Bulgaria: country joins Europe’s Beneficiary Verification scheme to combat online payment fraud

BORICA has officially become the first and only Bulgarian provider registered in the public register of the European Payments Council (EPC), following the completion of registration and technical compliance procedures. This milestone positions Bulgaria alongside technologically advanced European markets where online transfers are secured by verifying that the IBAN and the recipient’s name match. The…

Bulgaria: number of new companies increases

Bulgarian business is riding a wave of momentum in the second quarter of 2025, with newly established companies growing by 7.3% – a pace faster than the EU average of 4.6%. According to Eurostat’s latest figures, Bulgaria is emerging as an increasingly dynamic player on the European entrepreneurial map. Yet, alongside this boom, the country…

Bulgaria: retail markups reach up to 70%

The Confederation of Independent Trade Unions in Bulgaria (CITUB) has highlighted notable discrepancies between wholesale and retail prices, with markups on certain products reaching as high as 70%. The latest monthly monitoring of goods in the so-called small consumer basket shows that smaller retail outlets continue to offer slightly lower prices than large chains, with…