Bulgaria Warned: Gasoline Could Hit €1.50 if Oil Reaches 100 Dollars per Barrel
In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
Experts warn of a new economic crisis that could reach Bulgaria. Our economy is experiencing the first effects of a slowdown in the global economy - shrinking exports, production and investment.
The country maintains its economic growth of about three percent and a half year on year. Employment, wages and consumption continue to grow, but statistics from recent months are not so optimistic.
"Migration has already begun. In Bulgaria, we have a contraction in industrial production, we have a contraction in exports, whether this will trigger recessions in Bulgaria or simply slowdown in growth, it is now too early to say," said Lachezar Bogdanov of the Institute for Market Economics .
"In any case, Bulgaria is in better condition than it was in 2008, when the global financial crisis started, but that does not mean that there will not be much quick and immediate effects.''
And this is already observed mainly in trade and production. The slowdown of the Chinese economy, exports and trade wars on a global scale also warrant experts to warn of an expected recession or even crisis.
Bulgaria has effectively completed the transition period for adopting the euro, though formal legal adoption remains pending
Bulgarian National Bank Governor Dimitar Radev took part in a meeting of EU Heads of Mission held under the European Presidency of the Republic of Cyprus
As of February 27, 2026, the withdrawal of leva banknotes and coins and their replacement with euro cash is proceeding under the established legal framework and operational plans, the Bulgarian National Bank (BNB) reported.
Bulgaria’s external debt reached just over €25.37 billion at the end of 2025, Acting Finance Minister Georgi Klisurski reported
At a session of the Council of Ministers, the government approved a draft law amending and supplementing the existing budget extension legislation, the acting Minister of Finance Georgi Klisurski announced.
The Coordination Center for the Euro Adoption Mechanism held its regular briefing yesterday, highlighting that the process of adopting the euro in Bulgaria is progressing smoothly. One of the central points of discussion was the current inflation situatio
Novinite 2025 in Review: A Year That Tested Bulgaria and the World
A Disgraceful Betrayal: Bulgaria's Shameful Entry into Trump's Board of Peace