The upcoming changeover from the lev to the euro in Bulgaria will not drive fuel prices up, according to Svetoslav Benchev from the Bulgarian Oil and Gas Association. He assured that the currency switch would have no impact on price levels, which were instead determined by the global crude oil market. “Whatever prices we see…
The Organization for Economic Co-operation and Development (OECD) now expects Bulgaria’s economy to grow by 2.6% in 2025, followed by a slight slowdown to 2.3% in 2026. This marks a downward revision from its previous outlook in December, which projected 2.8% growth in 2025 and 2.6% in 2026. According to the OECD’s latest Economic Outlook,…
The introduction of the euro in Bulgaria has stirred many questions that, according to financier Boris Petrov, should have been addressed much earlier. Speaking to Bulgarian National Radio, he noted that the public’s lack of understanding of the benefits of euro adoption had been overshadowed by ongoing political instability. Petrov believes these concerns are being…
Bulgaria’s Transport Minister Grozdan Karadjov shared his impressions of a train journey from Mezdra to Sofia on Facebook, highlighting both the positive aspects and the areas that needed improvement. Following this experience, he issued a series of orders aimed at enhancing comfort and cleanliness on trains, as well as ensuring better overall service. In his…
Cash holdings in Bulgaria remain high, with over 30 billion leva reportedly kept outside the banking system. The Association of Bulgarian Banks has urged citizens to deposit these funds into banks ahead of the country’s planned eurozone entry. James Yolovski, Secretary General of the association, explained this during an interview with Bulgarian National Radio. Positive…
The Consumer Protection Commission (CPC) and the Commission for Competition Protection (CCP) are joining forces to prevent an unjustified increase in the prices of goods and services during the transition to the euro. The two commissions will also investigate for any prohibited agreements between traders that might fuel such speculation. According to Rosen Karadimov, chairman…
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…