ECB Sets Timeline for Digital Euro, Eyes 2029 Launch
The European Central Bank (ECB) has confirmed that the introduction of a digital euro will proceed only once the necessary legislative framework is established by European institutions
Bulgaria has recorded the largest drop in industrial production within the European Union for the fifth month in a row, according to preliminary data from Eurostat.
In October 2025, the country’s industrial output fell by 7.6 percent compared to the same month in 2024, a sharper decline than the 5.7 percent contraction reported in September. In contrast, industrial production across the EU rose by 1.9 percent year-on-year, while the eurozone saw an increase of 2.0 percent.
Among EU member states, the strongest annual growth in October was observed in Ireland and Latvia, both up 8.7 percent, followed by Greece with 6.9 percent and Sweden at 5.7 percent. After Bulgaria, Slovakia and Hungary reported the largest annual declines, at 3.7 percent and 2.6 percent respectively.
Within the euro area, all main industrial goods categories recorded growth compared to a year earlier, with energy rising 4.5 percent and non-durable consumer goods up 4.9 percent. Across the EU, non-durable consumer goods led growth at 4.4 percent, followed by energy at 3.4 percent.
On a monthly basis, October production edged up 0.3 percent in the EU and 0.8 percent in the eurozone compared to September. Ireland saw the highest monthly increase at 4.0 percent, followed by Luxembourg with 3.6 percent and Croatia at 3.1 percent. Sweden experienced the largest decline at 6.5 percent, with Belgium down 3.4 percent and Denmark 3.2 percent.
In 2025, Bulgarian wineries produced a total of 66 million litres of wine, according to Krasimir Koev, Executive Director of the Executive Agency on Vine and Wine.
Bulgaria’s parliament has approved an agreement with North Macedonia to build and operate a cross-border railway tunnel connecting the two countries.
Bulgaria’s export sector continued to face challenges in 2025, marking the third consecutive year of decline
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In December 2025, Bulgaria’s industrial sector showed modest growth following two consecutive months of decline, yet on an annual basis, production fell for the 13th month in a row.
In December 2025, Bulgaria’s total exports of goods rose by 2.5% compared to the same month a year earlier, reaching 6.7364 billion leva (€3.44 billion), after a contraction of 4% in November.
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