Many Bulgarian consumers are raising concerns about the resale of goods from Chinese sites like Temu and Shein at higher prices in Bulgarian physical and electronic stores, according to Gabriela Rumenova from the online platform “We, the consumers”. This comes in light of the European Consumer Organization (BEUC) filing a collective complaint to the European…
Coastal hoteliers are increasing employee wages by at least 20% to address the staff shortage, Minister of Tourism Evtim Miloshev has explained. “Since the start of the year, in the first three months, data from the European Tourist Commission showed that Bulgaria was in the second place for recovery compared to 2019, which was a…
Bulgaria has set up interdepartmental working groups to expedite the implementation of projects for the construction of new nuclear facilities at the Kozloduy NPP and the Vertical Gas Corridor. Their main goal is to assist in executing all legal procedures related to these projects. The projects, part of the Vertical Gas Corridor initiative involving Bulgaria,…
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria’s potential adoption of the euro in 2025 or early 2026. He cited the recent decrease in inflation reported by the National Statistical Institute (NSI) as a positive sign, indicating progress towards meeting the criteria for Eurozone entry. Voinov highlighted the importance of sustaining this…
In the first quarter of 2024, Bulgaria’s economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year. The primary drivers of economic growth during the first three months of the current year were a…
“Toplofikatsia Sofia”, the capital’s heating supply company, has proposed a significant reduction in the price of thermal energy starting from July 1. According to their application to the Energy and Water Regulatory Commission (EWRC), the company aims to lower the price per megawatt-hour to 97.78 leva without VAT, which represents a 29.11% decrease from the…
According to Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), Bulgaria will not meet all the requirements for joining the Eurozone by the time the convergence report is released in June. Radev made this announcement during a conference organized by the Association of Honorary Consuls, which focused on Bulgaria’s Eurozone accession. Radev attributed…