Bulgaria marked its first official euro transactions shortly after the stroke of midnight on January 1, as the country officially adopted the single European currency. According to the payment service provider Borica AD, the very first successful euro withdrawal was recorded at 00:20 at an ATM in the popular seaside resort of Sunny Beach. Earlier,…
Bulgaria has recorded the largest drop in industrial production within the European Union for the fifth month in a row, according to preliminary data from Eurostat. In October, the country’s industrial output fell by 7.6% compared to the same month in 2024, a sharper decline than the 5.7% contraction reported in September. In contrast, industrial…
As of the end of November, household and NPISH (non-profit institutions serving households) deposits in Bulgaria reached 100.881 billion leva, marking a 15.8% rise compared with the same month in 2024, according to a report by the Bulgarian National Bank (BNB) on December 23. The growth in household deposits has been steady since July, following…
Ahead of Bulgaria’s entry into the eurozone on January 1, 2026, and due to heightened demand for euro coin starter kits featuring the national side, the Bulgarian National Bank (BNB) will extend its working hours for customer service on December 27. At the BNB central building, located at 1 Knyaz Alexander I Square in Sofia,…
2025 marked a historic year for investment gold, both globally and in Bulgaria, with record prices and growing investor interest. Over the past 12 months, gold surged nearly 60% year-on-year, setting more than 50 new price peaks, confirming its position as one of the best-performing assets. Despite a brief correction in October, the market has…
In October, Bulgaria recorded a current account deficit of 1.0646 billion euros, marking the largest monthly shortfall since September 2022, according to preliminary data from the Bulgarian National Bank (BNB) on the country’s balance of payments. The trade deficit also widened sharply, reaching 1.0444 billion euros, while foreign direct investment (FDI) inflows increased by 448.5…
Scope Ratings has completed its latest review of Bulgaria and confirmed the country’s long-term credit rating at A- with a stable outlook, alongside short-term ratings of S-1/Stable. The agency highlights several factors that continue to support Bulgaria’s position, most notably the forthcoming entry into the euro area, which is expected to bring significant advantages through…