Bulgaria: Finance Minister optimistic about Eurozone accession despite government rotation talks

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As Bulgaria sets its sights on joining the Eurozone until 2025, Finance Minister Asen Vassilev remains resolute in his commitment, despite ongoing uncertainties surrounding the government’s rotation. Speaking from Ghent, where he attended a meeting of EU economy and finance ministers, Minister Vassilev conveyed optimism regarding Bulgaria’s economic prospects and Eurozone aspirations. Citing data from…

Bulgaria: Kozloduy NPP confirms smooth transition to non-Russian nuclear fuel

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Amidst concerns surrounding energy security and the transition away from Russian nuclear fuel, the executive director of Bulgaria’s Kozloduy Nuclear Power Plant (NPP), Valentin Nikolov, has reassured the public that there is no risk of operational disruptions. Addressing fears of potential shutdowns, Nikolov affirmed that none of the operating units at the Kozloduy NPP were…

Bulgaria: household expenses up in Q3 2023

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At the end of 2023, household expenses increased by 19.1%, with the majority spent on food – approximately one-third of all expenditures. This is indicated by the data from the National Statistical Institute (NSI). In the third quarter of 2023, the average total income of households was 2,874 BGN, increasing by 22.5% compared to the…

Bulgaria: housing and food costs up in January 2024

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The National Statistical Institute (NSI) has unveiled the latest inflation data for January, shedding light on notable shifts in consumer prices across various sectors. According to preliminary NSI figures, January saw a monthly inflation rate of 0.5%, with annual inflation reaching 3.8%. The data provide crucial insights into the economic landscape, indicating trends in price…