The Serbian oil company NIS, majority-owned by Russia’s Gazprom, has officially decided to exit the Bulgarian market. Its Board of Directors has approved the sale of its local subsidiary due to ongoing difficulties in downstream operations within Bulgaria. Specific details surrounding the deal remain undisclosed, pending further clarity. NIS currently operates 22 gas stations in…
The Energy and Water Regulatory Commission (EWRC) has set the price of natural gas for August at 62.09 BGN (31.75 euros) per megawatt-hour (MWh), excluding access, transmission, excise and VAT charges. At this rate, Bulgargaz will supply gas to end users and to licensed producers and distributors of thermal energy, according to an official statement…
A significant portion of Bulgaria’s nearly 500,000 cash registers is not yet prepared to operate in euros, with only 35% currently set for the transition. As the August 8 deadline approaches, when all fiscal devices must be updated according to the Law on the Introduction of the Euro, many companies are asking for a postponement…
In June, the number of Bulgarians traveling abroad reached 943.6 thousand, up by 10.4% YoY. Data from the National Statistical Institute (NSI) indicate a rise in trips across all recorded categories. Turkey and Greece remain the most preferred destinations for Bulgarian travelers, with 246.1 thousand and 219.8 thousand visits, respectively. Other countries drawing significant numbers…
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…