Bulgaria's Tourism Struggles to Diversify Beyond Traditional Offerings
Bulgaria continues to lag behind neighboring countries in achieving significant growth in its tourism sector
Bulgarians got by EUR 20 B richer since 2004, shows an analysis of the UniCredit Bulbank on the households' financial assets.
In 2004 the Bulgarians had a little over EUR 7 B in bank deposits, stocks and other financial instruments. By the end of the year they would reach over EUR 26.9 B. Last year the assets were a total of EUR 24.94 B.
Eighty-two percent of them were in bank deposits, the rest was in stocks, mutual and pension funds and insurances. The forecast for next year is the total sum to reach EUR 28.8 B.
Debts, however, are also on the rise. In 10 years they increased five-fold – from EUR 2.3 B in 2004 to EUR 10.3 B this year. Forty-five percent of them are home mortgages, the remainder – consumer credits.
Estimates show that as of 2014 the net financial wealth of the Bulgarian households is EUR 17 B – the difference between assets and debts. The net growth in 10 years reached EUR 12 B.
The analysis of UniCredit Bulbank, quoted by the 24 Chasa daily, shows that Bulgarians are the poorest in Central and Eastern Europe. For comparison, the wealth of the households in Croatia was EUR 41.87 B, in Romania – EUR 48.6 B, Slovaika – EUR 46.6 B, the Czech Republic – EUR 118.4 B, Poland – EUR 323 B, Hungary – EUR 66.3 B and Russia – EUR 503 B.
In the first quarter of 2025, the 20-BGN banknote has overtaken the 100-BGN note as the most frequently counterfeited denomination in Bulgaria,
According to recent data from the Trend Research Center, shared during the "Personal Finance" event by Money.bg, 38% of Bulgarians are unable to set aside any savings
Bulgarians may begin exchanging their lev for euros if the upcoming convergence report
In July, Bulgaria’s eurozone entry plans will be definitively clarified
Bulgaria has successfully met the price stability criterion required for entry into the eurozone
Bulgaria is in a very strong initial position to join the eurozone
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase