Bulgaria's Fading Appeal to Investors: IT Sector Grapples with Challenges
The IT industry in Bulgaria is set to end 2024 without any growth in employment numbers and with decreasing revenue growth
New tourist establishments and hotels are emerging in Bulgaria, despite widespread concerns about the challenges of operating a tourism business in the country. Recently, Minister of State Evtin Miloshev announced the issuance of over 100 new certificates for food and entertainment venues, as well as accommodation and spa centers, according to his press office.
Interestingly, the minister also noted that the failure of Ivelin Mihailov's "Historical Park" (Mihailov gained prominence with the recent phenomenon in Bulgarian politics: the "Greatness" party) does not appear on the list of officially registered tourist attractions. Evtin Miloshev highlighted that this unregistered site has received awards from the Ministry of Tourism five times in various categories during the "Annual Awards" competition. In the social media program "Why, Mr. Minister?", he explained that while he has not personally visited the attraction, an investigation revealed that the "Historical Park" does not qualify as a tourism entity under the Law on Tourism due to its lack of official registration. Such anomalies—where an unregistered site receives government accolades—are unique to Bulgaria.
Of the more than 100 activity certificates recently signed by the interim Minister of Tourism, 94 pertain to accommodation and food service establishments. Most of these newly categorized venues are located along the Northern Black Sea coast. Additionally, 15 certificates have been granted for balneotherapy, spa, and wellness centers.
These certificates are issued following assessments to ensure that the respective establishments meet the required standards for providing balneotherapy, spa, or wellness services.
Over 100,000 Bulgarians are expected to travel abroad during the upcoming holiday season
Bulgaria Air has announced the resumption of its flights to and from Tel Aviv starting December 26, 2024
Bulgaria is expecting a boost in winter tourism this year, with about 3.1 million foreign visitors projected between December and March
Bulgaria is expecting a 5% increase in tourist arrivals this winter season, according to acting Minister of Tourism Evtim Miloshev
Tourist interest in Christmas and New Year holiday packages is exceptionally high this year
The heavy snowfall in recent days has created ideal conditions for an early start to the winter season in Bansko
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