Bulgaria Expects Boost in Winter Tourism with Increased Foreign Visitors
Bulgaria is expecting a boost in winter tourism this year, with about 3.1 million foreign visitors projected between December and March
In September 2024, Bulgaria’s retail trade sector, excluding the sale of cars and motorcycles, reported a slight rise in turnover, up 0.4% from August's figures, which had shown a 0.7% decline. This recent monthly increase follows eight consecutive months of growth, beginning in February.
Compared to September 2023, retail turnover in September 2024 grew by 4.8%, just below the 4.9% increase recorded in August.
Analyzing the monthly performance in various segments, the "Retail trade in non-food goods, excluding motor fuels and lubricants," saw turnover rise by 1.4%. Similarly, "Retail trade in food, beverages, and tobacco products" posted a 0.5% increase. However, the "Retail trade with automotive fuels and lubricants" sector faced a decline of 3.6%.
Year-on-year, turnover in food trade grew significantly by 10.5%, while non-food goods rose by 7.5%. In contrast, there was a marked 13.8% decrease in the retail trade of motor fuels and lubricants compared to the previous year.
The Bulgarian National Bank (BNB) has voiced strong opposition to a proposed 10% tax on banks' excess profits, citing concerns that it would destabilize the financial sector
Tourist interest in Christmas and New Year holiday packages is exceptionally high this year
Economist Rumen Galabinov has stated that Bulgaria's potential future membership in the Eurozone could significantly benefit the country's economy
The Gross Domestic Product (GDP) for Bulgaria in the third quarter of 2024 grew by 2.4% compared to the same period in 2023
Remote work has become one of the most important trends in recent years.
In Bulgaria, the current labor market is facing a situation where job supply exceeds demand, creating challenges for employers
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