The Ministry of Finance is working on a budget with a deficit of up to 3% on an accrued basis, the Deputy Minister Martin Danovski has confirmed. This figure aligns with the Maastricht Treaty criteria, which is essential for Bulgaria’s entry into the Eurozone. When asked about the clarity on the main financial parameters for…
The European Bank for Reconstruction and Development (EBRD) has revised its growth forecast for Bulgaria’s economy for the upcoming two years. The bank now expects a slowdown of 0.4% this year, predicting a growth rate of 2.2%, down from previous estimates. Looking ahead to next year, the EBRD has adjusted its projection from 3% to…
Wizz Air has announced the launch of a new route from Sofia to Stuttgart, one of Europe’s greenest cities. Starting in December, flights will operate year-round three times a week. Tickets are available now on the airline’s website and mobile app, with prices starting at 65.99 leva. With this addition, Wizz Air strengthens its presence…
According to the Bulgarian National Bank (BNB), the expansion of mortgage loans continues, as banks in Bulgaria report an increase in housing credit. As of the end of August, outstanding housing loans reached 23.2 billion leva, reflecting an annual growth of 25.5%. This marks an increase from July, when mortgage loans rose by 25.1%. Since…
Bulgaria ranks 35th in the 2023 list of the wealthiest countries, with net financial assets per capita amounting to 16,410 euros. The Global Wealth Report, released by Allianz, highlights a notable increase in global financial assets of private households, which has risen by 7.6%, offsetting a previous decline of 3.5%. The total financial assets worldwide…
Guarantees are required to address the issue of unfair imports of Ukrainian eggs within the framework of the EU’s free trade agreement. This statement was made by Zsolt Feldman, Hungary’s State Minister of Agriculture and Rural Development, in response to Bulgaria’s request to halt egg imports from Ukraine until the single market is regulated. The…
During his visit to New York, Bulgaria’s Acting Minister of Foreign Affairs Ivan Kondov participated in the G7+ meeting of foreign ministers focused on supporting Ukraine’s energy sector, as announced by the Ministry of Foreign Affairs’ press center. The meeting was co-hosted by US Secretary of State Antony Blinken and Italy’s Minister of Foreign Affairs…