Construction of new homes has surged across several regions in Bulgaria, reflecting strong demand for both apartments and single-family houses. Builders are responding to buyers’ preferences, leading to a notable increase in new housing projects. In Sofia the second quarter of the year saw the start of construction on 295 residential buildings comprising 1,914 homes.…
The minimum wage in Bulgaria should increase to BGN 1,213 (around EUR 620) as of January 1, 2026, up from the current BGN 1,077, according to Luboslav Kostov, Chief Economist of the Confederation of Independent Trade Unions in Bulgaria (CITUB). Union representatives expressed concern that the government’s draft decree setting the new rate had not…
Most concessionaires along Bulgaria’s Southern Black Sea coast have already complied with the requirement to display prices for umbrellas and sun beds in both levs and euros. On Kraimorie beach, for example, boards with the updated rates are visible at each entrance. Concessionaire Nikolay Dimitrov explained that the tariffs were set in advance and could…
GERB leader Boyko Borissov met in Dusseldorf with Rheinmetall CEO Armin Papperger to discuss major defense investments in Bulgaria. During the talks, it was revealed that within the next three weeks contracts would be finalized for the establishment of a joint venture between Rheinmetall and a Bulgarian company, paving the way for the construction of…
The Bulgarian government has taken on a new loan of BGN 300 million from the domestic market, bringing the country’s newly accumulated debt since the beginning of 2025 to a record BGN 16.5 billion. According to the Ministry of Finance, it issued three-year government securities worth BGN 300 million at an average annual yield of…
Beginning from December 1, commercial banks and post offices across Bulgaria will offer promotional starter sets with the new euro coins, which will feature national symbols and inscriptions on one side. The initiative aims to familiarize citizens with the new currency ahead of its official adoption as Bulgaria’s legal tender on January 1, 2026. Distribution…
Bulgaria should continue pursuing its oil and gas projects while strictly adhering to environmental legislation, the Ministry of Energy has stated. This response came after Greenpeace urged the country to halt all oil and gas operations in the Black Sea. Environmental groups, including Greenpeace and Skytruth, have highlighted the presence of around 170 oil and…