The Executive Agency for the Promotion of Small and Medium-sized Enterprises (BSMEPA), under Bulgaria’s Ministry of Innovation, has formalized a partnership with the International Bank for Reconstruction and Development, part of the World Bank Group. The agreement, aimed at bolstering businesses in Northern Bulgaria, was signed at a ceremony held at the Council of Ministers,…
During the one-month transition period after Bulgaria adopts the euro, ATMs across the country will distribute only euro banknotes. This measure will be in place during the dual circulation phase when both the lev and the euro will be legal tender. According to the Bulgarian National Bank (BNB), the official date for Bulgaria’s entry into…
Bulgarian businesses are actively recruiting students to fill seasonal positions for the upcoming summer, offering earnings ranging from 4,000 to 6,000 leva. According to a report by “Telegraph”, restaurants, hotels and retail stores are the main employers seeking young workers, particularly in the country’s coastal resorts. Although the highest concentration of job opportunities is along…
A recent study conducted by the Bulgarian Stock Exchange (BSE) reveals that 60% of publicly listed companies in Bulgaria have women in their governing bodies. However, only 3% are entirely led by women, and 14% have female CEOs. The survey, which covered over 300 companies traded on the exchange, highlighted a gradual but consistent increase…
Bulgaria is approaching the final stages of preparation for transitioning card payments from the national currency, the lev, to the euro. In recent years, the Bulgarian National Bank (BNB) and financial institutions have emphasized their readiness, creating the impression that the transition would be instantaneous. However, the actual process involves years of planning and coordinated…
The World Bank has revised down its forecast for Bulgaria’s economic growth in 2025, citing a broader global economic slowdown. In its latest report, “Accelerating Growth through Entrepreneurship, Technology and Innovation”, the World Bank predicts global economic growth to decelerate to an average of 2.3% in 2025-2026, down from 2.6% in 2024. This is primarily…
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…