In a comprehensive survey conducted by the Trend Research Centre between December 1 and 7, 2023, shedding light on the financial dynamics of Bulgarians, an astonishing 84% of respondents acknowledged relying exclusively on income derived from employment and/or pension. The survey, commissioned by the Finance Academy and encompassing 1,008 participants aged 18 and over, provides…
As a consequence of the recent cold spell gripping Bulgaria, the nation experienced a notable shift in its energy dynamics, emerging as a net importer of electricity on January 9. Despite possessing ample capacity, Bulgaria’s electricity production struggles to compete in the market, leading to increased reliance on neighboring countries. This trend, observed on a…
Bulgaria’s major airports, including Sofia, Varna, Burgas and Plovdiv, have confirmed their readiness for Bulgaria’s upcoming inclusion in the Schengen area by air, slated for March 31. These airports anticipate a seamless transition, assuring improved passenger processing and reduced wait times for travelers to and from Schengen member states. Airport authorities highlighted their advanced infrastructure…
The State Commission for Commodity Exchanges and Wholesale Markets in Bulgaria has reported a noteworthy 0.27% decline in the wholesale food price index over a span of two weeks, settling at 2.246 points compared to the pre-holiday figure of 2.252 points. Tracking back to the beginning of 2023, the food price index stood at 2.316…
The latest World Economic Situation and Prospects report from the United Nations Department of Economic and Social Affairs (UN DESA) sheds light on Bulgaria’s economic trajectory, painting a cautiously optimistic outlook amid global uncertainties. Despite a challenging global economic landscape, the report projects Bulgaria’s economy to exhibit a positive growth trend. Forecasts suggest a gradual…
The Thermal Power Plant “Bobov Dol” announced a temporary cessation of its operations, primarily attributed to the prevailing low electricity prices on the power exchange, as stated by the Executive Director, Eng. Lyubomir Spasov on January 4. The facility is undergoing maintenance, with one unit scheduled to resume operations by the following morning, and the…
The poultry industry is grappling with a major concern: the relabelling of imported eggs and chicken meat, raising issues of authenticity and traceability within Bulgaria. Daniel Bozhankov, head of the Association of Industrial Poultry Breeding, highlighted this ongoing problem, stating that imported products were often repackaged and falsely presented as Bulgarian in the market network.…