Moody’s has projected that Bulgaria will join the Eurozone until the beginning of 2026. However, any signs of weakening institutional frameworks or further delays in adopting the euro could lead to a downgrade in Bulgaria’s credit rating, according to the rating agency’s recent announcement. This announcement, part of Moody’s periodic review of Bulgaria’s credit profile,…
The Budget Committee has approved both bills submitted by the Council of Ministers for the introduction of the euro and the Law on Credit Institutions. To address the unstable political situation and the risk of early elections, the committee decided to grant a mandate to the Ministry of Finance. This mandate allows the ministry to…
Sunny Beach has been recognized as one of the most affordable holiday resorts in Europe, according to a recent study by a British tourism publication. This recognition follows its inclusion in the Top 100 ranking of the world’s most famous beaches. In the latest ranking, Sunny Beach outperformed 15 other top destinations, including the Algarve,…
The consumption of red wine is declining compared to white and rose varieties, according to Atanas Vassilev, chairman of the National Association of Bulgarian Vintners (NABV). Vassilev noted that red varieties were primarily being used to produce rose wine, which had led to difficulties in selling red wine. He explained that from 100 kg of…
Bulgarian MPs have called for the accelerated adoption of the euro, but the finance minister explains that this is not feasible. The Committee on Budget and Finance voted on a decision urging the caretaker government to expedite the practical preparations for the euro’s adoption in Bulgaria. This draft decision was submitted by Boyko Borissov and…
Primorsko and Kiten, two popular summer destinations on the Bulgarian Black Sea coast, are experiencing a busy tourist season. Zdravko Vasilev, a local resident who had captured photos of the crowded beaches, reported that tourist interest in these resorts remained high despite challenges facing local businesses. During an appearance on Nova TV, Vasilev commented that…
Bulgarian restaurateurs and hoteliers are forecasting widespread bankruptcies due to soaring electricity costs. The industry is calling for urgent intervention to prevent potential price hikes for goods and services. Atanas Dimitrov, vice-president of the Bulgarian Hotel and Restaurant Association (BHRA), highlighted a troubling trend of sharp increases in electricity prices during the summer season over…