The law on the introduction of the euro could be approved by the National Assembly before the summer concludes, according to acting Deputy Finance Minister Metodi Metodiev’s projection. Metodiev also stated that Sofia was expected to meet the inflation criteria required for Eurozone entry until the year’s end, based on the department’s models. Metodiev highlighted…
A promising summer season with a 10% increase in tourists compared to last year is anticipated, according to Konstantin Zankov, a marketing and business consultant in tourism, speaking to the national radio. Expectations are that this summer will see a return to pre-pandemic levels and potentially even surpass them. Zankov noted that the overall summer…
The European Commission initiated a new infringement procedure against Bulgaria for failing to submit a report on the energy performance of buildings as required by the directive. A notification letter was sent to the Bulgarian government, reminding it to provide the European Commission with a report on the optimal costs related to building energy efficiency.…
During his recent visit to Washington, Bulgarian Energy Minister Vladimir Malinov engaged in crucial discussions at the US State Department. Despite the tight schedule of Ambassador James O’Brien, Assistant Secretary of State for European and Eurasian Affairs, Malinov managed to meet with him. Their talks centered on advancing key projects such as the construction of…
Real estate agents have reported a surge in property purchases by foreigners in Bulgaria’s resorts and major cities like Sofia, Plovdiv, Varna and Burgas. While resorts like Bansko and Sunny Beach have seen the most transactions by foreigners, Bulgarians remain the primary buyers across all mountain and seaside destinations. In urban areas, foreign buyers are…
Starting from January 1, 2025, Bulgaria aims to raise its minimum wage to at least BGN 1,080 (EUR 552), a significant increase from the current BGN 933 (EUR 477). This announcement was made by Luboslav Kostov, Chief Economist of the Confederation of Independent Trade Unions of Bulgaria (CITUB), during a forum organized by trade unions…
Bulgaria’s prospects for joining the euro in 2025 were bolstered by a cooling annual inflation rate, which dropped to the eurozone average of 2.4% in April, marking its first dip below 3% since the summer of 2021, according to statements from the Finance Ministry to Euractiv Bulgaria. The ministry affirmed a strong political commitment from…