Bulgaria's Ministry of Finance Forecasts Halved Inflation Rates for 2024
The Ministry of Finance in Bulgaria has revised its inflation predictions for the year 2024, slashing them by half compared to previous estimates
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Bulgaria's Housing Market Surges as Banks Inject Billions in Credit
Bulgarian banks have injected approximately 3.7 billion in additional credit resources into the housing market over the past year alone, with a staggering total of over 8 billion in the last three year
High Marks for Bulgaria and NRA from The OECD Global Forum
In an important stride towards global transparency and cooperation in tax matters, Bulgaria has received a laudable rating of Largely Compliant from the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes (GFTEITP)
Bulgarian Economists: No EU Country Has Entered The Eurozone With Minimum Wage Below 500 Euros!
As Bulgaria grapples with economic challenges, economists highlight the country's lagging position in the European Union, particularly in terms of purchasing power
Bulgaria's Path to Eurozone Entry: Finance Minister Asserts Caretaker Government's Role
Bulgaria's Finance Minister, Assen Vassilev, asserts that Bulgaria can attain Eurozone membership by 2025, with the caretaker government capable of steering the nation towards this goal
Schengen Launch at Burgas Airport: Revolutionizing Travel Efficiency
A landmark moment unfolds at Burgas Airport as the first Schengen flight touches down, signaling a new era of travel efficiency and convenience for passengers
Israeli Army Mourns Loss of 600 Soldiers Since October 7, 2023
Thr Israeli army announced the death of yet another soldier in the ongoing conflict in the Gaza Strip, bringing the somber tally to 600 lives lost since October 7, 2023
Bulgaria’s Business Climate: Retail and Services Thrive, Industry and Construction Struggle
According to the National Statistical Institute, the overall business climate indicator in March 2024 remains stable compared to February, hovering around 23%
Ready for Takeoff: Burgas Airport's Summer Flight Schedule Unveiled
The concessionaire company Fraport Twin Star Airport Management announced that Burgas Airport will kick off the active flight season with its first flight since Bulgaria's entry into the Schengen area by air, scheduled for the end of March.
Bulgaria Nears Eurozone Entry If Inflation Criterion Met, Says Finance Minister
During debates on a draft decision concerning the Bulgarian Energy Holding, Minister of Finance Asen Vassilev announced that Bulgaria is on the brink of entering the Eurozone as it meets the inflation criterion
Major Partnership: "Bulgarian Railways" and "Deutsche Bahn" Seal Agreement for 76 Upgraded Wagons
"Bulgarian Railways" (BDZ-Passenger Services EOOD) has inked a contract with Deutsche Bahn for the supply of 76 state-of-the-art passenger wagons
Carrefour Returns to Sofia: French Retail Giant Opens Two Supermarkets in the Bulgarian Capital
After nearly a decade-long absence, the renowned French retail chain Carrefour has made a triumphant return to Bulgaria, marking its comeback with the opening of two supermarkets in Sofia
Up To BGN 5,000 Fine For Incorrect Conversion And Rounding Of Prices From BGN To EUR
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
Rounded Prices in Euros to Hit Bulgarians' Pockets after Eurozone Entry
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
Bulgaria's E-commerce Set to Contribute 2.11% of GDP in 2023
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
Bulgarian Airlines Association Explores Sofia Airport's Transit Hub Potential
Svetoslav Stanulov, chairman of the Association of Bulgarian Airlines (ABA), has emphasized the need to assess Sofia Airport's potential as a hub for transit and transfer flights
Pegasus Airlines Resumes Scheduled Flights Between Sofia and Istanbul
Pegasus Airlines is set to recommence its scheduled flights between Sofia and Istanbul, marking a significant milestone in air travel connectivity between Bulgaria and Turkey
Surge in Home Loans Sets New Record in Bulgaria
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
Cost of Euro Adoption in Bulgaria Estimated at Over Half a Billion Levs
The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million
Experts Assert: Euro Introduction in Bulgaria Won't Lead to Price Hikes
As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal
Bulgaria's Euro Transition: Draft Law Unveiled for Public Discussion
The Ministry of Finance has released a draft law for public discussion concerning the adoption of the euro in Bulgaria. The primary aim of the proposal is to ensure a smooth and transparent transition to the European currency
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