Trump’s new tariff policy is set to have a significant impact on global trade, with nearly 90 countries affected by increased duties on imports into the United States. Among them, Bulgaria, Greece and Romania – as part of the European Union – will face a combined tariff rate of 30% on their exports, while non-EU…
Restaurants in Bulgaria have organized protests to demand a return to the 9% VAT rate for the tourism sector, despite the 2025 budget passing with a 20% VAT for the restaurant industry. The protests will include temporary closures of establishments, though not during peak hours, and are planned for April 7-9. The Bulgarian Hotel and…
Bankruptcies in Bulgaria are expected to increase by 2% in both 2025 and 2026, according to experts from Allianz Trade, a global leader in trade credit insurance. While this rate remains below the global average of 6% in 2025 and 3% in 2026, the rise is still significant compared to pre-pandemic levels, which were 7%…
Bulgaria’s cash register system is set to undergo significant changes, with new regulations mandating that cash registers display the total amount due in both levs and euros, along with the applicable exchange rate. These changes, proposed by the Ministry of Finance and open for public discussion, are part of efforts to streamline financial transactions across…
From January 1 to March 10, the Bulgarian Employment Agency processed more than 7,000 applications from non-EU citizens seeking to work in the country. The data come from a written response by the Minister of Social Affairs Borislav Gutsanov, following an inquiry by Denitsa Sacheva, chairwoman of the parliamentary Social Committee. The peak processing phase…
The second-largest coal-fired power plant in Bulgaria, TPP “ContourGlobal Maritsa East 3”, is set to shut down operations, marking the end of its short winter work period. As a result, the first wave of job cuts has begun, with 130 out of 160 employees receiving termination notices on February 1. The layoffs primarily affect workers…
The real estate market in Bulgaria continues to show strong growth as housing prices in major cities rise in early 2025. According to data from Zimoti.com, both the demand for housing and favorable mortgage conditions are contributing to the increase in property prices, particularly in Sofia, Plovdiv and Burgas. In the first two months of…