According to the latest Global Property Index from international consulting firm Deloitte, Bulgaria boasts the highest number of dwellings per 1,000 people in Europe, with 668 homes for every 1,000 citizens. Spain follows in the second place with 559 dwellings per 1,000 people, while France ranks third with 553. Countries like Germany, Belgium and Norway,…
The Financial Supervision Commission (FSC) has alerted its regulated entities about advancing to the next phase of preparations for introducing the euro in Bulgaria, highlighting the crucial role of the non-banking financial sector. As outlined in the Action Plan for euro adoption, the FSC is tasked with initiating the process of updating information systems in…
During the day on September 29, engineers restored power supply to 27,400 consumers who lost power due to hostilities and technological disruptions. This was reported by the Ministry of Energy. “As of the morning of September 30, 484 settlements remained partially or completely de-energized due to hostilities and technical violations,” the statement said. During the…
The Cabinet of Ministers has adopted a number of resolutions to reform the state reserve system. Prime Minister Denys Shmyhal announced this during an offsite meeting of the Government in Mykolaiv on September 26. “A new respective law has been adopted, which provides for a fundamental change in approaches in this area. Changes are based…
Bulgaria risks losing at least 2 billion leva (1 billion euros) in European funding due to the National Assembly’s failure to approve amendments to the Recovery and Sustainability Plan, along with the new chapter and updated roadmap for climate neutrality. Acting Deputy Prime Minister and Finance Minister Lyudmila Petkova warned at a media briefing following…
The average price of electricity in the Baltic States increased by 9% in August compared to July, to 106.95 EUR/MWh, JSC “Latvenergo” Financial Products Specialist Inga Martinsone said in the company’s latest Electricity Market Review. Last month the lowest hourly price of electricity in the Baltic States was -19.96 EUR/MWh, whereas the highest was 407.42…
The Ministry of Finance is working on a budget with a deficit of up to 3% on an accrued basis, the Deputy Minister Martin Danovski has confirmed. This figure aligns with the Maastricht Treaty criteria, which is essential for Bulgaria’s entry into the Eurozone. When asked about the clarity on the main financial parameters for…