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…
Annual inflation in Bulgaria held steady at 4% in March, matching the level recorded in February, according to data from the National Statistical Institute. Meanwhile, monthly inflation eased to 0.2%, down from 0.6% in February and following a 2% increase in January. This marks the second consecutive month with the highest annual inflation rate since…
The international rating agency Fitch has reaffirmed Bulgaria’s long-term credit rating at BBB with a positive outlook. According to a statement published on Fitch’s website, the positive perspective reflects the country’s potential accession to the euro area. Fitch’s assessment is based on Bulgaria’s strong external and fiscal balance sheets, which compare favorably with other countries…
Over 70% of property transactions in Bulgaria over the last decade have been made in cash, according to recent statistical data. The market is seeing significant growth, with property prices rising by 6% since the start of 2025. Official statistics from the Bulgarian National Bank reveals that only 27 out of every 100 real estate…
Bulgaria’s upcoming adoption of the euro in 2026 is expected to significantly accelerate wage growth, according to economists familiar with the experiences of other countries that have already joined the eurozone. However, to ensure that this wage increase remains sustainable, it will need to align with labor productivity growth, as emphasized by Prof. Dr. Viktor…
Ryanair has analyzed booking trends for the period of April 17-24, to determine the most favored Easter travel destinations for Bulgarian passengers. According to their findings, Italy tops the list with 25% of bookings, followed by the United Kingdom (19%) and Spain (12%). Italy continues to be a popular Easter destination, with Bulgarians taking advantage…
Bulgaria is intensifying efforts to enhance regional energy security through the development of strategic infrastructure aimed at reducing dependence on Russian gas. A central initiative in this process is the Vertical Gas Corridor, designed to transport liquefied natural gas (LNG) regasified at Greek ports to Central and Eastern Europe, including Ukraine. Greece’s Revitusa LNG terminal,…