In recent months, sales of residential properties in Bulgaria’s major cities have risen sharply. The demand for housing continues to outstrip supply, leading to a steady increase in prices. According to Eng. Georgi Shopov, chairman of the National Association of Construction Entrepreneurs, this trend is driven by two fundamental factors: housing is a basic necessity,…
Bulgaria’s readiness to join the eurozone has become a hot topic, with varying opinions emerging from politicians and parties. Andrey Valchev, a member of the Bulgarian Socialist Party (BSP), stated on Nova TV that Bulgaria was not yet ready to adopt the euro. He emphasized that citizens should not bear the consequences of the country’s…
The Ministry of Finance, led by the minister Temenuzhka Petkova, announced that until February 14, a new draft of the State Budget Act for 2025, as well as the draft budgets for the National Health Insurance Fund and the State Social Insurance, would be submitted to the Council of Ministers. The proposed budget aims to…
The European Union has extended sanctions against Russia until the end of the year, targeting various sectors including trade, finance, technology and personal rights. The EU also reiterated its readiness to impose additional measures if deemed necessary. Former Deputy Defense Minister of Bulgaria Yordan Bozhilov emphasized that sanctions were a key tool for the EU,…
Bulgaria has been closely monitoring inflation trends both domestically and in the eurozone, as these figures are key to determining the country’s potential entry into the eurozone. Despite meeting expectations for inflation in recent months, Bulgaria missed the required threshold by just 0.1%. As a result, the government plans to submit an extraordinary convergence report…
Bulgaria has successfully issued new government securities totaling 300 million leva, as announced by the Ministry of Finance following an auction held on January 27. The securities, denominated in leva, have a maturity of seven years with an annual interest coupon of 3.25%. The weighted average annual yield achieved at the auction was 3.47%, with…
Despite the measures imposed by the Bulgarian National Bank (BNB), housing lending in Bulgaria continues to rise rapidly. In November 2024 commercial banks approved housing loans totaling 923 million leva, marking an increase of nearly 5% from October 2024 and 22.5% compared to November 2023, according to BNB data. This follows a similar upward trend…