Bulgaria: eurozone inflation criteria to be met by September 2024

Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September, according to Finance Minister Asen Vassilev. Speaking at a conference focused on the currency union, Vassilev expressed confidence in Bulgaria’s ability to fulfill the necessary criteria within the specified timeframe. “Inflation is declining rapidly, currently standing at 3.3%, below the…

Bulgaria: Bulgaria Air to connect Sofia with Baku

The Cabinet has designated “Bulgaria Air” JSC as the official air carrier for the international route linking Sofia with Baku. This strategic decision aims to facilitate easier travel between the two nations while opening up new avenues for business and transit passengers. The announcement comes as “Bulgaria Air” expresses its readiness to commence regular passenger…

Bulgaria: economy up in 2023

The National Statistical Institute (NSI) released preliminary data revealing that Bulgaria’s gross domestic product (GDP) experienced a modest growth of 1.8% in real terms in 2023. This expansion marks a slowdown compared to the 3.9% growth recorded in the previous year, according to aggregated quarterly data. In 2023, Bulgaria’s GDP reached a nominal value of…