Business » Finance

Euro Adoption in Bulgaria: Prospects and Concerns for 2025 Transition

As Bulgaria gears up for its much-anticipated integration into the Eurozone in 2025, the journey toward adopting the euro has sparked a mixed bag of expectations and uncertainties among both citizens and economic analysts

Business » Finance | January 2, 2024, Tuesday // 16:22 | Viewed: 7465

UK SFO and Dechert could Pay Millions of pounds to ENRC due to Mistakes and Collusion - Court Decision

The UK's anti-fraud watchdog (SFO), which allegedly colluded with law firm Dechert, could potentially pay millions of pounds to mining corporation Eurasian Natural Resources Corporation (ENRC) following a High Court ruling.

Business » Finance | January 2, 2024, Tuesday // 12:30 | Viewed: 3864

Bitcoin Surpasses 45,000 Mark, Paving the Way for Potential ETF Approval

As 2024 kicks off, Bitcoin surges above the 45,000 threshold, marking its highest value since April 2022, riding on a wave of investor optimism and anticipation surrounding the possible green light for exchange-traded bitcoin funds on the spot market

Business » Finance | January 2, 2024, Tuesday // 11:21 | Viewed: 2157

Celebrating 25 Years of the Euro: Bulgaria Aims to Join the Currency Union

Marking a significant milestone, the euro commemorates its 25th anniversary since its inception

Business » Finance | January 1, 2024, Monday // 13:58 | Viewed: 10898

Bulgaria Kicks Off 2024 with Approved State Budget Amid Economic Projections

Bulgaria ushers in the new year on a different note, as the State Budget Act for 2024 gets the green light, marking a departure from previous years of budgetary uncertainties

Business » Finance | December 31, 2023, Sunday // 11:05 | Viewed: 2741

Transformative Measures: Bulgaria's Wage Increase and Pension Surge Announced

In a recent update on the Labour and Social Policy Ministry's achievements from June to December 2023, Minister Ivanka Shalapatova revealed plans for a significant increase in the minimum monthly wage, set to rise to BGN 933, marking nearly a 20% incremen

Business » Finance | December 29, 2023, Friday // 15:21 | Viewed: 5683

Debt Check: Bulgaria's External Liabilities Dip Below EUR 42.5 Million

Bulgaria's Gross External Debt stood at approximately EUR 42,410 million by the end of October 2023, marking a 3.7% decrease from the same period in 2022, according to data released by the Bulgarian National Bank (BNB)

Business » Finance | December 29, 2023, Friday // 15:06 | Viewed: 3129

Government Greenlights New Law Paving Bulgaria's Path to Eurozone Entry

The Bulgarian government has given its nod to a brand-new Law on the Bulgarian National Bank (BNB), specifically designed to facilitate Bulgaria's seamless integration into the Eurozone

Business » Finance | December 28, 2023, Thursday // 17:30 | Viewed: 4731

Bulgarian Parliament Passes 2024 State Budget Spending Items On Second Reading

The National Assembly made significant strides on Thursday, greenlighting key spending allocations from the 2024 State Budget Bill during the second reading

Business » Finance | December 21, 2023, Thursday // 17:07 | Viewed: 3670

Bulgaria Ranks Second in EU for Soaring Wage Growth in Q3 of 2023

Bulgaria has surged to the forefront of EU countries for its remarkable wage growth in the third quarter of 2023, showcasing an impressive 15.8% increase in hourly wage costs compared to the same period last year

Business » Finance | December 15, 2023, Friday // 17:00 | Viewed: 5508

Bulgaria's November 2023: Inflation Nudges Up by 0.3%

The latest report from the National Statistical Institute sheds light on Bulgaria's inflation trends for November 2023

Business » Finance | December 15, 2023, Friday // 15:56 | Viewed: 4506

Bulgaria's Average Salary Soars to BGN 2,000 in Q3 2022

Bulgaria witnesses a notable surge in average salaries, with Ministry of Labour and Social Policy data revealing an upswing in the third quarter of 2022

Business » Finance | December 12, 2023, Tuesday // 17:00 | Viewed: 4867

Bulgaria's Economy Shows Moderate Growth in Third Quarter Amid Sector Shifts

In the third quarter of 2023, the Bulgarian economy experienced a 0.4% growth compared to the preceding quarter, maintaining a similar growth pattern seen earlier

Business » Finance | December 7, 2023, Thursday // 12:21 | Viewed: 2847

Bulgarian Finance Minister Reports State Budget Deficit Drop in November

Finance Minister Asen Vassilev announced a significant decline in the state budget deficit for November, reaching a mere 0.6%. This marks a milestone in over two decades, with revenue from taxes surpassing expenditures—a first in this time frame

Business » Finance | December 1, 2023, Friday // 15:50 | Viewed: 2596

Bulgaria's Economic Outlook: OECD Forecasts 2.8% Growth in 2024

The Organisation for Economic Co-operation and Development (OECD) has revised Bulgaria's economic growth forecasts in its latest World Economic Outlook report, signaling a 1.7% growth rate for 2023, slowing due to external factors, with a projected accele

Business » Finance | November 30, 2023, Thursday // 11:03 | Viewed: 3112

Sergey Kondratenko: Regulation in Open Banking, Approaches of Different Countries

In recent years, the financial sector has been undergoing significant changes due to widespread digital transformation.

Business » Finance | November 30, 2023, Thursday // 09:53 | Viewed: 2462

Bulgarian National Bank Governor Recommends Fiscal Buffer in 2024 Budget

During a parliamentary budget committee meeting, Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), advocated for a strategic fiscal approach, proposing a 10% buffer allocation within the budget for 2024

Business » Finance | November 28, 2023, Tuesday // 16:01 | Viewed: 2368

Countdown to Eurozone: Bulgaria Awaits June Decision

Deputy Governor of the Bulgarian National Bank (BNB), Andrey Gyurov, has highlighted June as the pivotal month for Bulgaria's Eurozone aspirations

Business » Finance | November 25, 2023, Saturday // 12:26 | Viewed: 5696

Standard & Poor's Raised the Outlook for Bulgaria's Credit Rating

The international rating agency "Standard & Poor's" raised the outlook for Bulgaria's credit rating to positive from stable, the Ministry of Finance announced

Business » Finance | November 25, 2023, Saturday // 10:44 | Viewed: 4338

New Tax Rules in Bulgaria: EU Directive Impacts Multinationals

Bulgaria's parliament advances changes to the Corporate Income Tax Act during its first reading, aligning with the European Directive aimed at ensuring minimum effective taxation for multinational corporations in the EU single market

Business » Finance | November 25, 2023, Saturday // 08:08 | Viewed: 5067

Bulgaria's 2024 State Budget Approved with 3% Deficit to Meet Eurozone Criteria

Bulgaria's government greenlights the 2024 state budget, securing approval for the medium-term forecast and insurance budgets. Finance Minister Assen Vassilev notes potential revisions if revenues exceed expectations

Business » Finance | November 24, 2023, Friday // 18:44 | Viewed: 3949
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