Bulgaria and Japan have entered a new strategic phase in their economic partnership, Economy and Industry Minister Petar Dilov announced during the official closing ceremony of the World Expo 2025 in Osaka. The international exhibition, held between April 13 and October 13, gathered around 160 participating countries and attracted close to 28 million visitors. Minister…
The World Bank has revised upward its outlook for Bulgaria’s economy, projecting a 3% increase in gross domestic product (GDP) for 2025. This marks a 1% rise from the institution’s June forecast, as outlined in its Jobs and Prosperity: Autumn 2025 Economic Update for Europe and Central Asia. According to the new report, Bulgaria’s real…
Prime Minister Rosen Zhelyazkov described the contract with the Turkish state energy company Botas as a significant problem for Bulgaria’s energy sector, highlighting its long-term financial impact on Bulgargaz. According to Zhelyazkov, the agreement has already committed Bulgargaz to over 600 million leva (EUR 306 million) that the company is unable to repay. Over the…
Bulgarian companies should prepare for a decade of elevated US tariffs, which are currently seven to eight times higher than in 2024, according to the Economist Intelligence Unit (EIU). Analysts warn that these tariffs, likely to persist for the next 10 years, could not only restrict access to the world’s largest economy but also trigger…
Eurostat data reveal that Bulgarians are the least satisfied in the EU with their personal financial situation. While citizens in the Netherlands and Finland report the highest satisfaction levels, averaging 7.6 out of 10, Bulgarians, along with Greeks and Croatians, remain at the bottom. Overall, EU residents rate their financial situation at 6.6 points on…
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…