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Business » Finance
Bulgaria Breaks Barriers: Average Salary Crosses BGN 2,000 Milestone
For the first time in Bulgaria's economic history, the National Statistical Institute (NSI) has reported that the average gross monthly salary has crossed the BGN 2,000 mark
Bulgaria's Strategic Budget 2024: Paving the Way for Euro Adoption
The Minister of Finance Asen Vassilev presented the draft budget for 2024, which, according to him, allows Bulgaria to meet all the criteria for entering the Eurozone, which is planned for the beginning of 2025
Bulgaria will Try to Introduce the Euro on January 1, 2025
The government adopted an update of the National Plan for the introduction of the euro in Bulgaria
Bulgaria Secures 2.3 Billion Euros in International Debt
Bulgaria has achieved a significant milestone in its fiscal management by successfully raising an external debt of 2.3 billion euros through two separate issues on international markets
Bulgaria's Finance Minister Foresees Income Growth of 10-15% in 2024 Budget
Bulgaria's Finance Minister, Asen Vassilev, unveiled the government's growth-oriented approach to the 2024 budget
Inflation on the Rise: Bulgarian Consumers Brace for Impact!
Consumer sentiment in Bulgaria is reflecting concerns about rising inflation
Bulgarian Bank Advises: Before the Euro - Do this with your Levs! (EUR-BGN)
In the months before the introduction of the euro in Bulgaria, citizens will be encouraged to deposit as many leva (BGN) banknotes and coins as possible in bank accounts
Worrying: Bankers Predict Rising Interest Rates for Bulgarian Households
Representatives from several banks attending the "My Money" Expo have forecasted an increase in interest rates on household loans within the next six to twelve months
Fitch confirmed Bulgaria's Long-Term Credit Rating in Foreign and Local Currency
The international rating agency Fitch confirmed the long-term credit rating of Bulgaria in foreign and local currency 'BBB' with a positive outlook
Bulgaria: The State Debt for 2022 is over 37.85 Billion Leva - The Deficit is 2.9% of GDP
The budget deficit in the "State Government" institutional sector for 2022 is 4,859,000,000 leva, NSI reports. This is 2.9% of GDP
In One Year: Inflation in Bulgaria has Halved but Prices Continue to Rise
In one year, inflation in Bulgaria has halved, but consumer prices continue to rise. The price increase is most significant for food and fuel. On the threshold of the cold season, heating costs start to weigh on people, as well
Bulgaria's Economy Grew by 3.9% in 2022
Bulgaria's economy grew by 3.9 percent in 2022, according to updated data from the National Statistical Institute, exceeding preliminary data for a 3.4 percent growth
Bulgaria maintains its Second Place in the EU among Countries with the Lowest Debt
Bulgaria retains its second place in the EU among the countries with the lowest debt, according to the latest official data from Eurostat from July 2023
Bulgaria: Annual Inflation is 6.3%
A new drop in annual inflation is reported by the National Statistical Institute. Monthly inflation is -0.1%, and annual inflation is 6.3%
Bulgaria: The Cabinet approved an Increase in the Minimum Wage
The cabinet approved the new minimum wage parameters. From January 1 next year, it becomes 933 leva (or euros), which is nearly 20% more than the current minimum wage
The IMF expects Growth of the Bulgarian Economy by 1.7% in 2023 and by 3.2% in 2024
The International Monetary Fund expects Bulgaria's GDP growth to slow to 1.7% in 2023 from 3.4% last year, before accelerating to 3.2% in 2024
Bulgaria's Economy will Slow Down according to a World Bank report
After strong growth in 2022, the Bulgarian economy will slow down, following trends in the European Union, according to a World Bank report
January 1, 2025 - Bulgaria’s New Target Date for Entry into the Eurozone
Bulgaria will enter January 1, 2025 as the target date for adopting the euro in an official document, it became clear from the project published on the government website strategy.bg
Bulgaria is 43rd in the World in terms of Economic Freedom
Economic freedom in Bulgaria continues to decrease according to the "Economic Freedom of the World 2023" study published today by the Institute for Market Economics (IME) in collaboration with the Canadian Fraser Institute, ranking the country 43rd among
Bulgaria expects Annual Inflation of around 8%
Average annual inflation of around 8 percent is expected until the end of the year and decrease in the following year as well
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