The newly introduced US customs policy is creating both confusion and opportunity for businesses in Bulgaria’s Trakia Economic Zone, which hosts around 200 companies producing for European and global markets. Among the businesses expressing concern is a German manufacturer near Plovdiv, which produces automotive and white goods components for Bulgarian firms exporting to Europe. Though…
Despite the global escalation of the trade war, there have been no significant negative trends in Bulgaria’s tourism sector so far. Konstantin Zankov, chief expert at the Institute for Analysis and Evaluation in Tourism, shared this insight in an interview on Bloomberg TV. Zankov noted that tourism was typically one of the first sectors to…
Intercompany debt is a common aspect of the business landscape, both in Bulgaria and Western Europe. Often seen as a sign of growth, it reflects businesses expanding and investing in new opportunities. When managed properly, this indebtedness can boost turnover and accelerate development. However, risks arise when such debt is mismanaged, leading to deferred payments…
Travelers planning a spring escape might want to consider Sofia, which has been named the top European capital for a road trip-style getaway this season. A new ranking from DiscoverCars.com evaluated cities based on hotel and car rental costs, along with proximity to key tourist attractions, giving the Bulgarian capital the highest overall score of…
A recent survey by the Bulgarian Industrial Capital Association shows that many Bulgarian companies anticipate a decline in production due to the new tariffs on imports announced by U.S. President Donald Trump. Although half of the 620 surveyed firms believe the tariffs will not directly affect their operations, a significant number foresee challenges ahead. About…
Bulgaria has successfully met the price stability criterion required for entry into the eurozone, according to data from Eurostat. The statistics, which covered the dynamics of consumer prices in both the EU and the euro area, showed that inflation in Bulgaria continued to align with the Maastricht criteria in March. In the third month of…
Bulgaria is in a very strong initial position to join the eurozone, Dimitar Radev, governor of the Bulgarian National Bank (BNB), has said. Speaking at a business event organized by the American and British Chambers of Commerce in Bulgaria, Radev emphasized that amid growing global instability, integration into robust alliances like the eurozone was becoming…