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
Bulgarian garment companies are struggling to find new markets due to the recent increase in tariffs on industrial goods under Donald Trump’s administration.
Business owners are grappling with important questions: Will Chinese imports shift towards Europe? Will local producers face a serious blow, leading to a market flooded with cheaper, lower-quality clothing? And could this situation result in factory closures within Bulgaria?
"The Bulgarian textile industry has long been impacted by unregulated imports," said Antoaneta Antonova, the owner of a tailoring company in Ruse, speaking to Nova TV. "Additionally, we are further disadvantaged on the domestic market, as the sector is considered low-tech and non-priority by the state. This makes us outsiders when applying for various projects."
According to Antonova, many companies in the industry are now faced with tough choices, including scaling back production, laying off workers, or shutting down entirely. She stated that these adjustments are necessary to stay competitive in the current market climate. However, Antonova believes that there is a solution to the crisis, which lies in passing regulations to create industry-specific organizations and involve the state more actively.
"The government needs to impose duties and taxes on small shipments from China that are flooding our market. If this doesn’t happen, Bulgarian businesses will die," Antonova warned.
Japanese automaker Nissan Motor will cut over 10,000 additional jobs worldwide, bringing total layoffs — including previously announced ones — to around 20,000, or 15% of its global workforce, Japan’s public broadcaster NHK reported on Monday, citing Reut
In 2024, Bulgaria's exports of alcoholic beverages totaled 30.4 million euros
In February, Bulgaria recorded the highest annual growth in construction output among EU member states
The digital entertainment landscape is evolving rapidly, with new platforms and experiences reshaping how we spend our leisure time.
Bulgaria has seen a record influx of workers from non-EU countries in recent years, yet the demand for labor in various industries remains unmet
Industrial production in Bulgaria continued to experience a downturn at the start of the year,
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