Will Bulgaria Have a Stable Government After Yet Another Election in June? Our Readers Have Spoken
On our Facebook page, readers were asked about Bulgaria's stability after the June elections
Kaufland, the biggest retail chain operating in Bulgaria, has been granted a EUR 80 M credit line by a World Bank affiliate to open 10 more branches in smaller towns.
The German hypermarket chain currently has 55 stores in Bulgaria. Business newspaper Capital Daily quotes Dimitar Spasov, Kaufland Head of food for Bulgaria, as saying the company is hoping to build 4 to 10 more over the next two to three years with money from the International Finance Corporation (IFC), and the number mostly depends on land prices.
Along with Lidl, Kaufland has seen double-digit growth in terms of market share over the course of the last few years. Across Europe, it also runs stores in Germany, Poland, the Czech Republic, Slovakia, Romania and Croatia.
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As the May holidays mark the onset of sea tourism, Bulgarians and foreigners preparing for their annual getaways are facing a stark reality: trips this year will come with a heftier price tag
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
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