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…
Almost a quarter of Bulgaria’s economy is in the shadow sector – about 23-24%. “On the other hand, there is not enough money for pension benefits, for young people, but for paying the second year of maternity leave for young mothers. Well, how could there be enough funds when a significant part of the business…
Greek tourists continue to show a steady interest in Bulgaria, with travel combining both leisure and religious motives. According to tour operators, the easing of cross-border travel has further encouraged this trend, making Bulgaria an increasingly attractive destination for visitors from the south. A recent analysis by the Institute for Marketing and Analysis at the…
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…
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…
Bulgarian fruit and vegetable producers warned that the survival of their sector was now at stake because of the lack of water for irrigation. The Chamber of Fruit and Vegetable Industry addressed an open letter to Parliament Speaker Natalia Kiselova and the heads of parliamentary groups, demanding an urgent meeting. According to the producers, crops…
In the second quarter of 2025, there was an increase in the income and expenses of Bulgarian households. The average total income per person was 3,620 leva (1,850 euros), up by 12.6% YoY. The largest share of income comes from wages (58.3%), according to data from the National Statistical Institute (NIS). Total expenses increased by…