The Association of Banks in Bulgaria has issued a statement expressing unequivocal support for Bulgaria’s accession to the eurozone on January 1, 2026. In its message, the organization emphasizes that the country’s banking sector is already deeply integrated with the eurozone, paving the way for a smooth transition. The Association acknowledges the significant progress in…
Since Bulgaria’s accession to the Schengen area, noticeable changes have been reported in the transport and logistics sector, bringing clear benefits for companies engaged in transport services as well as those with goods to move. Industry representatives say these changes are already making a difference. For the region, Schengen membership is crucial for enhancing the…
In Zagreb last week, Bulgaria’s Minister of Tourism Miroslav Borsos held a working meeting with Croatia’s Minister of Tourism and Sports Tonci Glavina to exchange perspectives on the impact of euro adoption on tourism – an economic pillar for both countries. The dialogue centered on shared experiences and expectations in the context of Bulgaria’s pending…
Foreign workers in Bulgaria are most commonly employed in the tourism, construction and transport sectors. This was noted by Atanas Katsarchev, Chief Economist at the Confederation of Labour “Podkrepa”, during an interview with the Bulgarian National Radio (BNR). According to him, these are the main areas where the foreign workforce is currently being absorbed. Katsarchev…
The international entrepreneurial corporation KYB, in collaboration with SkyUp Airlines and several partners, has introduced the first direct scheduled flight linking Bulgaria and Moldova, operating on the Varna-Chisinau-Varna route. This new connection aims to enhance the tourist appeal of Varna, a well-established resort city, making it more accessible to Moldovan citizens and other travelers. Ukrainian…
Banking services in Bulgaria rank among the most accessible within the European Union, according to a detailed analysis by the Economic Analysis and Policy Department of the Association of Banks in Bulgaria (ABB). The study focuses on countries in Central and Eastern Europe (CEE) with similar territory, population and economic development levels, drawing several important…
Bulgaria’s coal-fired power plants will continue operating without restrictions or shutdowns under a new arrangement reached with the European Commission, Energy Minister Zhecho Stankov has announced during an energy conference in Sofia. He clarified that the agreement ensured the plants would not be subject to operational limitations, marking a major revision of the country’s earlier…