Rising Prices Hit Seaside Restaurants in Bulgaria This Summer
Prices in seaside restaurants across Bulgaria are rising this year, with a noticeable hike in some popular beachside dishes
Bulgaria has fulfilled the final requirement for joining the eurozone by meeting the budget deficit criterion. Following the earlier achievement of the inflation target, the last step was to confirm compliance with the EU methodology regarding public finances for 2024.
According to preliminary data from Bulgaria’s National Statistical Institute and Eurostat, the country's general government sector registered a budget deficit of 3 billion euros last year. This figure corresponds to exactly 3% of the national GDP, aligning with the EU's threshold and satisfying the deficit condition for eurozone accession.
For comparison, Eurostat reported that the average budget deficit across the European Union in 2024 stood at 3.2% of GDP. Among the member states, Romania recorded the highest deficit at 9.3%, followed by Poland with 6.6%, and France at 5.8%.
In contrast, several countries achieved budget surpluses. Denmark posted the highest surplus at 4.5% of GDP, while Ireland and Cyprus followed closely with surpluses of 4.3% each. Greece also reported a positive fiscal balance, with a surplus of 1.3%.
A significant portion of Bulgarians' savings is already held in euros, signaling the country's readiness for the currency switch, even before its official adoption
Inflation in Bulgaria is projected to rise ahead of the country’s euro adoption
The Bulgarian National Bank (BNB) has announced that it will stop publishing the key interest rate following the country's adoption of the euro
Iliya Lingorski, a member of the Bulgarian National Bank's (BNB) Governing Board, highlighted the significant logistical challenges of adopting the euro in Bulgaria
The Bulgarian National Bank (BNB) has clarified the procedural changes that will take effect with the adoption of the euro as Bulgaria’s official currency.
During the one-month transition period after Bulgaria adopts the euro, ATMs across the country will distribute only euro banknotes
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