In June, the number of Bulgarians traveling abroad reached 943.6 thousand, up by 10.4% YoY. Data from the National Statistical Institute (NSI) indicate a rise in trips across all recorded categories. Turkey and Greece remain the most preferred destinations for Bulgarian travelers, with 246.1 thousand and 219.8 thousand visits, respectively. Other countries drawing significant numbers…
The Bulgarian Chamber of Commerce and Industry (BCCI) President Tsvetan Simeonov introduced the latest edition of the “Bulgaria in Figures” report. Now in its 16th year, this report is published exclusively in English to provide foreign investors with reliable and precise insights into Bulgaria’s economic landscape. Compiled using data from the National Statistical Institute and…
In accordance with the Cabinet of Ministers decision, Naftogaz has transferred UAH 10.4 billion in dividends and corporate income tax to the state budget based on its 2024 performance. As directed by the government, Naftogaz has already allocated the rest of its profit to help prepare the country for the winter heating season, including the…
Last week, under the state program “Affordable Loans at 5-7-9%”, entrepreneurs received 291 preferential loans from authorized banks for a total amount of UAH 0.7 billion, including 182 loans totaling UAH 0.3 billion from banks in the public sector. Since the beginning of 2025, entrepreneurs have received 15,891 loans worth UAH 49.1 billion under the…
Housing loans in Bulgaria remain among the most affordable in Europe, with mortgage lending reaching record levels, according to credit expert Tihomir Toshev. Speaking on the program Nova TV, Toshev highlighted that despite a recent slight dip in mortgage interest rates, largely due to a promotional offer from one bank, most leading lenders were keeping…
Lithuania plans to spend EUR 500 million over the next decade on anti-tank mines, prioritising local manufacturers. However, domestic companies say the current technical specifications appear tailored to Poland-made mines, raising concerns about whether it’s viable to invest in domestic production. Five Lithuanian firms are considering participation in a Defence Ministry tender to supply anti-tank…
The recent amendments to Bulgaria’s Euro Introduction Law have sparked significant controversy, with prominent economists and political figures voicing sharp criticism over its unclear provisions and broad regulatory powers. Lachezar Bogdanov, chief economist at the Institute for Market Economics, described the law as “more of a scarecrow law,” warning that while it might be intended…