War in Ukraine and Falling EU Demand Drive Bulgaria’s 2025 Export Decline
Bulgaria’s export sector continued to face challenges in 2025, marking the third consecutive year of decline
@novinite.com
In 2023, Bulgarian households remained among the lowest in the EU for consumption of goods and services. According to Eurostat's latest data, Bulgaria's "actual individual consumption" (AIC) was 27% below the EU average, placing it at 73% of the European level. In contrast, Luxembourg's AIC was 38% above the EU average, reaching 138%.
AIC per capita, expressed in purchasing power standards (PPS), varied from 70% in Hungary to 138% in Luxembourg. AIC measures household material well-being by including all goods and services used by households, regardless of whether they are paid for directly by households, the government, or non-profit organizations. Eurostat's data is based on revised purchasing power parity and the latest GDP per capita data for each EU member state.
Last year, nine member states had AIC levels above the EU average, while the remaining 18 were at or below this average. The highest AIC per capita levels were in Luxembourg (31% above the EU average), Germany (18% above), and Austria and the Netherlands (both 17% above). Belgium, Denmark, France, Finland, and Sweden also had AIC levels between 7% and 15% above the EU average, with Italy matching the average.
In other member countries, AIC per capita was below the European average. Bulgaria held the penultimate position with AIC at 73% of the EU average, outperforming only Hungary, where AIC was 30% below the average (70% of the European level).
Bulgaria also ranked last in the Eurostat GDP per capita comparison, measured by PPS. This indicator eliminates price level differences between countries, allowing one PPS unit to buy the same amount of goods and services across all EU member states. Bulgaria's GDP per capita was 36% below the European average. Luxembourg led this ranking with 139% above the EU average, followed by Ireland (111% above) and the Netherlands (30% above). At the lower end, Greece (33% below) and Latvia (29% below) had the lowest GDP per capita aside from Bulgaria.
Detecting a fake euro note does not require specialized tools or microscopes. By carefully examining, feeling, and tilting the banknote, you can verify its authenticity.
As of February 6, 2026, Bulgaria continues to make steady progress in withdrawing the national currency, the leva, from circulation.
Bulgaria has taken on new debt amounting to 150 million euros through the issuance of government securities, according to results published on the Bulgarian National Bank (BNB) website.
The first month following the introduction of the euro and the period of dual circulation with the lev has now ended, providing a clearer picture of how the transition is unfolding.
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The Bulgarian National Bank reported that as of February 6, 2026, the withdrawal of lev banknotes and coins and their replacement with euro cash is progressing in line with the applicable legislation and the operational plans approved for the transition.
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