Bulgaria’s Housing Market Soars Ahead of Euro Adoption with 15% Annual Price Increase
Bulgaria’s housing market is experiencing robust growth, driven by strong demand and limited high-quality supply
Bulgarian Post employees are intensively preparing for the upcoming transition from the lev to the euro, as confirmed during a meeting between Deputy Prime Minister and Minister of Transport and Communications Grozdan Karadjov and Confederation of Independent Trade Unions in Bulgaria (CITUB) President Plamen Dimitrov. Logistics coordination is already underway with the Bulgarian National Bank (BNB), and public procurement procedures for the necessary equipment have been launched, with contract signings expected soon.
The meeting also addressed the need for digital training of Bulgarian Post staff, with suggestions for qualifications to be funded through the Recovery and Resilience Plan. CITUB President Dimitrov noted that currently only 20% of the available funding under the plan has been utilized, highlighting a significant opportunity to enhance employee digital competencies.
Broader topics in the sectors of communications, water, air, and road transport were also discussed. Representatives from sectoral organizations and various enterprises participated in the dialogue. Deputy Prime Minister Karadjov emphasized the importance of continued collaboration, stating, "Only with dialogue can we move forward."
Karadjov also touched on the government’s intentions to grant concessions for port terminals and other infrastructure assets. He pointed out that Bulgaria is at the bottom among EU countries in terms of public-private partnerships, underlining the strategic importance of this issue for Bulgaria’s development over the next decade. He assured union leaders that the concession plan will be openly discussed with them.
Additional points raised by CITUB included the expansion of operations at Burgas Airport and the urgent need to hire more inspectors for the “Automobile Administration.” A follow-up meeting focused on the future of railway transport is scheduled to take place in the coming week.
Bulgaria continues to report one of the lowest unemployment levels in the European Union, maintaining a stable labor market despite broader economic pressures and the nearing adoption of the euro
The latest preliminary figures from the National Statistical Institute show that Bulgaria’s gross domestic product per employee rose in real terms by 0.7 percent in the third quarter of 2025
A Russian-flagged tanker, identified as the KAIROS, has run aground near the Bulgarian coast close to Ahtopol following a drone attack by Ukraine in the Black Sea
Nearly 60% of the pork available on the Bulgarian market comes from domestic producers
Financial expert Max Baklayan has warned that the main risk in Bulgaria’s transition to the euro is not the exchange rate, but the increased likelihood of counterfeit currency
On the occasion of International Migrants’ Day on December 18, migrant business owners in Sofia released a Manifesto of Foreign Entrepreneurs in Bulgaria
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence