If Bulgaria adopts the euro in July 2025, property prices are expected to rise further, according to Yavor Peychev, executive director of the real estate agency “Imoteka”. He predicts that finding buyers for properties priced higher than the market value will become more challenging. While sellers have dominated the market in recent years, taking advantage…
Bulgaria ranks at the bottom of the European Union when it comes to vacation habits, with a significantly lower percentage of people taking time off for holidays compared to other EU countries. In 2022, just over a quarter of Bulgarians took a vacation for personal reasons, placing them at the bottom of the list. Romania,…
Bulgaria’s economy is expected to experience modest growth in 2024, though it remains far below the levels seen in 2017. For 2025, businesses anticipate that economic indicators will either remain stagnant or worsen, according to the annual “2024 through the eyes of business” survey conducted by the Bulgarian Industrial Chamber (BIA) between November 5 and…
Bulgarians are currently divided on the issue of joining the eurozone, with 46% in favor and an equal 46% against, according to the latest “Standard Eurobarometer” report for Bulgaria, which surveyed citizens between October 11 and November 1. This marks a 9-point increase in support for the eurozone compared to previous data. Despite this growing…
In the third quarter of 2024, housing prices in Bulgaria saw a notable rise of 16.5% compared to the same period last year, according to the National Statistical Institute. When compared to the previous quarter, the increase was slightly below 4%, with the largest price jumps occurring in Sofia and Varna, where prices surged by…
Renovation work has commenced at the “Kulata” border checkpoint in preparation for Bulgaria’s upcoming entry into the Schengen area on January 1, 2025. The upgrades aim to enhance traffic flow by creating two lanes in each direction leading up to the checkpoint. The expansion includes a 200-meter stretch on both sides of the checkpoint. However,…
As of the close of the third quarter, preliminary data from the National Statistical Institute (NSI) indicated that there were approximately 17,600 job vacancies across Bulgaria. This marks a decrease of nearly 1,000 positions compared to the end of the second quarter. Recently, the Employment Agency highlighted that the most in-demand roles include caretakers, machine…