A last-minute legislative amendment in Bulgaria is raising serious concerns among financial experts, as it could put up to one million citizens at risk of falling into a debt spiral. The change restricts financial institutions registered with the Bulgarian National Bank from fully assessing the creditworthiness of their clients, potentially leading to lending and leasing…
Job vacancy levels across Europe showed limited movement at the end of 2025, with Bulgaria remaining among the countries with the lowest rates, according to Eurostat data. In the fourth quarter of 2025, the vacancy rate in the euro area edged up slightly to 2.2% from 2.1% in the previous quarter, although it remained below…
Bulgarian National Bank received the “Individual or Organization That Contributed to Limiting and Preventing the Informal Economy Through an Active Position” award in the national “Bright Economy” competition, organized by the Industrial Capital Association in Bulgaria. The award was given for the effective management of the euro adoption process in Bulgaria. The nomination justification states…
Bulgaria recorded a decline in exports to European Union countries in 2025, while imports from the bloc continued to rise, according to data from the National Statistical Institute (NSI). Over the year, Bulgarian exports to EU member states fell by 3.8% compared to 2024, reaching a total value of 27.55 billion euros. The country’s trade…
The Commission for the Protection of Competition (CPC) has highlighted a troubling disparity in Bulgaria’s dairy sector: consumers face some of the highest prices for dairy products in the European Union, while local producers and processors struggle to survive. On March 10, the CPC convened a meeting in Plovdiv with dairy producers and processors from…
In Bulgaria, the overwhelming majority of complaints about high electricity bills are coming from households that rely on electricity for heating, particularly through air conditioners, the Energy and Water Regulatory Commission (EWRC) reports. Plamen Mladenovski, chairman of the regulator, addressed a parliamentary hearing requested by the “Revival” group, explaining that almost 98% of the grievances…
Bulgaria has effectively completed the transition period for adopting the euro, though formal legal adoption remains pending. Euro banknotes are now fully integrated into circulation, with the process secured and well-organized. According to Vladimir Ivanov, head of the Euro Mechanism and chairman of the State Commission for Commodity Exchanges and Markets, 87% of levs have…