Bulgaria’s economy demonstrated stronger-than-expected growth in the final quarter of 2024, according to an analysis by United Bulgarian Bank (UBB) based on data from the National Statistical Institute (NSI). The country’s GDP expanded by 3.1% in real terms year-on-year in the fourth quarter of 2024, contributing to an overall growth rate of 2.4% for 2024,…
Bulgarian National Bank (BNB) Governor Dimitar Radev expressed support for the National Assembly’s decision regarding the request for an extraordinary convergence report on Bulgaria’s admission to the eurozone. Radev confirmed that the request would be signed “without a doubt”. He also commented on the recent controversy surrounding claims by the “Revival” party about a secret…
Large-scale inspections at food retail establishments continue across Bulgaria. The Bulgarian Food Safety Agency, the National Revenue Agency (NRA) and the Consumer Protection Commission have been conducting checks in stores and warehouses throughout the country. A separate inspection led by the NRA is also underway today. Both large and small outlets are being scrutinized for…
The Commission for the Protection of Competition (CPC) has requested detailed information from producers and traders of food products in order to establish the specific pricing method, delivery conditions and other factors affecting the formation of their retail price. The study will cover such basic food products as eggs, dairy products, meat, flour, bread and…
348 million leva (178 million euros) were received by the budget of the Bulgarian Ministry of Defense at the end of January as part of the agreement on compensation for aid provided to Ukraine. This was announced at a briefing in the Council of Ministers by Finance Minister Temenuzhka Petkova. “These funds contribute to the…
Financier Plamen Danailov, a municipal councilor from the “There Is Such a People” party, has recently discussed Bulgaria’s potential adoption of the euro, emphasizing that although the goal is achievable, the process will be stressful. Speaking to Bulgarian National Radio, Danailov suggested that Bulgaria’s political decision to seek membership in the eurozone was already in…
The Ministry of Finance has unveiled the draft state budget for 2025, revealing a planned deficit of 6.4 billion leva, representing 3% of the country’s GDP on a cash basis. This figure is aligned with the goal of keeping annual expenses under 40% of GDP, which will be maintained through the 2025-2028 period. The draft…