Accommodation prices in Burgas have surged dramatically following the announcement that the Black Sea city will host the Eurovision Song Contest in May 2027, with some listings reaching more than EUR 4,000 per night and three-night stays exceeding EUR 12,000. The sharp increase appeared within hours of the official announcement. According to the supplied information…
Bulgaria recorded the sharpest decline in road freight transport in the European Union in 2024, with the sector shrinking by 18.6% compared with the previous year, according to the latest Eurostat data. The drop placed Bulgaria at the bottom of the EU ranking, while overall road freight transport across the bloc increased slightly by 0.6%.…
More than half of Bulgarians drink beer at least once a week, while around three-quarters consume it at least once a month, according to data released by the Union of Brewers in Bulgaria. The figures were presented to mark the brewers’ professional holiday, Ilinden, as well as the 145th anniversary of the Bulgarian brewing industry,…
Bulgarian companies are among the least indebted in the European Union, according to the latest Eurostat data for the end of 2025. Corporate debt among non-financial enterprises in Bulgaria stands at 45% of gross domestic product, significantly below the EU average of 70.1% and the euro area average of 71.6%. Based on this indicator, Bulgaria…
Bulgaria recorded the lowest unemployment rate in the European Union in May, with just 2.9% of the labor force out of work, according to the latest figures released by the European Statistical Office. The result placed Bulgaria ahead of every other EU member state, while unemployment across the broader eurozone remained unchanged at 6.2% and…
The Council of Ministers has approved the draft state budget for 2026, with Finance Minister Galab Donev saying the proposal now moves to the National Assembly for detailed debate and amendments, where he expects “serious, responsible and meaningful work” on its final shape. Presenting the main parameters after the cabinet meeting, Donev said discussions with…
The Bulgarian government presented its draft budget for 2026 on June 24, setting a deficit of 5.7% of GDP, the highest figure in three decades, and immediately drew fire from opposition parties who accused the Cabinet of repeating the same fiscal practices it once condemned. Deputy Prime Minister and Finance Minister Galab Donev outlined the…