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Some 15 000 – 20 000 Russians will not be able to spend their holidays in Bulgaria due to bankruptcies of Russian tour operators.
In an interview for Monitor daily, Bayko Baykov, Chair of the Association of Bulgarian Tour Operators and Travel Agents, argued that the decline was observable on all outbound markets for Russia without exception.
He suggested that the bankruptcies of Russian companies in the sector would also have a direct impact on transport schemes.
Baykov said that the devaluation of the Russian ruble had affected the purchasing power of tourists, adding that the situation required great flexibility on the part of tour operators.
Meanwhile, yet another Russian travel agency announced Tuesday that it was suspending its activities.
IntAir said in a media statement that it was suspending operations due to the negative impact of currency trends and the political situation.
IntAir suffered a similar fate to four other Russian travel agencies, including Saint Petersburg-based Neva and Expo Tour, and Moscow-based Labirint and Roza Vetrov Mir.
Russia's state travel watchdog Rosturism admitted Tuesday that the suspension of the activities of IntAir would have a negative impact on tourism sector.
The "Turpomosht" association is currently helping stranded Russian tourists to return from their holiday destinations.
Bulgarian business is riding a wave of momentum in the second quarter of 2025, with newly established companies growing by 7.3% - a pace faster than the EU average of 4.6%
Bankruptcies in Bulgaria are expected to increase by 2% in both 2025 and 2026
A group of mid-sized US banks has called on US federal regulators to guarantee all their customers' deposits for 2 years, even if they are above the guaranteed deposit limit of up to $250,000
100% increase of Ukrainian citizens arriving at the Bulgarian "Durankulak" border checkpoint has been noted in recent days. The situation has changed dramatically due to the increased flow of people who, after the strike against the railway station in Kra
Increased interest in charter programs for Christmas and New Year, according to tour operators. However, tourists are sensitive to all restrictive measures and many of the registrations are at the last minute.
Tour operators expect a difficult and challenging winter season. There is a risk that the traditional winter tourists from Great Britain, the Scandinavian and Bulgaria's neighboring countries will give up their intentions to come to Bulgaria.
Specialists in the real estate and tourism sectors are forecasting a notable rise in the prices of vacation properties in Bulgaria, with estimates pointing to an increase of between 25% and 30%
The ski zone above Bansko is set to welcome visitors during the Easter holidays with exceptional late-season conditions, as snow cover near Todorka Peak has reached close to three meters
President Iliana Yotova has called for Bulgaria to be actively promoted as a safe and competitively priced destination in order to secure a strong tourist season, during a meeting with caretaker Tourism Minister Irena Georgieva
From May 20, 2026, around half of Bulgarian short-term rental listings are expected to disappear from platforms such as Airbnb and Booking, as new EU rules on digital registration and data exchange come into force
Sofia’s Vasil Levski Airport is entering the summer 2026 season with a significantly expanded flight network, offering more destinations and greater connectivity across Europe and beyond
The Bulgarian Ministry of Foreign Affairs has elevated the travel risk level for Cuba to Level 4, advising citizens to avoid travel to the country except in situations of extreme necessity.
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