Bulgaria Expects Boost in Winter Tourism with Increased Foreign Visitors
Bulgaria is expecting a boost in winter tourism this year, with about 3.1 million foreign visitors projected between December and March
According to a World Bank report, Bulgaria has been recognized as one of the leading countries for business operations. Lachezar Bogdanov, Chief Economist at the Institute for Market Economy, discussed the findings during an interview on Nova TV.
He explained that various factors influence business development, including regulations, the regulatory environment, and taxation. While Bulgaria performs well in certain areas, Bogdanov stressed that this alone is not sufficient for sustained growth.
The economist highlighted the importance of drafting the national budget for the coming year. He pointed out the need for clarity on the timing and allocation of funds from the National Recovery and Resilience Plan and operational programs. Additionally, preparing forecasts for the next two years and providing clarity regarding the future of the euro are crucial. He emphasized that addressing these issues is contingent upon resolving the ongoing political crisis.
The Bulgarian National Bank (BNB) has voiced strong opposition to a proposed 10% tax on banks' excess profits, citing concerns that it would destabilize the financial sector
Tourist interest in Christmas and New Year holiday packages is exceptionally high this year
Economist Rumen Galabinov has stated that Bulgaria's potential future membership in the Eurozone could significantly benefit the country's economy
The Gross Domestic Product (GDP) for Bulgaria in the third quarter of 2024 grew by 2.4% compared to the same period in 2023
Remote work has become one of the most important trends in recent years.
In Bulgaria, the current labor market is facing a situation where job supply exceeds demand, creating challenges for employers
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