Montenegro Confirms Commitment to EU Path, Seeks Bulgaria’s Support
Montenegro’s Minister for European Affairs, Majda Gorgević, reaffirmed in an interview with BGNES that Chinese investments do not threaten the country’s EU aspirations
Starting from September 1, 2025, companies transporting goods by land into the European Union will be required to submit advance customs information via the new ICS2 (Import Control System 2). This change will impact transport companies, forwarders, and all participants in international trade. Under the new system, detailed data must be provided for each shipment, including commodity codes, transport documents like CMR, container numbers, and EORI details. The purpose of the system is to enhance control and enable risk analysis before goods even reach the border.
Although penalties won't be imposed until September 2025, companies are encouraged to begin preparing now. Transport and international law expert Ventsislav Trendafilov emphasizes the importance of early preparation—both technical and documentary. He stresses that timely action can help avoid logistical delays and potential fines down the line.
The main objective of ICS2 is to conduct risk analysis ahead of the arrival of goods at the border, bolstering customs security and preventing the entry of risky or illegal imports. To ensure smooth compliance, Trendafilov advises affected carriers to register as economic operators with a valid EORI number, train staff on the new system, and consult with customs and legal professionals to update contracts and procedures.
In the first quarter of 2025, the 20-BGN banknote has overtaken the 100-BGN note as the most frequently counterfeited denomination in Bulgaria,
According to recent data from the Trend Research Center, shared during the "Personal Finance" event by Money.bg, 38% of Bulgarians are unable to set aside any savings
In the first three months of 2025, 16 companies filed 18 applications for mass layoff
Despite the global escalation of the trade war, there have been no significant negative trends in Bulgaria’s tourism sector so far
Intercompany debt is a common aspect of the business landscape, both in Bulgaria and Western Europe
Starting April 17, Bulgaria Air has launched a new seasonal direct route between Varna, Bulgaria, and Paris, France
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase