The global credit insurer Coface has released its annual insolvency report for Central and Eastern Europe (CEE), painting a nuanced picture of the region’s corporate stability. Although the CEE region saw a strong economic rebound in 2024, the number of bankruptcies continued to climb. Coface notes that, for a second year in a row, Bulgaria…
During a conference titled “Introduction of the euro in Bulgaria – effects and practical aspects for business”, Finance Minister Temenuzhka Petkova assured the Franco-German business community that Bulgaria was fully prepared to adopt the euro from January 1, 2026. The event, hosted by the Franco-Bulgarian Chamber of Commerce and Industry and the German-Bulgarian Chamber of…
Bogomil Nikolov from “Active Consumers” believes that Bulgaria’s transition to the euro will be much easier compared to countries like Croatia or Slovakia, thanks to the fixed exchange rate. In an interview with Bulgarian National Radio, he explained that this fixed exchange rate would ensure that the dual display of prices during the changeover would…
The co-chair of “We Continue the Change” Asen Vassilev said he did not expect a surge in consumer prices in Bulgaria after the adoption of the euro, arguing that the concerns were not backed by evidence. He explained that in countries that had already switched to the euro, any price growth was mainly seen in…
According to the latest Eurobarometer survey released recently, half of the Bulgarian population opposes the adoption of the euro, with 50% against and 43% in favor. This puts Bulgaria among five EU countries where the majority is against joining the eurozone. The other countries sharing this stance include Sweden (55%), Poland (59%), the Czech Republic…
On Nova TV, economist Stoyan Panchev noted that one of the reasons prices went up in Croatia after adopting the euro was the administrative suppression of prices prior to the introduction of the currency. Once the European Central Bank’s positive report was received, inflation there became more noticeable. Panchev is among the economists who believe…
Bulgaria stands out as one of the world’s leading exporters of herbs, a fact underscored by the Minister of Agriculture and Food during his visit to China for the opening of the International Tea Day 2025 in Hangzhou, as announced by the Ministry of Agriculture. Among the Bulgarian herbs that enjoy high demand internationally are…