The newly appointed Acting Deputy Prime Minister and Minister of Finance, Lyudmila Petkova, has reaffirmed the country’s commitment to joining the Eurozone, the Organization for Economic Co-operation and Development (OECD) and achieving full-fledged Schengen membership. Speaking at the ceremony marking her assumption of office from her predecessor Asen Vassilev, Petkova outlined her priorities for the…
Customs officer Georgi Gospodinov keeps a vigilant eye out for unusual cargo at Bulgaria’s Kapitan Andreevo border crossing, a critical checkpoint in the fight against migrant trafficking to Britain. Despite being over 150 kilometers from the nearest sea, Gospodinov and his colleagues have become instrumental in thwarting smugglers’ attempts to transport migrants across the English…
In March, the national carrier commenced operations on flights to Malpensa Airport via the restored regular route to Milan – a beloved and popular destination for all Bulgarians. Milan stands among the primary tourist hubs of ancient and modern Italy, enticing travelers with its rich cultural heritage and vibrant modernity. It remains one of the…
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…