In June, Bulgaria saw a notable increase in the total number of overnight stays in hotels and other accommodation, reaching 3.5 million, which marked a 5.9% rise from the previous year, according to the National Statistical Institute. The overall number of overnight stays grew by 6%, while hotel occupancy rates also improved, climbing by 2%,…
The Bulgarian National Bank (BNB) anticipates a gradual slowdown in annual inflation during the second half of the year, as outlined in Issue 2 of its quarterly publication, “Ikonomicheski pregled” (Economic Review), available on the central bank’s website. According to the report, private consumption and rising unit labor costs, particularly in the context of labor…
According to Associate Dr. Rumen Draganov, director of the Institute for Analyzes and Forecasts of the Information Environment in Tourism, Bulgaria is poised for a strong tourist season this year. Draganov forecasts that the number of foreign tourists will surpass 13 million, marking a 5% to 7% increase from 12.5 million in 2019, the last…
The Bulgarian Parliament has approved the regulations for replacing the lev with the euro, even though Bulgaria has not yet met the criteria for joining the Eurozone. The process for the currency transition is now outlined, despite the country’s current political challenges. Preslav Kitipov, chairman of the Association “Institute of Certified Financial Consultants”, and financial…
Burgas is increasingly being recognized as a top city to live in Bulgaria, according to Alexander Bochev, chairman of the Board of Directors of the National Real Estate Association (NREA). Sofia, Varna and Plovdiv in real estate activity, showing nearly a 40% growth in transactions and a rising trend in the purchase of second vacation…
“Bulgaria Air” continues its operations between Sofia and Tel Aviv amidst the heightened tensions in the Middle East, ensuring safe travel for its passengers as part of its mission as a national carrier. The airline’s press center announced that flights would continue with adjusted schedules from August 9 to 13, following official recommendations from Israeli…
A family from Lithuania paid nearly 1,500 leva (750 euros) for an examination and treatment for their 9-year-old daughter at a private medical practice in the Golden Sands resort near Varna. While not illegal, as these are commercial entities that can set their own prices, the fees must be advertised so patients are aware. The…