Bulgaria's Wealth Gap: Only 4% Rich, 95% Struggle to Survive!

A tax consultant and former deputy finance minister in Bulgaria recently discussed the country's economic landscape, highlighting concerning trends regarding income distribution and the state of the middle class

Business » Finance | June 5, 2024, Wednesday // 14:22 | Viewed: 3710

Wealth Abroad: 3,600 Bulgarians Declare Overseas Holdings

Publicly available information from the National Revenue Agency reveals that 3,604 Bulgarian residents have properties abroad, all of which have been duly declared to the agency

Business » Properties | June 5, 2024, Wednesday // 11:17 | Viewed: 2185

Electricity Up, Heating Down: Bulgaria Faces New Price Changes Ahead!

The Bulgarian Energy and Water Regulatory Commission (EWRC) anticipates an average electricity price increase of 1.34% starting July 1, while the price of hot water and heating is expected to decrease by an average of 8.44%

Business » Energy | June 4, 2024, Tuesday // 14:15 | Viewed: 3678

Deputy Minister of Finance Answers When Will Bulgaria Be Ready for the Eurozone

Metodiev also mentioned that the Council of Ministers will soon vote on the Law on the Euro

Business » Finance | June 4, 2024, Tuesday // 14:10 | Viewed: 3257

New Bulgaria-Azerbaijan Direct Flights: Travel Made Easy with Bulgaria Air and AZAL

In May 2024, Bulgaria Air signed a key agreement and launched a new codeshare agreenment with Azerbaijan Airlines /AZAL/, which opened a direct air route between the capitals of both countries

Business » Tourism | June 4, 2024, Tuesday // 12:26 | Viewed: 2795

Bulgarian Farmland Prices Go Crazy - Why You Shouldn't Buy Now

The agricultural land market in Bulgaria is on the verge of overheating, according to the latest data from the National Statistical Institute

Business » Properties | June 4, 2024, Tuesday // 11:43 | Viewed: 3323

Can You Guess How Little a Week at Bulgaria's Beach Resorts Costs?

The summer tourist season has commenced, and hotels along Bulgaria's Northern Black Sea coast are already welcoming guests

Business » Tourism | June 4, 2024, Tuesday // 11:36 | Viewed: 3502

Bulgaria's Property Market: Bubble or Boom?

Is there a property bubble forming in Bulgaria?

Business » Properties | June 4, 2024, Tuesday // 08:30 | Viewed: 4811

Wizz Air Expands Varna Operations with Four New Destinations

Wizz Air is expanding its operations from Varna Airport by introducing four new destinations and increasing the frequency of flights to existing ones

Business » Tourism | June 3, 2024, Monday // 12:08 | Viewed: 4406

Expert's Warning: Bulgaria's Eurozone Ambitions Under Threat

Economist Mihail Krastev has pointed out that while Bulgaria focuses on meeting the inflation criterion in its bid to join the Eurozone, there is a significant risk of failing to meet other essential requirements

Business » Finance | May 31, 2024, Friday // 13:09 | Viewed: 2683

Eye-Opening Comparison: Sofia's Restaurant Costs vs. Europe's

A recent comparison by the Bulgarian daily "Telegraph" reveals that indulging in a sandwich and a beer in Sofia's city center can leave a considerable dent in your wallet

Business » Tourism | May 31, 2024, Friday // 12:19 | Viewed: 7073

Eurozone Bound: Bulgaria Nears Inflation Goal, Finance Ministry Confirms

The Bulgarian Ministry of Finance projects that Bulgaria will satisfy the inflation criterion by the year's end

Business » Finance | May 30, 2024, Thursday // 13:02 | Viewed: 2552

Bulgaria Braces for 8% Spike in Natural Gas Costs Next Month

During an open meeting, Ivan Ivanov, the chairman of the Commission for Energy and Water Regulation, revealed that the price of natural gas is set to increase by slightly over 8% in June

Business » Energy | May 30, 2024, Thursday // 12:06 | Viewed: 2122

Bulgaria Turns to Nepal and Bangladesh for Tourism Workers Amid Labor Shortage

Acting Minister of Tourism Evtim Miloshev addressed Bulgaria's labor shortage, particularly acute in the tourism sector, highlighting the need for an estimated 27,000 workers for the upcoming summer season

Business » Tourism | May 30, 2024, Thursday // 11:37 | Viewed: 2468

Bulgarian Businesses Struggle with AI Adoption

According to data from Eurostat, only 3.6% of Bulgarian businesses with 10 or more employees utilized artificial intelligence (AI) technologies to manage their operations in 2023

Business | May 30, 2024, Thursday // 10:43 | Viewed: 1621

Bulgaria's Kozloduy NPP Shifts Away from Russian Nuclear Fuel

Kozloduy Nuclear Power Plant (NPP) has announced its decision to terminate the contract with Russia for the supply of nuclear fuel

Business » Energy | May 29, 2024, Wednesday // 17:56 | Viewed: 2425

Vestbee Announces Summer Pitch CEE to Connect Best Regional Companies with Global Investors

Vestbee, one of the leading European platforms for startups, VC funds, accelerators, and corporates, has just launched a new program, Vestbee Summer Pitch CEE

Business | May 29, 2024, Wednesday // 15:04 | Viewed: 2229

Bulgarian Travel Trends: More Outbound Trips, Moderate Inbound Visits

In April 2024, the number of trips made by Bulgarian citizens to other countries increased by 4.9% compared to the same period in 2023

Business » Tourism | May 29, 2024, Wednesday // 12:09 | Viewed: 1929

Kozloduy NPP in Bulgaria Embarks on Alternative Fuel Integration

The implementation of an alternative fuel type in Unit 5 of the Kozloduy Nuclear Power Plant (NPP) has commenced

Business » Energy | May 29, 2024, Wednesday // 10:31 | Viewed: 1819

Bulgaria's Debt Surge: BGN 700 Million Raised Locally Since January

Since the start of the year, Bulgaria has secured an additional BGN 700 million in debt from the domestic market, according to announcements from the Ministry of Finance

Business » Finance | May 29, 2024, Wednesday // 08:39 | Viewed: 2064

Bulgaria Nears Eurozone Entry: Law Adoption Expected by Summer's End

The Law on the introduction of the euro could be approved by the National Assembly before the summer concludes, according to acting Deputy Finance Minister Metodi Metodiev's projection today

Business » Finance | May 28, 2024, Tuesday // 17:00 | Viewed: 3273
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