Bulgaria's Tourism Shifts Toward Experience-Focused Stays as Demand Grows
Tourism in Bulgaria is increasingly shifting from traditional hotel stays to more experience-focused offerings
Bulgaria’s Supreme Administrative Court has delayed until February 9 hearings on the lawsuit launched by shareholders of collapsed Corporate Commercial Bank against the revocation of the bank’s licence.
The delay announced on Monday was prompted by an earlier failure to secure proper representation of the bank, known by its Bulgarian acronym KTB, at the lawsuit filed by majority shareholder Bromak EOOD and a company controlled by Omani sovereign wealth fund.
KTB had been initially represented by administrators appointed by Bulgaria’s central bank BNB, which last month scrapped KTB’s banking licence and asked Sofia City Court to declare the lender insolvent.
Another reason for the delay, the administrative court said, was that the BNB representatives at the trial lacked proper authorization. According to the court, they should have been authorized by the BNB’s Board of Governors, which has cancelled KTB’s licence, and not by BNB’s Governor Ivan Iskrov.
The lawsuit at the Supreme Administrative Court has stalled the insolvency proceedings against KTB launched by the BNB with Sofia City Court. The insolvency lawsuit could only proceed after the Supreme Administrative Court has ruled on the appeals.
In Krivodol, a municipality in Northwestern Bulgaria, local authorities are taking steps toward the eurozone transition well ahead of the February 20 deadline
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Bulgaria Air is expanding its network of international routes for the upcoming summer season
Boyko Borissov, leader of GERB, defended the government’s progress on Bulgaria’s path to the eurozone
Bulgaria could adopt the euro as its official currency from January 1, 2026, if it successfully meets the necessary criteria for joining the eurozone
The municipal councils in Kozloduy and Krivodol have become the first in Bulgaria to implement dual pricing for municipal services, taxes, and fees
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