In the dynamic context of our rapidly evolving global environment, the convergence of time-honored industries with state-of-the-art technologies has given rise to a myriad of inventive and forward-thinking solutions.
With inflation driving up costs, global debts are nearing record highs at $305 trillion - around $45 trillion higher than pre-pandemic levels
Our economy is growing. Not as well as it could, but still growing. We have coped well with the post-Covid restrictions as well as the effects of the war in Ukraine
The Governing Council of the Bulgarian National Bank has united around the idea of reproducing the design of the current exchange coins, which will ensure continuity in the monetary signs used and will facilitate the recognition of the new currency by Bul
The Bulgarian Parliament voted and elected Dimitar Radev as Governor of the Bulgarian National Bank (BNB) with a mandate of 6 years
For June, inflation decreased to 8.7 percent compared to a year earlier and for the month a deflation of minus 0.4 percent was reported
By the end of the year, commercial banks will be technically ready to accept the euro, according to, Dimitar Radev, Governor of the Bulgarian National Bank
GERB-SDS and WCC-DB reached an understanding on the general framework of the draft budget for 2023 at a meeting between Asen Vassilev and Kiril Petkov (WCC-DB) and Boyko Borissov (GERB-SDS) today in the room of GERB-SDS in the National Assembly
Is it possible to introduce the euro in parallel to the lev? According to Bulgarian businesses, the best option is the fastest adoption of the European currency, rather than its prolonged parallel use
It is calculated based on average annual inflation of 8.7% and economic growth of 1.8%
The Ministry of Finance is preparing a draft budget in which the indicators fully meet the Maastricht criteria, that is, for entry into the Eurozone. For now, Bulgaria plans to do this in 2025
For the first time in the last two years, the National Statistical Institute reported deflation
In the first quarter of 2023, the gross domestic product (GDP) grew by 2.3% compared to the first quarter of 2022 and by 0.5% compared to the fourth quarter of 2022 according to seasonally adjusted data
Asen Vassilev, the nominee for Minister of Finance in the Denkov-Gabriel cabinet, said that if the government is voted in today, work on Budget 2023 will begin tomorrow
An NSI survey shows that more than 75% of respondents had difficulty covering their daily expenses in the first three months of the year
The International Monetary Fund has yet to record enough banks cutting back on lending, and that could prompt the US Federal Reserve to reverse course with the rate hike cycle
Serious breaches, unfair trading practices and non-compliance with the Consumer Credit Act which distort the market
The Budget Committee of the Parliament adopted a decision to extend the current Law on the State Budget
This was stated by Iliya Lingorski from the BNB Board of Directors during a forum dedicated to the advantages for business and the economy of the adoption of the euro
If after June 10 there is no adopted budget for the year or a new extension of last year's budget, the state will only be able to spend as much as it collects
The Bulgarian National Bank (BNB) has no formal basis and has not suspended the technical work on the adoption of the euro
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
