Stability Reigns: Sofia Real Estate Market Thrives Despite Uncertain Times
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
The Bulgarian Constitution will be amended by June to enforce the provisions of the new Financial Stability Pact, announced PM Boyko Borisov Sunday.
"I hope for the support of all political parties to the Financial Stability Pact, which will turn Bulgaria into a respected and highly trustworthy state," said Borisov in an interview for Nova TV.
The so-called Pact, envisioned by Minister of Finance Simeon Djankov includes three main pillars, to be enforced by constitutional and legislative amendments:
- introducing a limit to the budget deficit (2%);
- restricting the power of the state to redistribute public funds (40% of GDP);
- introducing a qualified majority (2/3) vote in Parliament to change Bulgaria's tax legislation.
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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
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
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
February witnessed a surge in remittances from Bulgarians residing abroad, reaching a remarkable EUR 110.5 million, marking the highest value since last July
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022