Bulgaria's Hotel Sector Faces Workforce Shortages and High Taxes Ahead of 2025 Season
Veselin Danev, chairman of the Bulgarian Hotel Association, highlighted a major issue in Bulgaria’s tourism sector: a significant decline in the workforce
Representatives of SINO - CEEF capital, part of the world's largest bank, the Chinese ICBC, will be visiting Bulgaria to explore projects with investment potential. This is reported by the press center of the Ministry of Economy.
The Chinese will visit our country after an invitation by Deputy Economy Minister Alexander Manolev to Shimon Ostrovski, ICBC Director and President of the SINO Instrument, who have spoken in Warsaw.
China's Industrial and Commercial Bank (ICBC) is the world's largest bank in the market capitalization, customer deposit, profit and brand value. The Bank provides comprehensive financial products and services to 5.77 million corporate customers and 520 million personal banking customers through a distribution network of 16,939 local institutions, 412 foreign institutions and more than 1,608 correspondent banks worldwide, as well as through electronic banking.
"Bulgaria is one of the countries where we do not have large-scale projects and we have an interest in expanding our activity in this region," said Shimon Ostrovski. According to him, the bank is interested in projects worth over EUR 50 million and is also ready to invest in the infrastructure of the country.
The International Monetary Fund (IMF) has revised its forecast for Bulgaria’s economic growth, predicting a slowdown to 2.5% in 2025
Following its earlier confirmation of Bulgaria's credit rating at Baa1, Moody's has revised the outlook for the country's banking sector from stable to positive
Cryptocurrency has become a significant part of the financial world, but as it grows, so do the questions about Know Your Customer (KYC) requirements.
Macroeconomist Stoyan Panchev, an analyst from the Expert Club for Economics and Politics, warned that Bulgaria could face significant challenges if it rushes into joining the eurozone
Bulgarian Posts will carry out the exchange of levs into euros in 2,230 post office locations across the country
Bulgaria has fulfilled the final requirement for joining the eurozone by meeting the budget deficit criterion
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase