Electricity and Heating Bills in Bulgaria Set to Rise by Nearly 5% from July
From July 1, 2025, Bulgarian households are expected to see an average increase of just under 5% in their electricit
At the end of September 2019, deposits of the non-governmental sector reached EUR 42.11 billion (71.2% of GDP), which is an annual increase of 7.9%, the Bulgarian National Bank has reported. Deposits by non-financial enterprises totaled 13 billion euros at the end of the previous month (21.9% of GDP). Compared to the same month of 2018, the rise is 6.4%. At the end of September 2019, loans to the non-governmental sector reached to EUR 31 billion (52.5% of GDP), in comparison to EUR 30.64 billion in August 2019 (51.8% of GDP). In September 2019, the yoy rise was 7.1%, BNR reported.
The 2025 edition of Coface’s annual survey on payment discipline among German companies reveals a further decline in payment behaviour
With Bulgaria preparing to adopt the euro as its official currency, changes in how retail transactions are processed are on the horizon
Bulgarian fintech company Paypercut has secured €2 million in pre-seed financing
At a briefing, Finance Minister Temenuzhka Petkova expressed optimism that Bulgaria is on track to meet the eurozone’s price stability criterion once again in June
Some Bulgarians are beginning to exchange their leva for euros ahead of the country’s eurozone entry, only to find that the rates offered at banks and exchange offices differ from those announced publicly
Digitalization is no longer a concept of the future. It is the present reality in which businesses operate, compete, and create value
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EU Population Grows by Over a Million, While Bulgaria Continues to Shrink