Prime Minister Rosen Zhelyazkov, accompanied by his three deputy prime ministers, delivered a comprehensive progress report on the implementation of the government’s policy agenda. In a media statement, Zhelyazkov emphasized that the government’s program was adopted in record time – just 38 days after the cabinet took office – and outlined the main goals and…
Plovdiv has emerged as the most dynamic regional office market in Bulgaria, with over 237,000 square meters of Class A and B office space, according to the latest “Offices in Regional Cities in Bulgaria” report published by Colliers International. The office market in Plovdiv shows signs of maturity and stability, largely driven by sustained demand…
A significant portion of Bulgarians’ savings is already held in euros, signaling the country’s readiness for the currency switch, even before its official adoption. According to Petar Chobanov, Deputy Governor of the Bulgarian National Bank (BNB), 25% of household deposits and 32% of business deposits are currently in euros. This reflects a pragmatic approach by…
Prices in seaside restaurants across Bulgaria are rising this year, with a noticeable hike in some popular beachside dishes. A typical summer meal, such as a beer with sprats and fries, will now cost around 30 leva, according to a recent check by Telegraph. This is an increase from last year, where the same meal…
The liberalization of the electricity market for households – meaning that residential consumers would join the free electricity exchange where businesses have traded for years – is being postponed. At least for now. The reform was supposed to take effect on July 1, following an initial 365-day delay approved by Parliament in 2024. In the…
Inflation in Bulgaria is projected to rise ahead of the country’s euro adoption, as indicated in the Ministry of Finance’s latest spring Macroeconomic Forecast. The anticipated increase is largely driven by higher prices for services and food. According to data based on the EU consumer basket, the average annual inflation rate in 2024 was recorded…
Iliya Lingorski, a member of the Bulgarian National Bank’s (BNB) Governing Board, highlighted the significant logistical challenges of adopting the euro in Bulgaria during a public lecture at the University of Economics in Varna. According to Lingorski, the introduction of the euro involves much more than just currency exchange; it also requires extensive adjustments across…