Bulgaria's Progress Toward US Visa Waiver: Will 2025 Be the Year?
The percentage of US visa denials for Bulgarians has steadily decreased in recent years
Many Bulgarians living and working abroad are actively purchasing properties in their homeland. Despite the upward trajectory of apartment prices in Bulgaria, they remain among the most budget-friendly in Europe, making the country an attractive destination for investment among expatriates.
While some of them plan to eventually return to Bulgaria and reside in their purchased properties, others acquire homes for their children or purely for investment purposes. In Bulgaria, newly built homes typically come with basic finishing, leaving it up to the buyer to decide on further customization and the timeline for completion. For those intending to live in their purchased homes, expediency in finishing works is a priority, while for expats buying for investment, such concerns take a back seat.
The market sees a surplus of properties purchased as investments, with owners seeking to capitalize on the current high prices. While some offerings include well-appointed and furnished properties, they come with a higher price tag. Prospective buyers exercise caution, conducting thorough inspections to ensure they make the best choice for their needs.
Multi-room apartments with spacious terraces and scenic views are in high demand. However, there's also significant interest from individuals with limited financial means, prioritizing functional living spaces over expansive areas. For some buyers, the number of rooms outweighs the size, showcasing the diverse preferences in the market.
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The Bulgarian National Bank (BNB) has adopted a new regulation outlining the framework for providing emergency liquidity support to solvent banks once Bulgaria joins the Eurozone
Several banks in Bulgaria have recently announced changes to their fees
Petar Ganev, a senior researcher at the Institute for Market Economics, stated in an interview with Bulgarian National Radio that it is highly likely Bulgarians will begin making payments in euros starting from January 1 next year
Bulgarian businesses are facing significant financial losses due to delayed membership in the eurozone and Schengen area, missing out on billions in export potential
Bulgaria is currently meeting the Maastricht criteria required for eurozone membership, with its macroeconomic indicators indicating a stable path toward adopting the euro
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