Up To BGN 5,000 Fine For Incorrect Conversion And Rounding Of Prices From BGN To EUR
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
The collapse of foreign direct investment in Bulgaria is total. This was said by Radosvet Radev, executive chairman of the Bulgarian Industrial Association. The BIA submitted a report for the period 2007 - 2017. The decline is deepening also in the current 2018, with investments in the first half being two times less than in the past.
The report states that the total volume of investments in Bulgaria in the period 2007-2017. remained relatively constant - about BGN 18 billion per year, with a peak in 2008 when it reached BGN 24 billion. The share of local investment in the total volume of investments has been drastically increasing with a parallel collapse of foreign investment.
For the period 2007-2017 the annual flow of net foreign investment decreased almost 10 times, reaching its lowest level in 2017, amounting to BGN 1858 million. or 1.9% of GDP.
Considered as a share of GDP, foreign direct investment is steadily declining. Investment intensity is characterized by the capacity of the economy to attract foreign investment. If in 2007 they were 27.9% of GDP, they were only 1.9% of GDP in 2017, a 15-fold decrease. This unfavorable trend is further increasing for the first half of 2018 compared to the same period in 2017. The decline is twofold - from 1% to 0.5%.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
Svetoslav Stanulov, chairman of the Association of Bulgarian Airlines (ABA), has emphasized the need to assess Sofia Airport's potential as a hub for transit and transfer flights
Pegasus Airlines is set to recommence its scheduled flights between Sofia and Istanbul, marking a significant milestone in air travel connectivity between Bulgaria and Turkey
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022