According to a report from the Austrian news agency APA, Austrians will find their money stretching further abroad this summer compared to staying within Austria. This assessment is based on the “holiday euro” index calculated annually by UniCredit Bank Austria, which measures the purchasing power of Austrians’ money in various destinations. Bulgaria emerges as the…
M3 Communications Group, Inc., the leading PR agency in Bulgaria, has been honored as “Company of the Year” in the PR and Communications category. The prestigious award marks the company’s 15th accolade in 2024, the year the company celebrates it’s 30th anniversary of commitment to excellence in the communications business. Winning the “Company of the…
The Bulgarian Energy and Water Regulatory Commission (EWRC) has recently deliberated on proposed adjustments to electricity and heating prices set to take effect from July 1. The discussion centered on recommendations for a 1.4% average increase in electricity rates and an 8.4% decrease in heating costs nationwide. “The task force’s report, dated May 31, forms…
Sofia Airport has been awarded a Level 4 certificate for reducing carbon emissions (Airport Carbon Accredited Level IV – Transformation), announced the concessionaire company. This places Sofia Airport among only eight other European airports with this accreditation, including Istanbul’s new airport and the Parisian airports Charles de Gaulle, Bourget and Orly, as well as Marseille,…
The implementation of the Vertical Gas Corridor has commenced, aimed at ensuring diversification and energy security for natural gas supplies. Bulgartransgaz, the state gas transmission operator, signed two critical public contracts with consortia comprising Bulgarian and American companies. This project is a collaboration between Bulgaria, Greece, Romania, Hungary, Slovakia, Ukraine and Moldova, and is anticipated…
Publicly available information from the National Revenue Agency reveals that 3,604 Bulgarian residents had properties abroad, all of which had been duly declared to the agency. Bulgarians own properties across various countries in the Balkans and the European Union. Additionally, some citizens take pride in owning properties in less commonly chosen destinations, including Andorra, Argentina,…
The agricultural land market in Bulgaria is on the verge of overheating, according to the latest data from the National Statistical Institute. Over the past decade, field prices in certain areas have skyrocketed more than 6-fold, reaching levels where natural resources must be extracted to recoup the investment. Real estate experts warn that a bubble…