Beer production in Bulgaria increased by 4% YoY as of the end of June, with 45% of annual sales traditionally occurring during the four warmest months of the year, according to the Union of Brewers ahead of their professional holiday, celebrated on Ilinden. Over the past 18 months, Bulgarian brewers have introduced 15 new beers,…
According to a survey by the National Center for Parliamentary Studies (NCPI), a unit of the Bulgarian National Assembly, approximately 60% of Bulgarians oppose the adoption of the euro. This extensive study, covering a variety of topics, was conducted on May 1-16 among 1,000 Bulgarian citizens and was representative of the adult population. The findings…
In 2023, Bulgaria collected 217 million BGN from a windfall tax on firms in the oil, natural gas, coal and petroleum products sectors, according to Finance Minister Lyudmila Petkova. This tax was introduced to capture the extraordinary profits these firms made due to the surge in energy prices following Russia’s invasion of Ukraine. The windfall…
The Association of the Organizations of Bulgarian Employers (AOBE) has urgently called for government action to address the soaring electricity prices affecting businesses in Bulgaria. In an open letter to the authorities, the AOBE is demanding compensation measures to support the economy and maintain the industrial sector. To mitigate the impact of these high electricity…
This year marks the 100th anniversary of the first chocolate factory established in Bulgaria, located in the town of Svoge. Interestingly, this factory is home to the fastest candy assembly line in the world. For over a century, the factory has kept its secrets, including the creation of the first milk chocolate in Bulgaria. Today,…
Bulgaria remains committed to joining the Eurozone as swiftly as possible, with technical preparations progressing well. This was emphasized by Deputy Prime Minister and Finance Minister Lyudmila Petkova during the July meeting of the Economic and Financial Affairs Council in Brussels, according to the Bulgarian ministry’s announcement. Petkova indicated that once Bulgaria fulfilled the final…
In June, Bulgaria’s annual inflation rate rose to 2.5%, up from 2.3% in May, as reported by the National Statistical Institute. However, the month of June itself experienced a deflation of 0.2%, consistent with the previous month’s change. In June, there was a minimal price growth noted in health services and the entertainment and culture…