Bulgarian MP from “Progressive Bulgaria” Vladimir Nikolov said that major retail chains had indicated readiness to reduce prices by around 15% following discussions with authorities and stakeholders. He stated that the sector had already presented a framework for implementing lower prices across key goods. “The chains have already come up with a plan on how…
Bulgaria ranks first in Europe when it comes to how much of a 100,000-euro annual salary employees actually keep after taxes and social security deductions, according to a comparative analysis covering 31 European countries. The study examined net income levels across all EU member states, along with the United Kingdom, Switzerland, Norway, and Turkey. It…
In 2025, employment in the European Union’s information and communication technology (ICT) sector reached 3.4 million people, reflecting continued expansion of the industry across the bloc, according to Eurostat data. The figure marks an increase of 5.1% compared with 2024, when around 3.2 million specialists were employed in ICT-related roles. Despite this growth, the sector…
Sunny Beach, Bulgaria’s largest seaside resort, is heading into the summer season facing significant operational challenges, with many hotels still closed and those already open struggling with severe staff shortages just days before the first expected tourist arrivals. Industry representatives said that the sector continued to be hit by a shrinking season and growing difficulties…
The European Commission’s spring forecast points to a weaker-than-expected economic outlook for both Bulgaria and the wider eurozone, coupled with higher inflation pressures across the region. According to the report, the slowdown is driven by a mix of fiscal strain in member states and external shocks, including the ongoing conflict in the Middle East, which…
The planned construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant could generate up to 55 billion euros for Bulgaria’s economy over their operating lifetime, according to project representatives presenting updated progress on the initiative. The briefing, held in Sofia with participation from Kozloduy NPP – New Capacity, Westinghouse, and Hyundai E&C,…
The average gross monthly salary in Bulgaria reached 1,407 euros in the first quarter of 2026, according to preliminary data from the National Statistical Institute (NSI). The figures indicate continued wage growth across the economy, with an increase of 2.8% compared to the previous quarter and a year-on-year rise of 12.7%. On a monthly basis,…