Nikulden: Bulgaria’s Beloved Saint Nicholas Day
In Bulgaria, December 6 is celebrated as Saint Nicholas Day, or Nikulden (Никулден), a holiday that blends religious devotion, folk tradition, and social celebration
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Over 3% growth in the economy in 2019, awaits the Ministry of Economy this year, reported the Bulgarian National Television.
This was stated by the Minister of National Affairs Emil Karanikolov from the floor of the National Assembly. He argued that foreign direct investment in 2018 had fallen by 40%. Last year's investments in our country amounted to a billion and a half million euros.
Emil Karanikolov, Minister of Economy: Foreign direct investments for 2018 not only is not less than the previous, but has increased by just over 10% in one year, the FDI inflows in Bulgaria amounted in the past year to 1.5 billion , which is 10.3%, or 143 million more than the investments made between January and December 2017.
Financial expert Max Baklayan has warned that the main risk in Bulgaria’s transition to the euro is not the exchange rate, but the increased likelihood of counterfeit currency
The Governing Council of the Bulgarian National Bank (BNB) has granted preliminary approval to Bulgarian-American Credit Bank AD (BACB) to acquire a controlling stake in Tokuda Bank EAD
Economist Dimitar Chobanov has warned that the current policies are pushing Bulgaria’s budget toward a structural deficit that is already becoming apparent
Bulgaria’s banking system will undergo a brief technical shutdown on New Year’s Eve
The demand for euro coin sets proved overwhelming, as post offices across Bulgaria reported that their stocks had rapidly depleted.
From December 1st, Bulgarians can purchase starter packages with the national side of the euro coins at banks and “Bulgarian Posts”
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