Weather In Bulgaria On March 29: Sunny Skies and Rising Temperatures Across The Country
Bulgaria is set to experience favorable weather conditions on March 29, with mostly sunny skies forecasted across the country
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Bulgaria remains one of Europe's biggest recipients of remittances in 2010, according to the latest "Migration and Remittances Factbook" by the World Bank.
Based on the country rankings shown in the report, remittances to Bulgaria are estimated to reach nearly USD 1.6 B for the entire 2010, staying more or less flat over the previous year, when migrants sent home remittances to the order of an estimated 5.3% of GDP .
Remittances from migrant workers are a lifeline to large sections of the Bulgarian economy, particularly the retail trade and the housing market.
According to the World Bank, Bulgaria has one of the highest proportions of its population working abroad of any country in the world.
Approximately 1,2 million Bulgarians are currently based abroad, equal to 16% of the population.
The biggest Bulgarian communities are based in Spain, Germany, Greece, Italy, Romania and Turkey.
Migrants are continuing to send sizeable sums of money to their home countries despite the economic downturn, with 2010 remittances totaling some USD 325 B, up by 6% over the previous year, according to the World Bank report.
The five countries receiving the greatest amount of money were India, China, Mexico, the Philippines and France, the World Bank said.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
Svetoslav Stanulov, chairman of the Association of Bulgarian Airlines (ABA), has emphasized the need to assess Sofia Airport's potential as a hub for transit and transfer flights
Pegasus Airlines is set to recommence its scheduled flights between Sofia and Istanbul, marking a significant milestone in air travel connectivity between Bulgaria and Turkey
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022