Travelers departing from Sofia Airport now have access to convenient and eco-friendly drinking water, thanks to the installation of three new “smart fountains” in the pre-departure areas of Terminals 1 and 2. These modern fountains, equipped with sensor-controlled jets, allow passengers to easily fill their bottles or glasses and directly consume water, mirroring the initiatives…
The Bulgarian Association of Software Companies (BASSCOM) announced their annual Barometer report, marking a historic forecast for the nation’s software sector. Projections unveiled during the event indicated a remarkable milestone: an expected surge in revenues to surpass BGN 8 billion in 2023, an unprecedented achievement for the industry. The Barometer, a long-standing yearly publication offering…
The Organisation for Economic Co-operation and Development (OECD) has revised Bulgaria’s economic growth forecasts in its latest World Economic Outlook report, signaling a 1.7% growth rate for 2023, slowing due to external factors, with a projected acceleration to 2.8% in 2024. Initially anticipating a 1.9% GDP growth for 2023 and 3.2% for 2024, the OECD’s…
In a recent report released by the National Statistical Institute (NSI), November witnessed a diverse range of shifts in Bulgaria’s business climate index across significant industries. The overall business climate index for the month settled at 21.6%, reflecting a marginal decline from the preceding month’s figure of 22%. The composite indicator gauging the “business climate…
During a parliamentary budget committee meeting, Dimitar Radev, the Governor of the Bulgarian National Bank (BNB), advocated for a strategic fiscal approach, proposing a 10% buffer allocation within the budget for 2024. This buffer, if not utilized due to unforeseen risks, would be available for expenditure in the final quarter of the year. Radev emphasized…
Amidst the ongoing recovery from the pandemic’s impact on global travel, Bulgaria witnessed a noteworthy surge in visitor numbers in the month of October. According to recent data released by the National Statistical Institute, trips by Bulgarian residents abroad and visits by foreigners to the country exceeded pre-pandemic figures from 2019. In October, Bulgarian residents…
From January 1 to November 17, Bulgaria welcomed over 12,000 individuals from outside the European Union who successfully obtained various work permits, as reported by the Employment Agency (EA). Of these permits, 1,556 were granted to foreigners from third countries. A significant portion of these workers hails from countries like Turkey (1,309), Kyrgyzstan (75) and…