Bulgaria: Eurozone entry postponed

Bulgaria’s anticipated entry into the Eurozone is shadowed by uncertainty, as officials caution that the prospect may be delayed amidst persisting inflation challenges. Dimitar Radev, Governor of the Bulgarian National Bank (BNB), and former Minister of Economy Bogdan Bogdanov, shed light on the pressing issues hindering Bulgaria’s path to Eurozone accession in interviews with media…

Bulgaria: banking and government leaders rally for Eurozone entry

Amidst discussions about Bulgaria’s journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria’s banking system, stating it aligned closely with Eurozone standards. Chobanov’s remarks came during a conference organized by the Association of Banks in Bulgaria (ABB), where he emphasized the banking sector’s compliance…

Bulgaria: GDP to rise in 2024

In its latest macroeconomic forecast released on April 16, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria’s Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023. The projected economic expansion is expected to be primarily driven by the positive influence of domestic demand, with net exports forecasted to…

Bulgaria: Robert De Niro to open two hotels

Renowned actor and co-founder of Nobu Hospitality, Robert De Niro, is set to make waves in Bulgaria’s hospitality scene with the opening of two luxury hotels under the Nobu brand. The US-based brand, known for its upscale hotels, restaurants and residences, is making its mark in Bulgaria with properties in Sofia and Varna. The first…