In Bulgaria, the overwhelming majority of complaints about high electricity bills are coming from households that rely on electricity for heating, particularly through air conditioners, the Energy and Water Regulatory Commission (EWRC) reports. Plamen Mladenovski, chairman of the regulator, addressed a parliamentary hearing requested by the “Revival” group, explaining that almost 98% of the grievances…
Bulgaria has effectively completed the transition period for adopting the euro, though formal legal adoption remains pending. Euro banknotes are now fully integrated into circulation, with the process secured and well-organized. According to Vladimir Ivanov, head of the Euro Mechanism and chairman of the State Commission for Commodity Exchanges and Markets, 87% of levs have…
Bulgarian National Bank Governor Dimitar Radev took part in a meeting of EU Heads of Mission held under the European Presidency of the Republic of Cyprus. The discussion was organized at the initiative of Cyprus’ Ambassador to Sofia, H.E. Charalambos Kafkarides. Addressing the diplomats, Radev outlined three main themes: Bulgaria’s transition to the euro, the…
Bulgaria’s external debt reached just over EUR 25.37 billion at the end of 2025, Acting Finance Minister Georgi Klisurski reported during parliamentary oversight. Over the course of the year, the country’s obligations abroad grew by nearly EUR 7.3 billion, pushing the ratio of external debt to GDP up from 17% to 21%. Minister Klisurski stressed…
The Coordination Center for the Euro Adoption Mechanism held its regular briefing on February 23, highlighting that the process of adopting the euro in Bulgaria is progressing smoothly. One of the central points of discussion was the current inflation situation in the country. In January, the National Statistical Institute (NSI) released preliminary “flash inflation” data…
Average household income per person in Bulgaria grew more strongly than spending during the last quarter of 2025, according to data from the National Statistical Institute. The quarterly total income per household member reached BGN 3,687 (EUR 1,880), marking an increase of 9.4% compared to the same period in 2024. At the same time, average…
Bulgaria’s parliament has approved an agreement with North Macedonia to build and operate a cross-border railway tunnel connecting the two countries. Lawmakers passed the deal in both the first and second readings during a single parliamentary session. The agreement, signed on November 6, 2025, marks the culmination of years of Bulgarian efforts to link Sofia…