Minister of Economy and Industry Petar Dilov held a meeting with Susan Falatko, the Charge d’Affaires at the US Embassy in Bulgaria, to discuss the potential for strengthening economic ties and boosting trade between the two nations. During the conversation, Minister Dilov highlighted the strategic significance of the United States as a partner to Bulgaria…
A quarter of household savings in Bulgaria are now held in euros, reflecting growing confidence in the currency and its widespread use. According to Petar Chobanov, Deputy Governor of the Bulgarian National Bank (BNB), 25% of household deposits and 32% of corporate deposits are already denominated in euros. He attributes this trend to Bulgaria’s strong…
The Energy and Water Regulatory Commission (EWRC) has approved the natural gas price in Bulgaria for May, setting it at 64.40 BGN per megawatt-hour (MWh), excluding fees for access, transmission, excise, and VAT. This marks a 14.22% decrease compared to the rate for April. The pricing structure includes the full contracted volume of Azerbaijani natural…
In 2024, Bulgaria’s exports of alcoholic beverages totaled 30.4 million euros, with spirits and liqueurs accounting for the largest share of 21.3 million euros. Wine exports followed at 5.86 million euros, while beer exports amounted to 2.9 million euros. Bulgaria’s exports in this category outpaced those of ten other EU member states. EU-wide, the export…
Bulgaria has taken on new state debt amounting to 4 billion leva, Bulgarian National Radio reports. The Ministry of Finance has not yet officially confirmed the information. According to reports, the country has raised nearly 4 billion euros on international markets through the issuance of two bond tranches – with maturities of 9 and 13…
Bulgaria anticipates favorable outcomes from the upcoming reports by the European Commission (EC) and the European Central Bank (ECB) on its euro adoption, as announced by Finance Minister Temenuzhka Petkova. She made these comments during her participation in the “Investor Day 2025: Embracing Opportunities” forum organized by the Bulgarian Stock Exchange. Minister Petkova reaffirmed that…
Veselin Danev, chairman of the Bulgarian Hotel Association, highlighted a major issue in Bulgaria’s tourism sector: a significant decline in the workforce. Employment has dropped by nearly 20%, with the most noticeable decrease among younger workers, particularly those under 34 years old, where the reduction exceeds 30%. Danev also pointed out that high taxes on…