The National Statistical Institute (NSI) released preliminary data revealing that Bulgaria’s gross domestic product (GDP) experienced a modest growth of 1.8% in real terms in 2023. This expansion marks a slowdown compared to the 3.9% growth recorded in the previous year, according to aggregated quarterly data. In 2023, Bulgaria’s GDP reached a nominal value of…
In Bulgaria, the latest data from the Statistical Office of the European Union (Eurostat) revealed a notable trend: in the third quarter of 2023, both women and men registered equal shares of part-time employment, each at 1%. However, zooming out to the broader European context unveils a starkly different picture. Across the EU, during the…
Bulgaria experienced a significant boost in its economy last year, with foreign investors creating more than 2,000 new jobs in various sectors. This exciting revelation came to light during the prestigious “Investor of the Year” awards ceremony, hosted by the InvestBulgaria Agency on March 5. The top prize went to a French company operating in…
Travelers passing through Terminal 2 of Sofia Airport can now enjoy a smoother journey with the introduction of electronic self-scanning counters for boarding passes. Set to officially launch on March 6, this innovative system aims to streamline the passenger experience, reducing wait times and enhancing efficiency during the security check process. The implementation of these…
Nicolas Schmit, the newly-elected president of the Party of European Socialists (PES), has voiced his support for Bulgaria’s full accession to the Schengen Area. Speaking at a press briefing following his election at a PES congress held in Rome, Schmit emphasized the importance of Bulgaria’s integration into the Schengen Zone. “It is time for Bulgaria…
Effective from March 1, Bulgaria has officially halted the use and importation of Russian oil for fuel production, following a decision by the Parliament to drop the derogation. Initially slated to remain in effect until the end of the year, lawmakers opted to significantly shorten the timeline to avoid indirectly financing Russia amidst ongoing geopolitical…
“Bulgargaz” suggests an 18% decrease in natural gas prices starting next month, potentially lowering costs for consumers to around BGN 58 per megawatt hour. The proposal was made during a public discussion with the Commission for Energy and Water Regulation, with the final decision expected on March 1. If approved, this reduction could offer relief…