Could Bulgaria Face a 'Greek Scenario' After Adopting the Euro?
With Bulgaria set to adopt the euro on January 1, 2026, questions are surfacing about whether the country might face financial risks similar to those that led to Greece’s debt crisis
Nearly half of active companies in Bulgaria don't have a single employee, shows data of the National Statistics Institute for the period 2008-2012, quoted by BTA.
In 144 330 companies, or 44.6% of the active companies, the only employee is the owner.
As of 2012 40% of the companies have up to four employees and barely 8% have between five and nine employees. Nine percent of the companies have more than 10 employees and in them work over 70% of the workforce in Bulgaria.
In the surveyed five-year period nearly 40% of the newly established companies were in the retail sector, shows the NSI data.
Of the companies set up in 2007, by the end of the five-year period, survived only 8%. Most viable proved to be the companies in the construction sector with 12.5% “survival rate”.
In general, most viable proved to be the companies in the extractive industry, production and distribution of energy, water supply and purification and the financial and insurance sector.
The introduction of dual pricing in leva and euro is progressing smoothly and, in some cases, even ahead of the planned timeline in Bulgaria
Annual inflation in Bulgaria accelerated slightly in May, reaching 3.7%
E-signatures have transformed document signing, offering many benefits over traditional paper signatures.
Bulgaria’s Ministry of Labor and Social Policy released its National Employment Action Plan (NAP) for 2025 in early May,
Nearly 100 million leva are being concealed from taxation by hairdressers and home-based craftsmen
If traders attempt to unjustifiably raise prices during the transition to the euro, the National Revenue Agency (NRA) will detect it through discrepancies in VAT declarations
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