Fewer households in Bulgaria are relying on wood for heating. Although wood remains the preferred fuel source in mountainous and semi-mountainous areas, supply issues persist, particularly for elderly residents who struggle to split and store firewood. Asya Sarieva, an 88-year-old from the mountains, plans to heat her home with wood again this winter due to…
The number of young people up to the age of 25 who are heavily in debt is on the rise in Bulgaria, with the fastest-growing demographic being young individuals, even those with stable incomes. Financial mismanagement is primarily to blame, particularly among men, who tend to incur more debt than women. This alarming trend is…
Bulgaria’s Ministry of Finance is optimistic that the final requirement for joining the Eurozone will be met until December, according to the acting Deputy Prime Minister and Minister Lyudmila Petkova. This criterion pertains to inflation, and Bulgaria plans to request a new assessment within two weeks following its fulfillment. During a presentation on the financial…
Tourism Minister Evtim Miloshev announced that 2024 had been the best year for Bulgarian tourism since the introduction of statistical tracking. Indicators such as tourism revenue, accommodations, tourist numbers, registrations and border checkpoint traffic have all reached record levels. Despite the positive data, Miloshev noted that Bulgaria’s resorts still faced significant challenges that needed addressing.…
In Bulgaria, purchasing a 100-square meter apartment requires the equivalent of 199 monthly salaries, according to a recent study that compares real estate prices across 62 countries against average local wages. The report by BestBrokers.com identifies Denmark as the most affordable country in Europe for homebuyers relative to average income, where the average cost of…
Bulgaria’s state gas supply company Bulgargaz has once again blocked all accounts belonging to the municipal heating company Toplofikatsia Sofia (Heating Systems Sofia). This development was initially reported by Focus media, citing reliable sources, and later confirmed by BNT. This marks the first time such action has been taken by Bulgargaz, despite numerous letters regarding…
A sociological survey conducted by the Trend agency and commissioned by the Expert Club for Economics and Politics (EKIP) reveals that 73% of Bulgarians feel their savings have diminished due to high inflation since mid-2021. Max Baklayan, an investment expert at EKIP, explained that the proper approach to finances was to prioritize saving for future…