Sofia Celebrates Its 146th Anniversary as the Capital of Bulgaria
April 3, 2025 marks 146 years since Sofia was officially declared the capital of Bulgaria
Foreign direct investment for January 2014 increased by EUR 58.3M, compared to an increase of EUR 70.8M for January 2013, according to Bulgaria’s National Bank preliminary data.
The other capital, net (the change in the net liabilities of the direct investment enterprise to the direct investor on financial loans, suppliers’ credits and debt securities) was positive, amounting to EUR 32.8M in January 2014, compared to a negative other capital, net of EUR 105.8M in January 2013, the BNB reports.
Based on preliminary data on profit/loss, the Reinvested Earnings (the share of non-residents in the undistributed earnings/ loss of the enterprise) in January 2014 were estimated at EUR 12.3M, against EUR 13.5M in the same period of 2013.
By country, the largest direct investments in Bulgaria in January 2014 were those from British Virgin Islands (EUR 19.8M) and from the Netherlands (EUR 18.4M).The largest net negative flows for the period were towards France (EUR -9.5M).
According to preliminary data in January 2014 Direct investment abroad increased by EUR 12.3M, compared to an increase of EUR 17.1M in January 2013.
With the tourist season now underway and the first waves of visitors arriving at the Northern Black Sea resorts, employers are once again facing a familiar and worsening challenge
Although converting leva into euros may appear straightforward - just divide by the fixed rate of 1.95583 - reality brings far more complexity
The Bulgarian National Bank will stay the course with its conservative and stability-oriented monetary policy even after the country enters the eurozone
The demand for euros in Bulgaria has surged by about 50%
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