Bulgarian Financier Levon Hampartzoumian criticized the effectiveness of state efforts to ease price pressures, commenting on the closure of government-backed stands dubbed “People Shop” offering cheaper goods. In his view, the initiative had limited impact from the outset. “”People Shop” is not a large-scale scheme. With a budget of 10 million leva, nothing substantial can…
Unit 5 of the Kozloduy Nuclear Power Plant is scheduled to be taken offline on May 9 for its planned annual maintenance and refuelling, including the loading of American nuclear fuel, according to information presented in the annual report of the Nuclear Regulatory Agency (NRA). The outage is expected to continue until mid-June, when new…
Allianz Trade has revised its inflation outlook for Bulgaria for 2026, raising the forecast from 2.8% to 3.7%, citing mounting pressure from energy markets and broader global economic instability. The global trade credit insurer, which also operates in Bulgaria, says the adjustment reflects the combined impact of the ongoing energy shock and shifts in international…
Hotel revenues in Bulgaria are rising at a faster pace, with growth reaching 17%, according to the latest data from the National Statistical Institute. The trend reflects changes in pricing and hotel classification rather than a sharp increase in tourist numbers, according to Prof. Rumen Draganov, director of the Institute for Tourism Analysis and Evaluation.…
On April 20, the Bulgarian National Bank conducted an auction for government securities from an issue maturing on January 28, 2031, with the Ministry of Finance placing bonds on the market worth 150 million euros. The securities were offered at a fixed annual interest rate of 2.75%, with coupon payments scheduled every six months and…
The metro stations on General Vladimir Vazov Boulevard – Georgi Asparuhov Stadium, Vitinya, and Gen. Vladimir Vazov – on Line 3 of the Sofia Metro are 98% complete and are expected to open in July. Sofia Mayor Vasil Terziev announced this on Facebook. Comprehensive testing of the trains is expected to be completed in May.…
The Bulgarian National Bank (BNB) has decided to increase the countercyclical capital buffer to 2.25%, in a move aimed at easing pressure on the rapidly growing housing credit market and strengthening the resilience of the banking system. The measure is designed as a preventive tool that requires banks to set aside additional capital during periods…