Bulgaria’s Employment Strategy Struggles to Shift Focus from Temporary Subsidies to Long-Term Skills
Bulgaria’s Ministry of Labor and Social Policy released its National Employment Action Plan (NAP) for 2025 in early May,
The international rating agency "Standard & Poor's" confirmed the long-term and short-term credit rating of Bulgaria in foreign and local currency - three times B and A minus two. The outlook remains stable.
Standard & Poor's expects Bulgaria's gross domestic product growth to weaken significantly in the coming months, although the economy has remained more resilient than expected after the Russia-Ukraine conflict.
Projected real growth in 2023 will be less than one percent, which is a significant slowdown.
According to Standard & Poor's, Bulgaria is gradually making progress in its efforts to join the Eurozone, but it remains unclear whether it will receive membership from January 1, 2024 due to high inflation and domestic political uncertainty.
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If traders attempt to unjustifiably raise prices during the transition to the euro, the National Revenue Agency (NRA) will detect it through discrepancies in VAT declarations
In recent weeks, Bulgaria has seen a noticeable uptick in demand for euro banknotes
The adoption of the euro in Bulgaria is not expected to cause fast loans to become more expensive
Although converting leva into euros may appear straightforward - just divide by the fixed rate of 1.95583 - reality brings far more complexity
The Bulgarian National Bank will stay the course with its conservative and stability-oriented monetary policy even after the country enters the eurozone
The demand for euros in Bulgaria has surged by about 50%
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe