The Confederation of Independent Trade Unions of Bulgaria (CITUB) is pushing for legal amendments that would change how prices are displayed in stores. The proposal suggests that, alongside the retail price, each product should also carry a label showing the price set by the producer or importer. As Bulgaria moves toward adopting the euro, the…
The upcoming rise in electricity prices starting in July is expected to influence inflation in Bulgaria, Assoc. Prof. Dr. Atanas Atanasov, chairman of the National Statistical Institute (NSI), has said. He emphasized that the overall impact on inflation would also depend on other factors such as oil prices, transport expenses and consumer behavior. The volatile…
Bulgaria and Switzerland are launching two new joint initiatives under the Second Swiss Contribution, with a combined value of 18.7 million Swiss francs. The programs, signed on June 25 in Sofia, target two key areas – air quality improvement and integrated migration management. The agreements were signed by Deputy Prime Minister and Minister of Innovation…
The number of people employed in the service sector is increasing, while the demand for labor in sectors such as agriculture and industry is decreasing. Data from the National Statistical Institute (NSI) show this trend, which is characteristic of the first quarter of the year. The number of people employed in the domestic economy was…
Bulgaria has no reason for concern regarding fuel security, Energy Minister Zhecho Stankov has assured during his remarks on the state of the energy sector amid the Iran-Israel tensions. Speaking to reporters, he emphasized that the country was fully supplied with fuels, including gasoline, diesel and propane-butane, and that Bulgarian citizens should remain calm despite…
President Rumen Radev joined business leaders and Czech representatives at a meeting organized by the Bulgarian-Czech Chamber of Commerce, held at the newly opened production facility of BTL Industries in Plovdiv. The event aimed to strengthen bilateral business ties and foster investment cooperation. Among those attending were the Czech Ambassador to Bulgaria Miroslav Toman, Deputy…
The Bulgarian property market appears to be cooling off in the major urban centers, with growth slowing and rental prices increasingly seen as disconnected from actual value. Though official figures from the National Statistical Institute for the first quarter are not yet published, preliminary estimates suggest a modest rise in prices – between 5% and…