The introduction of dual pricing in leva and euro is progressing smoothly and, in some cases, even ahead of the planned timeline in Bulgaria. That was the assessment of Nikolay Valkanov, Executive Director of the Association for Modern Trade. According to him, businesses are moving at full speed in their preparations, and the sector is…
Annual inflation in Bulgaria accelerated slightly in May, reaching 3.7%, up from 3.5% recorded in April, according to the latest figures from the National Statistical Institute. On a monthly basis, however, consumer prices remained unchanged for a second consecutive month. The average annual inflation for the 12-month period between June 2024 and May 2025 stands…
The CEO of the Sofia Commodity Exchange Vasil Simov dismissed speculation about any dramatic price hikes on the market, stating that current conditions did not support such developments. Speaking on market trends in agricultural goods such as wheat, corn, sunflower and oil, Simov stressed that barring major geopolitical disruptions – especially wars – the market…
Between 50,000 and 70,000 foreign workers may enter Bulgaria until the end of 2025 if the current pace of labor import continues. This estimate was presented by Social Minister Borislav Gutsanov during a session of the parliamentary committee on labor and social policy. According to him, the country has already seen as many workers from…
Although converting leva into euros may appear straightforward – just divide by the fixed rate of 1.95583 – reality brings far more complexity. The transition comes with a massive logistical operation. According to preliminary Bulgarian National Bank (BNB) estimates, around 640 tons of banknotes and 7,700 tons of coins will be pulled from circulation, most…
The Bulgarian National Bank (BNB) will stay the course with its conservative and stability-oriented monetary policy even after the country enters the eurozone. In an interview with Politico, BNB Governor Dimitar Radev confirmed that Bulgaria would continue to prioritize resilience, cohesion and price stability. “I lead one of the more conservative central banks, and we…
The European Bank for Reconstruction and Development (EBRD) officially launched its InvestEU programme in Bulgaria on June 11, marking a major step forward in the country’s transition to a green and sustainable economy. The event brought together financial sector leaders, representative of the EU and senior business executives to highlight the country’s growing momentum in…