Bulgaria Advances Eurozone Integration with Instant Payment System
The process of introducing the euro in Bulgaria is advancing, with the implementation of the Eurosystem’s TIPS (Target Instant Payment Settlement) service playing a central role
As the May holidays mark the onset of sea tourism, Bulgarians and foreigners preparing for their annual getaways are facing a stark reality: trips this year will come with a heftier price tag, with expenses expected to surge by 10-15% compared to last year. Dimitrina Goranova, president of the Association of Bulgarian Tour Operators, shed light on this concerning trend in an interview with BNR.
Goranova highlighted the significance of destination choices during Orthodox Easter, noting that many Bulgarians prioritize locations where they can also celebrate the holiday. Unsurprisingly, Greece reigns supreme as the most preferred destination, thanks to its picturesque beaches and shared Orthodox Easter festivities. However, she pointed out a rising interest in destinations like Albania, which are steadily gaining traction in the market.
While Bulgaria remains a favored spot for Romanian tourists during Easter, Goranova underscored the need for resorts to adequately prepare for the influx of visitors. Despite hotels gearing up for the season, tourists often encounter unprepared resorts with closed facilities and inadequate cleanliness, detracting from the overall experience.
In addition to sea tourism, Bulgaria is witnessing a surge in cultural and circular tourism, attracting visitors from Germany, Great Britain, and Spain. However, Goranova cautioned that the cost of travel has seen a notable uptick of 10-15% compared to the previous year. Despite the rising expenses, Bulgarians have yet to show a significant decline in their travel plans, with the practice of early bookings making a comeback.
As Bulgarians and foreigners navigate the higher costs associated with holiday travel, the tourism industry braces for a challenging season ahead. With uncertainties lingering amidst the ongoing pandemic, travelers are urged to plan meticulously and explore cost-effective options to make the most of their vacations.
In October, Bulgarians predominantly traveled to neighboring Turkey and Greece, while the largest groups of foreign visitors to Bulgaria came from Romania and Turkey
Airfares around the world are expected to rise in 2025, with ticket prices reflecting both higher operational costs and ongoing supply chain disruptions
As the New Year approaches, hotels, holiday resorts, and guesthouses in Bulgaria are offering a range of packages to attract holidaymakers
Wizz Air has announced four new routes from Varna for the summer 2025 season
Starting March 30, 2025, a new direct flight route will connect Sofia, Bulgaria, with Pisa, Italy, as announced by Sofia Airport
SOF Connect and Glavbolgarstroy Holding (GBS) inaugurated new outdoor parking facilities at Sofia Airport
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023