Foreign Interest Surges in Bulgarian Property Market, Especially in Resorts
Real estate agents have reported a surge in property purchases by foreigners in Bulgaria's resorts and major cities like Sofia, Plovdiv, Varna, and Burgas
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Minimum Wage Hike on the Horizon for Bulgaria in 2025
Starting from January 1, 2025, Bulgaria aims to raise its minimum wage to at least BGN 1,080 (EUR 552), a significant increase from the current BGN 933
A Complete Guide for Bulgarian Investors Investing in Off-Plan Property in Dubai
A comprehensive guide for Bulgarian investors looking to enter Dubai's lucrative off-plan property market, including benefits, the buying process, best areas, and essential considerations.
Bulgaria's Eurozone Ambitions by 2025: Addressing Inflation and Economic Alignment
Bulgaria’s prospects for joining the euro in 2025 have been bolstered by a cooling annual inflation rate, which dropped to the eurozone average of 2.4% in April, marking its first dip below 3% since the summer of 2021
Price Discrepancies Found in Bulgarian Online Stores Reselling from Chinese Sites
Many Bulgarian consumers are raising concerns about the resale of goods from Chinese sites like Temu and Shein at higher prices in Bulgarian physical and electronic stores
Bulgarian Tourism Sees Strong Start, Faces Staffing Challenges
Coastal hoteliers are increasing employee wages by at least 20% to address the staff shortage
Economic Update: EU Inflation Holds Steady, Bulgaria Sees Decrease
In April, inflation across the European Union remained steady, with both the EU and the Eurozone recording a rate of 2.6% and 2.4%, respectively, according to data from Eurostat, the official statistics agency of the EU
End of an Era: Simeonovo Lift on Vitosha Mountain in Sofia Ceases Operations Forever
The Simeonovo lift, located on Vitosha Mountain, has ceased operations permanently due to unavailability of necessary parts
Bulgaria Lags Behind in E-Business Software Adoption Across EU
In 2023, the adoption of electronic business applications among enterprises in the EU varied considerably based on their size
Bulgargaz Pursues Legal Action Against Gazprom Over Gas Supply Cuts
During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
Financial Expert's Projections: If Inflation Continues to Fall Bulgaria Can Adopt the Euro in 2025
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026
Unconfirmed: Ukrainian Army Halts Russian Offensive in Kharkiv
According to AFP, the Ukrainian army has declared a halt to the Russian offensive in certain areas of the northeastern Kharkiv region
BNB: Bulgaria Must Join the Eurozone As Soon As Possible To Avoid the Losses of Billions
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
Former Finance Minister: Bulgaria Can Enter the Eurozone in 2026 at the Earliest
Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026
Bulgaria's GDP Shows Modest Growth in Early 2024
In the initial quarter of 2024, Bulgaria's economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year
Bulgaria Ranks Among Top Three in Europe for Sheep Farming Subsidies
Bulgaria ranks among the top three countries in Europe in terms of financial support for sheep farming, yet the sector struggles due to outdated farming practices
Bulgarian Banker: No One Enters the Eurozone in the Middle of the Year
According to Levon Hampartzoumian, the likelihood of Bulgaria joining the Eurozone in 2025 is very slim, as no country has ever entered during the middle of the year
French President Macron Recommends Varna as a Must-Visit Destination
French President Emmanuel Macron has designated Varna as one of his favored travel destination
Wizz Air Introduces New Varna to London Gatwick Route
"Wizz Air" has unveiled a fresh route from Varna to London Gatwick Airport, marking an expansion in its flight offerings
Proposed Price Adjustments: Heating Costs in Sofia May See Significant Reduction
"Toplofikatsia Sofia," the capital's heating supply company, has proposed a significant reduction in the price of thermal energy starting from July 1st
Bulgaria Will Not Fulfill the Criteria for the Euro by the June Report
According to Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), Bulgaria will not meet all the requirements for joining the Eurozone by the time the convergence report is released in June
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COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU
