Concerns loom over Bulgaria’s potential entry into the eurozone, as the nation grapples with political instability in the months ahead. Analysts warn that the absence of a regular government could impede progress, posing a significant obstacle to fulfilling official targets. Standard & Poor’s, a division of S&P Global, underscores the pivotal role of political stability…
Recent data released by the European Statistics Office Eurostat showed that the unemployment landscape in the European Union (EU) remained stable in February, with the unemployment rate holding steady at 6%. This figure mirrors the rates observed both in January 2024 and February 2023. Similarly, within the eurozone, unemployment maintained consistency, registering at 6.5% for…
The Ministry of Finance in Bulgaria has revised its inflation predictions for the year 2024, slashing them by half compared to previous estimates. According to the department’s spring macroeconomic forecast, the average annual inflation rate is anticipated to drop to 2.4%, with further deceleration to 2.3% until year-end. This adjustment marks a significant departure from…
Bulgaria’s Finance Minister, Assen Vassilev, asserts that Bulgaria can attain Eurozone membership until 2025, with the caretaker government capable of steering the nation towards this goal. In a recent interview on Nova TV, Vassilev highlighted the European Commission’s acknowledgment of Bulgaria’s progress, signaling that meeting inflation criteria was the final hurdle before initiating the accession…
Bulgarian Railways (BDZ-Passenger Services EOOD) has inked a contract with Deutsche Bahn for the supply of 76 state-of-the-art passenger wagons. This agreement marks a pivotal moment in Bulgaria’s transportation sector, signaling a tangible step towards modernization and enhanced service quality. Scheduled for swift implementation, the contract outlines the delivery of 76 modernized passenger wagons, with…
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens’ wallets upon adoption of the single currency. The Ministry of Finance has released a draft law on the introduction of the euro in Bulgaria, revealing that rounded prices in euros will be enforced a…
Bulgaria’s Ministry of Energy reaffirmed its commitment to aiding Moldova in bolstering its energy security and diversifying its energy sources. Deputy Minister of Energy, Iva Petrova, reiterated Bulgaria’s dedication to this cause during the ninth meeting of the Intergovernmental Bulgarian-Moldovan Commission for Economic Cooperation. The meeting, convened on March 26, in Chisinau, Moldova, was chaired…