Bulgarian Travel Abroad Surges: Turkey, Greece, and Romania Top Destinations
In March, there was a significant uptick in Bulgarians traveling abroad, marking a 19.1% increase from the previous year, amounting to 679.1 thousand trips
In January, foreign investment in Bulgaria increased by 64.6% to EUR 158.8 million, according to BNB data.
Most of them, however, are in the form of debt instruments, which is a sign of short-term interest of depositors.
Unlike usual, Britain is the largest foreign capital - 58.8 million euros. Traditional Leader Holland remains second with € 20.8 million, followed by Germany and Liechtenstein with € 20.1 and € 19.6 million respectively.
Meanwhile, the statistics on the level of foreign direct investment over the past two years have undergone a significant revision. The initial figures for 2017 were for nearly 902 million euro foreign investments in the economy, and for 2016 - 660 million euro. However, as a result of the revision, the level in 2016 rose to EUR 1.08 billion, entirely due to reinvested earnings, which increased almost threefold.
At the same time, equity and debt instruments are down. Last year's amount reached 950 billion euros due to more credits from foreign companies to Bulgarian subsidiaries. Thus, the initial annual increase in data for 2017 is decreasing.
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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
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
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
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
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
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UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022