Bulgaria’s Workforce Hits 3.7 Million as Productivity Sees Modest Gains
Preliminary data from the National Statistical Institute (NSI) show that Bulgaria employed 3,726,500 people in the third quarter of 2025
Marking the inaugural decision of Bulgaria's new caretaker government, the Customs Agency welcomes a new director, as announced by acting Finance Minister Lyudmila Petkova. Georgi Dimov, former executive director of the National Revenue Agency (NRA), steps into the role, succeeding Petya Bankova.
Minister Petkova underscored Dimov's leadership qualities and emphasized his mandate to leverage his experience from the NRA to enhance revenue collection within the Customs Agency.
Meanwhile, Rumen Spetsov retains his position as the head of the National Revenue Agency amidst the organizational reshuffle.
The appointment comes in the wake of Bankova's arrest on charges related to participation in an organized criminal group, including allegations of influence peddling, smuggling, and bribery. While details surrounding the scandal remain scant, Minister Petkova and her predecessor Asen Vassilev refrained from commenting extensively on the matter during the transition of power ceremony at the Ministry of Finance.
Former Finance Minister Vassilev commended the revenue agencies for their performance, citing a notable increase in revenue collection compared to the previous year. According to the latest figures shared by Vassilev, the National Revenue Agency witnessed nearly a 15% rise in revenue collection, while the Customs Agency experienced a slight decline of approximately 7%, attributed mainly to factors such as VAT on oil imports and reduced operations at Lukoil.
Reshuffling of leadership positions within revenue agencies is customary following changes in the government, whether official or interim.
Financial expert Max Baklayan has warned that the main risk in Bulgaria’s transition to the euro is not the exchange rate, but the increased likelihood of counterfeit currency
The Governing Council of the Bulgarian National Bank (BNB) has granted preliminary approval to Bulgarian-American Credit Bank AD (BACB) to acquire a controlling stake in Tokuda Bank EAD
Economist Dimitar Chobanov has warned that the current policies are pushing Bulgaria’s budget toward a structural deficit that is already becoming apparent
Bulgaria’s banking system will undergo a brief technical shutdown on New Year’s Eve
The demand for euro coin sets proved overwhelming, as post offices across Bulgaria reported that their stocks had rapidly depleted.
From December 1st, Bulgarians can purchase starter packages with the national side of the euro coins at banks and “Bulgarian Posts”
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