The introduction of the euro in Bulgaria will not lead to changes in loan or deposit interest rates. According to experts, any claims suggesting otherwise are attempts at political manipulation and misinformation. Fixed interest rates on loans will remain unchanged after the euro is introduced, ensuring that clients will not face less favorable terms. For…
In the fourth quarter of 2024, Bulgaria was one of the three EU countries with the lowest job vacancy rate, standing at just 0.7%. Alongside Bulgaria, Poland and Romania reported the same low rate. This figure is in line with the overall EU job vacancy rate, which remained steady at 2.3% compared to the previous…
Bulgaria has seen a record influx of workers from non-EU countries in recent years, yet the demand for labor in various industries remains unmet. Since the start of the year, 4,202 third-country nationals have been registered for seasonal employment alone, already making up 40% of all seasonal workers recorded for the entire year of 2024.…
Restaurant and hotel industry representatives in Bulgaria are escalating their protests against the planned increase in VAT for the sector, warning of rising prices, business closures and a return to the gray economy. They argue that while European countries are reducing VAT rates to support the hospitality industry, Bulgaria is moving in the opposite direction,…
In February, Bulgaria’s annual inflation rate rose to 4%, up from 3.8% in January, marking the highest level since December 2023. On a monthly basis, the inflation index increased by 0.6%, a rise compared to January’s 2% increase, according to data from the National Statistical Institute. The average annual inflation for the period from March…
“Vasil Levski” Sofia Airport has earned the prestigious title of “Best Airport in Europe with 5 to 15 million passengers” for 2024. This accolade, awarded by ACI World and Amadeus, recognizes the airport’s outstanding passenger satisfaction. The award reflects the positive feedback from travelers, highlighting the high level of service and continuous efforts by SOF…
The Bulgarian National Bank (BNB) has launched an auction to sell scrap Bulgarian coins after the country adopts the euro. The central bank expects to gather a total of about 7,744,450 kg of coins, with 52,143 kg currently in its possession, while the remaining 7,692,307 kg will be made available once withdrawn from circulation. Under…