Bulgaria’s banking system is on track to surpass three billion leva in profits again this year, following the record-breaking 3.4-billion leva reported in 2023. According to the Bulgarian National Bank (BNB), commercial banks in the country had already posted a total profit of 3 billion leva as of the end of October. However, the growth…
Small grocery stores contribute approximately 10% to Bulgaria’s GDP. For the first time in a decade, traditional trade is outpacing the growth of modern trade, reversing a long-standing trend that had led to the closure of 10,000 family-owned stores in recent years. Despite fierce competition from hypermarkets, these small stores retain a significant market share…
Prime Minister Denys Shmyhal emphasized that given the security situation, it was currently impossible to partially open the airspace, so it was important to develop alternative routes for the delivery of goods and passengers. He said this during the International Transport Forum. “We have conducted a risk assessment and identified the need for air defense…
The situation in the energy sector is under control, efforts to overcome the consequences of the recent russia’s attack on energy facilities are ongoing, and the Government is closely working with international partners to support the energy sector. This was announced by Prime Minister of Ukraine Denys Shmyhal at a session of the Cabinet of…
The decision to buy or rent property in Bulgaria’s major cities, particularly Sofia, is influenced by various factors, with real estate experts suggesting that buying remains more advantageous than renting in the long term. Mortgage payments for purchasing an apartment in Sofia are typically similar to monthly rent, making homeownership an attractive option, especially in…
Wizz Air has announced four new routes from Varna for the summer 2025 season, marking a significant expansion of its operations in Bulgaria. Starting on March 31, 2025, the airline will introduce flights to Abu Dhabi, which will operate three times a week. Additionally, the airline is resuming services to Frankfurt-Hahn, Nuremberg and Tel Aviv.…
In Ukraine’s 2025 state budget over 2.2 trillion hryvnias, equivalent to 26.3% of GDP, has been earmarked for security and defense forces, the National Security and Defense Council (NSDC) of Ukraine has said on Facebook. “President of Ukraine Volodymyr Zelensky has signed the Law of Ukraine “On the State Budget of Ukraine for 2025″, passed…