Amidst discussions about Bulgaria’s journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria’s banking system, stating it aligned closely with Eurozone standards. Chobanov’s remarks came during a conference organized by the Association of Banks in Bulgaria (ABB), where he emphasized the banking sector’s compliance…
In its latest macroeconomic forecast released on April 16, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria’s Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023. The projected economic expansion is expected to be primarily driven by the positive influence of domestic demand, with net exports forecasted to…
Renowned actor and co-founder of Nobu Hospitality, Robert De Niro, is set to make waves in Bulgaria’s hospitality scene with the opening of two luxury hotels under the Nobu brand. The US-based brand, known for its upscale hotels, restaurants and residences, is making its mark in Bulgaria with properties in Sofia and Varna. The first…
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria. This acquisition forms part of a broader project aimed at developing 90 installations with a combined capacity of up to 2,000 megawatts across Italy, Bulgaria, Croatia and Romania. According to reports from Greek state television ERT, PPC…
In a momentous occasion marking the entry of Bulgaria and Romania into the Schengen area by air and sea, Balchik Airport is set to witness a remarkable gathering of more than 20 planes from Romania. This groundbreaking event, titled “Schengen Check”, represents the first of its kind on Bulgarian soil, symbolizing a new era of…
Manol Todorov, a leading figure in the Strandzha honey industry, has expressed optimism about the 2024 harvest for mann honey. Todorov, instrumental in establishing the Strandzhanski manov med Protected Designation of Origin in 2019 and founding the local honey producers’ association, conveyed concerns about selling their honey. According to him, despite favorable harvest expectations, challenges…
As Bulgaria gears up to join the Eurozone, citizens are voicing their concerns and expectations regarding the transition. According to an anonymous online survey that is still being conducted on the non-commercial platform “We, the Users,” approximately 400 participants have shared their views on the matter. The survey reveals that over 77% of respondents are…