Bulgaria’s Real Estate Market and the Euro: What to Expect After Adoption
The question of how Bulgaria’s adoption of the euro will influence the real estate market has sparked considerable interest among property owners
,,I have a commitment that there will be no compromise on anyone.'' This was announced by the mayor of Sofia Yordanka Fandakova in the morning block of BNT1 about the new problems that have arisen after the completion of the repair of the tram route along "Graf Ignatiev" Str.
The sanction for the whole site could amount to one million levs, the mayor said.
Yordanka Fandakova, Mayor of Sofia: Everyone has the right to defend himself. I do not accept any excuses, explanations and transfer of responsibility. Anyone working on this project is responsible. I have imposed penalties so far on both the contractor and the designer and the supervisor. They can reach up to one million.
Just over 20 million leva is the cost of the whole site repair, explained Fandakova.
Yordanka Fandakova, Mayor of Sofia: I have no right to choose company, which i like the most. There are procedures, public procurement, we have ensured maximum transparency. I have no concerns to impose sanctions, companies know there will be no compromise.
,,I bear my responsibility every day, but political speculations on this topic will not be accepted'', Fandakova is categorical.
British citizens arriving at Bulgarian airports can now use electronic gates for border control
Several Bulgarian banks have introduced a period during which individuals can deposit cash in leva into their accounts free of charge
Until July 14, Bulgaria’s Ministry of Agriculture is accepting proposals from farmers, processors, and traders on a new draft law aimed at regulating the supply chain
More than 500 Israeli tourists currently find themselves stranded along Bulgaria’s Black Sea coast
Wizz Air has announced the suspension of all its flights to and from Tel Aviv, as well as its European routes to Amman
With Bulgaria set to adopt the euro on January 1, 2026, questions are surfacing about whether the country might face financial risks similar to those that led to Greece’s debt crisis
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