Rising Layoffs: Over 17,000 Bulgarian Companies Expected to Reduce Workforce in 2025

Over the next year, more than 17,000 Bulgarian companies are planning layoffs

Bulgaria's Labor Market Struggles Amid Record Demand and Limited Workforce

Labor supply in Bulgaria remains exceptionally constrained amid record-high demand

Bulgaria Ranks Lowest in Average EU Salary Despite EU-Wide Increase

According to recent Eurostat data, Bulgaria continues to hold the lowest average salary within the European Union.

Lukoil Denies Sale of Neftohim Burgas, Dismisses Reports of Talks with Qatar-British Consortium

The owner of the Burgas-based oil refinery, Lukoil Neftohim, through its parent company Litasco

September Retail Trade in Bulgaria Continues Growth Streak

In September 2024, Bulgaria’s retail trade sector, excluding the sale of cars and motorcycles

Russian Oil Giant Lukoil to Exit Bulgaria, Sells Refinery to New Consortium

Russian energy giant Lukoil has announced plans to sell its largest asset in the Balkans

The Epic US Election Showdown has Triggered a Global Financial Frenzy: Explore 10 powerful ways to profit from Bitcoin cloud mining

Bulgaria Sees Record Gold Sales Surge as Prices Hit New Highs

Gold is experiencing a historic surge, reaching a record high of 2,792 dollars per troy ounce in real terms

Rent Consumes 45% of Minimum Wage in Bulgaria, Reflecting EU-Wide Housing Struggle

A recent analysis from the European Institute of Trade Unions, highlighted by the European Confederation of Trade Unions, reveals that

Westinghouse, Hyundai to Design AP1000® Reactors for Bulgaria

On November 5, 2024, Westinghouse Electric Company, Hyundai Engineering & Construction Co., and "Kozloduy NPP - New Powers" EAD signed a contract in Sofia to initiate engineering services

Corporate Commercial Bank Begins Payments to Creditors After 10-Year Bankruptcy

Trustees of Corporate Commercial Bank (CCB), currently in bankruptcy, announced the commencement of payments to creditors starting at 09:00 on November 5, 2024

Bulgaria Air Launches Autumn Promotion: Discounts on Flights to 11 European Destinations

"Bulgaria Air" has kicked off a new autumn promotion, offering discounts on flights to 11 European destinations

Bulgaria's Kozloduy NPP Signs Engineering Deal with Hyundai and Westinghouse

An engineering contract for the construction of new nuclear facilities at Site No. 2 of the Kozloduy Nuclear Power Plant is set to be signed today with Hyundai and Westinghouse

Bulgaria’s Unique Crypto Tax Laws: What BTC/USD Investors Need to Know

Recently as a notable player in the world of cryptocurrency, Bulgaria has seen a community of investors and entrepreneurs attracted to the potential of digital assets.

Coface Outlook: Steady Economic Expansion for Bulgaria Through 2025

Coface Bulgaria has projected a steady expansion for Bulgaria’s economy, despite ongoing economic challenges in the European Union

Challenges Loom for Bulgarian Essential Oil Sector Amid Declining Exports

Globally, the essential oil sector is encountering significant challenges

Strong Demand and Price Growth Characterize Bulgaria's Property Market

The Bulgarian real estate market has seen a notable increase in both prices and transaction volume in the past quarter

Growing Concerns Among Workers as AI Transforms Job Security Landscape

An increasing number of workers are expressing anxiety about job security

Bulgaria Anticipates Over 2 Million Foreign Tourists This Winter Season

Bulgaria is anticipating over two million foreign visitors for the upcoming winter season

New Trends in Bulgarian Real Estate: Larger Homes in High-Demand Areas

The Bulgarian real estate market has remained stagnant, reflecting last year's levels

Bulgaria Stays on FATF's Grey List for Money Laundering Oversight

Bulgaria continues to be listed among countries under enhanced scrutiny by the Financial Action Task Force (FATF