The Bulgarian National Bank has reported a rise in counterfeit 100 leva bills, according to statistics released on its website. In the second quarter, there were 230 fake 100 leva notes identified and confiscated. Overall, the bank registered and seized 397 counterfeit banknotes during this period. Among these, 83 were 20 leva notes, 74 were…
The Bulgarian Parliament has approved amendments to the Accounting Law, mandating that enterprises include a sustainability report in their activity reports. This new requirement, effective for the 2024 accounting year, aims to provide a comprehensive view of corporate sustainability by analyzing both financial and socio-economic impacts of a company’s activities. Large enterprises, as well as…
The Bulgarian Minister of Energy has announced a temporary suspension of the order for the expansion of the Chiren underground gas storage facility. This decision will remain in effect until the European Prosecutor’s Office completes its inspection of Bulgartransgaz. The minister noted that the ongoing investigation involved an auditor from Bulgartransgaz itself. According to Bulgartransgaz,…
In Bulgaria, newly constructed homes are predominantly two-room units, averaging 85 square meters in size and built mainly from reinforced concrete. The highest construction activity is currently seen in Plovdiv and Burgas. Last year, nearly 5,500 new homes were built in Bulgaria, marking a slight increase from the previous year and surpassing the fewer than…
On August 13, the European Prosecutor’s Office gained access to the gas operator Bulgartransgaz with the assistance of local police. The European Commission has declined to comment on the ongoing investigation, and the exact number of participants remains undisclosed. The Ministry of Internal Affairs revealed that the investigation was related to the Turkish gas company…
In June, Bulgaria saw a notable increase in the total number of overnight stays in hotels and other accommodation, reaching 3.5 million, which marked a 5.9% rise from the previous year, according to the National Statistical Institute. The overall number of overnight stays grew by 6%, while hotel occupancy rates also improved, climbing by 2%,…
The Bulgarian National Bank (BNB) anticipates a gradual slowdown in annual inflation during the second half of the year, as outlined in Issue 2 of its quarterly publication, “Ikonomicheski pregled” (Economic Review), available on the central bank’s website. According to the report, private consumption and rising unit labor costs, particularly in the context of labor…