Bulgaria Leads EU in Retail Growth with 7.4% Annual Increase in October
Bulgaria continues to show strong performance in retail trade
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Overall in 2019, new-car registrations increased by 1.2% across the European Union, reaching more than 15.3 million units in total and marking the sixth consecutive year of growth. The year started on weak footing due to the lasting impact of the introduction of the WLTP test in September 2018. Yet, the final quarter of 2019, and December in particular, pushed the full-year performance of the EU market into positive territory, the European Automobile Manufacturers Association said.
In December 2019, EU passenger car demand grew for the fourth month in a row (+21.7%), marking the highest December total on record to date. This was partially the result of a low base of comparison, as registrations fell by 8.4% in December 2018. However, specific market changes also contributed to this exceptional growth, the sector association reported.
Throughout the year, Volkswagen has consolidated its place at the top of car sales in the EU, with an increase of 3.1%. The group includes brands such as Audi, Porsche and Skoda.
The French automaker, which owns Peugeot, Citroen, Opel, Vauxhall, ranked second although it reports a 1.1% decline.
Its French rival Renault, ranked third with a 1.1% year-over-year increase, data show.
Public spending in Bulgaria is rising faster than revenues, driving the budget deficit upward, according to participants at the roundtable “Bulgaria’s Fiscal Policy and Sustainable Economic Vision with Eurozone Entry”, organized by the Bulgarian Associati
Prices of essential food products in Bulgaria have risen sharply over the past five years, with the upward trend continuing into 2025, according to data from the National Statistical Institute (NSI).
Pension insurance contributions will not increase in 2026, while pensions themselves will be updated from 1 July under the Swiss indexation formula, resulting in an expected rise of 7–8%.
The digital euro is a crucial tool for strengthening Europe’s financial and strategic independence and will complement physical cash amid the rapid digitalisation of payments.
The European Commission has launched a formal antitrust investigation to determine whether Google has violated EU competition rules through its use of content from web publishers as well as material uploaded to YouTube for the development and training of
Bulgaria continues to show strong performance in retail trade
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