The government has approved a budget of 9.5 million leva for Bulgarian Posts to support preparations for the switch from the lev to the euro. This funding will be used by post offices to acquire banknote-counting machines, devices for detecting counterfeit currency and other necessary equipment. Deputy Prime Minister and Minister of Transport Grozdan Karadjov…
The Governor of the Bulgarian National Bank Dimitar Radev announced that Bulgaria was entirely prepared to join the eurozone, reaffirming the country’s commitment to adopt the euro as of January 1, 2026. His remarks came during the official opening of a new BNB cash center for Northern Bulgaria. The investment in the facility amounts to…
The “Podkrepa” Confederation of Labor has voiced strong opposition to the Bulgarian government’s plans to relax rules on hiring workers from third countries. A key proposal under discussion is to increase the quota for foreign employees in Bulgarian companies. These measures were outlined by Deputy Prime Minister Grozdan Karadjov during a debate hosted by the…
According to the European Commission’s Spring 2025 Economic Forecast, Bulgaria’s economy is projected to grow at a slower pace, with GDP expected to rise by 2% in 2025, down from 2.8% in 2024. Until 2026, a slight increase to 2.1% is anticipated, influenced by both domestic and external factors. Private consumption will likely see more…
In April, Bulgaria’s inflation rate reached 2.8% YoY, marking an increase of 0.3% compared to the same month in 2024, when it was 2.5%, according to Eurostat. This development comes as the country anticipates a positive convergence report on June 4, a critical step toward adopting the euro on January 1, 2026. According to Finance…
The European Bank for Reconstruction and Development (EBRD) has introduced its Star Venture programme in Bulgaria, aiming to provide strategic support to high-potential startups. After a competitive selection process, 15 startups presented their business concepts at the Planet Schwarz Tech Theatre in Sofia, with six emerging as the final winners. The selected startups – THE…
During the Investor.bg Banking Today conference, held on May 13 at the Inter Expo Center, Prof. Raul Eamets emphasized that Bulgaria was practically already linked to the euro due to the currency board. Eamets, a former member of the Supervisory Board of the Estonian Central Bank and chief economist at Bigbank, questioned the opposition to…