New car sales across the European Union dropped by 1.9% in November, reflecting the ongoing challenges in the automotive sector, as weak demand continues to impact the region’s largest car manufacturers. Despite this overall decline, Bulgaria experienced a notable uptick in new car registrations, with a 14% increase in November, reaching 3,956 units. This downturn…
Foreign investment in Bulgaria has drastically fallen by 65% in 2024, according to the latest data from the Bulgarian National Bank reported at the end of October. This decline is attributed to several factors, including weakening demand from traditional markets in Europe and around the world, as well as ongoing political uncertainty within the country.…
Plovdiv has been ranked third among the top Christmas destinations in Europe for 2024 by Forbes. The recognition came from a survey conducted by the European Best Destinations tourist organization, which acknowledged Plovdiv as the “European capital of wine”. The survey gathered opinions from travelers who shared their favorite holiday spots, ranging from luxurious resorts…
Greek tourists are showing significant interest in spending the holiday season in Bulgaria this year. Travel agencies have reported a notable increase in bookings, with a Thessaloniki-based agency confirming that the number of clients heading to Bulgaria has doubled compared to the previous year. Popular destinations include the ski resorts of Bansko, Borovets and Pamporovo,…
Bulgaria is showing significant progress towards meeting the criteria for joining the eurozone, according to recent data. November statistics from the National Statistical Institute reveal that monthly inflation stood at 0.6%, while annual inflation reached 2.1%. Despite a slight acceleration in annual inflation, the monthly inflation rate has grown more slowly compared to October. Economist…
Annual inflation in Bulgaria accelerated in November, rising to 2.1% compared to 1.8% in October, marking a three-month high, according to data from the National Statistical Institute (NSI). On a monthly basis, the consumer price index increased by 0.6%, following a 1.1% rise in October. Food prices saw the most significant monthly increase in November,…
Excise taxes on tobacco products and alcoholic beverages, including beer, will rise in 2025 as part of a measure by the Ministry of Finance to boost government revenue. This increase is expected to make these goods more expensive for consumers. The excise tax on alcoholic drinks, including beer, is set to increase by 10% to…