Bulgaria Advances Eurozone Integration with Instant Payment System
The process of introducing the euro in Bulgaria is advancing, with the implementation of the Eurosystem’s TIPS (Target Instant Payment Settlement) service playing a central role
Raspberry production has increased by 30% compared to the last year. In Bulgaria, for 2019 the harvested areas with raspberries are 22 thousand decares and the harvested production is over 10 thousand tonnes.
Deputy Minister Krasteva was adamant that fresh, primarily processed and frozen raspberries are the main products of the Fruits and Vegetables sector, which have a positive export balance. According to her, raspberries are exported mainly to Greece, Hungary and Italy, and strawberries mainly to Romania, the Netherlands and the UK.
By 2019, the harvested areas with strawberries amounted to 9,919 decares and the harvested produce - 8,372 tonnes.
The process of introducing the euro in Bulgaria is advancing, with the implementation of the Eurosystem’s TIPS (Target Instant Payment Settlement) service playing a central role
President Rumen Radev emphasized the stability of the Bulgarian National Bank (BNB), describing it as one of the most secure financial institutions in Europe
Preliminary data from Bulgaria’s Ministry of Finance indicates a slight reduction in the budget deficit for November compared to October
Mass layoffs have resurfaced in Bulgaria's labor market, with nearly 10,000 workers affected in the past two years
Bulgaria's banking system is on track to surpass three billion leva in profits again this year, following the record-breaking 3.4 billion leva reported in 2023
In 2023, the average gross annual salary in Bulgaria reached 24,485 leva, marking a 15.3% increase compared to the previous year
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