Bulgaria’s Real Estate Market and the Euro: What to Expect After Adoption
The question of how Bulgaria’s adoption of the euro will influence the real estate market has sparked considerable interest among property owners
Transport Minister Georgi Gvozdeikov revealed Bulgaria's prospects for full Schengen membership, linking it to the impending adoption of the euro. Gvozdeikov anticipates a lift in land border controls as the country aims for full Schengen integration by the year's end, coinciding with the projected euro adoption in 2025.
Initially, Bulgaria and Romania are slated for Schengen entry by air and water in March, with ongoing negotiations expected to lift land restrictions throughout the year. Gvozdeikov emphasized both countries' readiness for Schengen accession and hinted at initiatives to facilitate cross-border movement, potentially benefiting tourists and businesses.
Addressing the added scrutiny, Gvozdeikov acknowledged possible surprise checks for arrivals from Bulgaria and Romania in Austrian airports, part of Schengen's monitoring mechanisms to ensure compliance with commitments.
Shifting gears, the minister discussed delays in procuring new trains, citing impending tenders for double-decker trains and locomotives. Despite setbacks due to appeals, Gvozdeikov assured minimal risk and expressed a commitment to enhancing rail travel quality, which could potentially lead to ticket price adjustments.
Deputy Prime Minister and Minister of Innovation and Growth Tomislav Donchev commented on Bulgaria’s path toward adopting the euro
North Macedonia’s President Gordana Siljanovska-Davkova openly criticized Bulgaria during a summit of the South East European Cooperation Process in Tirana
Bulgarian Minister of Defense Atanas Zapryanov and his French counterpart, Minister of the Armed Forces Sébastien Lecornu, signed a framework agreement on June 16
Nearly 83% of Bulgaria’s administrative institutions are technically prepared to operate with the euro
An elderly woman of Bulgarian origin has died following a missile strike in the Israeli city of Bat Yam
Prime Minister Rosen Zhelyazkov has confirmed that Bulgaria has a specific and actionable plan in place to evacuate its citizens from Israel
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe