The recent amendments to Bulgaria’s Euro Introduction Law have sparked significant controversy, with prominent economists and political figures voicing sharp criticism over its unclear provisions and broad regulatory powers. Lachezar Bogdanov, chief economist at the Institute for Market Economics, described the law as “more of a scarecrow law,” warning that while it might be intended…
Since the beginning of the public campaign to explain Bulgaria’s adoption of the euro, over BGN 1 billion has flowed into the country’s banking system. The shift appears to be largely driven by growing public awareness and confidence regarding the upcoming currency transition. Banks in Bulgaria were among the first sectors to begin preparing for…
About 31% of Bulgarian companies have used the services of the Bulgarian Trade and Economic Services abroad, according to a survey by the Bulgarian Chamber of Commerce and Industry. 32% of respondents said they did not know what services the foreign representative offices of the Ministry of Economy provided. 37% indicated that they only worked…
Bulgaria remains among the European Union countries with the shortest average work life, according to the latest data released by Eurostat. In 2024, Bulgarians are expected to remain active in the labor market for an average of 34.8 years. This figure is identical in Croatia and Greece, placing the three countries near the bottom of…
Hotel revenue in Bulgaria has grown by approximately 10%, though costs for the sector have also climbed, rising by between 10% and 20%. This was stated by Georgi Duchev, Executive Director of the Bulgarian Association of Professionals in Hotel Management. According to an analysis by the association covering the first six months of the year,…
With July 8 now behind, Bulgaria is firmly set to adopt the euro on January 1, 2026. Deputy Minister of Finance Metodi Metodiev outlined the key steps remaining before the transition and addressed the most pressing public concerns surrounding the change. According to Metodiev, Bulgaria’s entry into the euro area is part of the country’s…
The Association of Soft Drink Producers in Bulgaria (ASDPB) has expressed readiness to support the creation of a national deposit return system for beverage containers. According to Executive Director Zhanna Velichkova, the system must include a financial incentive to encourage consumer participation. Some retail chains have already taken initial steps, introducing reverse vending machines that…