Sofia Real Estate: Rising Demand, Limited Supply, and Euro Impact in 2025
The real estate market in Sofia remains robust as the year draws to a close
In a dramatic turn of events, the Sofia Municipal Council has finally reached an agreement on the selection of a chairman after seven previous unsuccessful attempts. The councilors have settled on Tsvetomir Petrov from the We Continue the Change-Democratic Bulgaria-Spasi Sofia (WCC-DB-SS) coalition to temporarily fill the position. Petrov, who previously garnered only 26 votes at the last meeting, emerged as the chosen candidate despite initial challenges.
Vili Lilkov, speaking on behalf of his colleagues, emphasized their support for Petrov and clarified that the election is temporary, slated to last until July. Carlos Contrera echoed this sentiment, describing the decision as a necessary step to initiate the council's work. Contrary to speculation, he denied the position being rotational and emphasized the absence of formal coalitions in the council, labeling the agreement as an "administrative hurdle."
While "Vazrazhdane" pledged their support for Petrov, they reiterated their commitment to serving as a steadfast opposition within the council. Ivan Takov from the Bulgarian Socialist Party expressed concerns about the city's current state, highlighting the urgency of effective leadership. Proshko Proshkov from GERB-SDS echoed these sentiments, underscoring the need to prevent chaos and ensure responsible administration in Sofia.
The election of Petrov marks a pivotal moment in the ongoing dynamics of the Sofia Municipal Council, with implications for the city's governance and future direction. As Petrov assumes his role, all eyes will be on the council's proceedings and the effectiveness of its leadership in addressing the city's pressing issues.
Chief Commissioner Anton Zlatanov, Director of the Border Police Directorate, praised the efforts that led to Bulgaria's advancement toward Schengen membership
GERB has invited three political formations—Democratic Bulgaria (DB), the Bulgarian Socialist Party (BSP), and There Is Such a People (TISP)—to engage in "expert conversations" aimed at forming a government
GERB leader Boyko Borissov has announced the party’s plan to hold official negotiations with “Democratic Bulgaria” (DB), the Bulgarian Socialist Party (BSP), and “There Is Such a People” (TISP) regarding the formation of a government
Bulgaria’s accession to the Schengen area by land will not result in the country becoming a migrant buffer
Following consultations with President Rumen Radev, the MECH (Morality, Unity, Justice) party addressed journalists
Consultations between the President and representatives of the parliamentary group "There is Such a People" (TISP) continued as part of the discussions surrounding the formation of a regular government
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023