The Bulgarian Chamber of Commerce and Industry (BCCI) President Tsvetan Simeonov introduced the latest edition of the “Bulgaria in Figures” report. Now in its 16th year, this report is published exclusively in English to provide foreign investors with reliable and precise insights into Bulgaria’s economic landscape. Compiled using data from the National Statistical Institute and…
Housing loans in Bulgaria remain among the most affordable in Europe, with mortgage lending reaching record levels, according to credit expert Tihomir Toshev. Speaking on the program Nova TV, Toshev highlighted that despite a recent slight dip in mortgage interest rates, largely due to a promotional offer from one bank, most leading lenders were keeping…
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,…