Business » Finance

Bulgaria Will Not Fulfill the Criteria for the Euro by the June Report

According to Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), Bulgaria will not meet all the requirements for joining the Eurozone by the time the convergence report is released in June

Business » Finance | May 14, 2024, Tuesday // 11:57 | Viewed: 2914

Bulgarian National Bank Initiates Trial Minting of 8 Million Euro Coins

The Bulgarian National Bank (BNB) has initiated a trial minting process for 8 million euro coins, as announced by BNB Governor Dimitar Radev during a conference on the euro's introduction

Business » Finance | May 14, 2024, Tuesday // 10:31 | Viewed: 1545

Eurozone Doubt: Nearly Half of Bulgarians Skeptical of Standard of Living Impact

A recent national survey conducted by the Market Links agency reveals that nearly half of Bulgarians, constituting 47% of respondents, hold reservations regarding the anticipated benefits of Bulgaria's adoption of the euro

Business » Finance | May 10, 2024, Friday // 10:11 | Viewed: 2035

Is Bulgaria Ready to Join the Eurozone?

Bulgaria's aspirations to become the 21st member of the Eurozone have sparked discussions regarding the country's economic readiness, as well as its political and institutional preparedness

Business » Finance | May 8, 2024, Wednesday // 10:38 | Viewed: 2422

ECB Calls for Revisions to Bulgarian Euro Adoption Law: Compliance Concerns Surface

The European Central Bank (ECB) has weighed in on Bulgaria's draft Law on the adoption of the euro, signaling the need for revisions to ensure alignment with European regulations

Business » Finance | May 8, 2024, Wednesday // 09:00 | Viewed: 1891

Misinformation Surrounding Croatia's Inflation Stirs Eurozone Concerns in Bulgaria

A wave of misinformation regarding Croatia's inflation rates has sparked concerns about the potential consequences of adopting the euro in Bulgaria

Business » Finance | May 7, 2024, Tuesday // 15:38 | Viewed: 3616

Bulgaria Trailing behind in AI Development despite EU Financial Backing

Artificial intelligence is changing the world’s economic and political landscapes, pushing every country to increase their AI investments.

Business » Finance | May 4, 2024, Saturday // 07:19 | Viewed: 1459

Time's Up: Last Call for Tax Returns in Bulgaria

As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns

Business » Finance | April 30, 2024, Tuesday // 11:02 | Viewed: 2811

Bulgaria's External Debt Reaches €44.4 Billion: National Bank Report

Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024

Business » Finance | April 29, 2024, Monday // 16:03 | Viewed: 2096

Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook

Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook

Business » Finance | April 27, 2024, Saturday // 11:35 | Viewed: 3758

Bulgaria's Poverty Reality: One-Fifth Below the Line in 2023

The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households

Business » Finance | April 26, 2024, Friday // 15:42 | Viewed: 2594

Bulgaria's Euro Adoption Likely Postponed: Entry Date Shifts to Second Half of 2025

Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025

Business » Finance | April 25, 2024, Thursday // 12:13 | Viewed: 5786

Bulgaria Sees Surge in Lamb Prices as Retail Costs Rise

The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10

Business » Finance | April 24, 2024, Wednesday // 12:54 | Viewed: 3549

65.3% of Bulgarian Workers Earn Below Subsistence Level

According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify

Business » Finance | April 23, 2024, Tuesday // 10:54 | Viewed: 2149

Bulgaria's Eurozone Entry Likely Delayed to 2026 Amid Disinformation and Economic Challenges

Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026

Business » Finance | April 22, 2024, Monday // 13:32 | Viewed: 4213

Rising Trend: Bulgarians Abroad Send Increasing Amounts of Money to Home Country

February witnessed a surge in remittances from Bulgarians residing abroad, reaching a remarkable EUR 110.5 million, marking the highest value since last July

Business » Finance | April 22, 2024, Monday // 11:03 | Viewed: 2119

Finance Minister Reveals: Bulgaria's Fiscal Reserve Stands at BGN 10.9 Billion

Amidst financial fluctuations and strategic fiscal decisions, Bulgaria's Minister of Finance, Lyudmila Petkova, unveils the nation's robust fiscal reserve, standing tall at BGN 10.9 billion as of April 18th

Business » Finance | April 22, 2024, Monday // 09:02 | Viewed: 1874

Sofia Exceeds Average Income Levels in Europe

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

Business » Finance | April 19, 2024, Friday // 10:43 | Viewed: 7237

Bulgaria's Eurozone Entry Postponed: Central Bank Governor and Ex-Economy Minister Sound Alarm

Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges

Business » Finance | April 19, 2024, Friday // 08:10 | Viewed: 4638

Bulgarian Household Incomes Offset by Inflation in 2023

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.

Business » Finance | April 18, 2024, Thursday // 15:08 | Viewed: 2440

Report Shows Bulgarians Have Doubled Their Wealth in a Decade

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

Business » Finance | April 18, 2024, Thursday // 14:40 | Viewed: 2630
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