bulgarian Finance Minister Vladislav Goranov announced on Friday that the revenue collected for January could exceed that for the same month last year by between BGN 400 and 500 M.
Goranov said that in case this happens, it will be the first time to record a budget surplus in the month of January since 2009.
The Finance Minister explained that the revenue collection was improving due to the joint efforts of the government authorities and the prosecution.
Goranov expects that in January the revenue from the customs will exceed that collected for the same month in 2014 by about BGN 200 M.
According to him, this would be the result of the actions taken on uprooting all malpractices in the customs.
Asked whether pensioners will be provided with Easter bonuses, Goranov answered that it was too early to estimate, but analyses were being conducted.
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Starting from January 1, 2025, Bulgaria aims to raise its minimum wage to at least BGN 1,080 (EUR 552), a significant increase from the current BGN 933
Bulgaria’s prospects for joining the euro in 2025 have been bolstered by a cooling annual inflation rate, which dropped to the eurozone average of 2.4% in April, marking its first dip below 3% since the summer of 2021
In April, inflation across the European Union remained steady, with both the EU and the Eurozone recording a rate of 2.6% and 2.4%, respectively, according to data from Eurostat, the official statistics agency of the EU
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU