In 2023 10.6% of the population in the European Union reported being unable to keep their homes adequately warm, marking an increase of 1.3% compared to the previous year, according to Eurostat, the EU’s official statistics agency. In Bulgaria the percentage of those unable to maintain sufficient warmth in their homes was significantly higher than…
Bulgaria will request a convergence report from the European Commission regarding its readiness to join the Eurozone once the country fulfills the price stability criterion, according to Finance Minister Temenuzhka Petkova. She explained that while Bulgaria meets most of the required criteria for eurozone membership, the sole remaining hurdle is related to price stability. Eurostat…
The Bulgarian government has effectively abandoned its plan to enter the eurozone on January 1, 2026, after Finance Minister Temenuzhka Petkova announced she would not request an extraordinary convergence report from the European Commission and European Central Bank. The country falls short of the inflation criterion by just 0.1%, with the current average annual inflation…
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March. Under the new measure, the full difference will be covered when the exchange price exceeds 180 leva per megawatt-hour, effectively preventing electricity bill increases. Energy Minister Zhecho Stankov emphasized the program’s dual…
The adoption of amendments to the Law on the Bulgarian National Bank (BNB), crucial for Bulgaria’s entry into the eurozone, was unexpectedly blocked in parliament as the ruling GERB party withheld its support. These changes, introduced by Dimitar Glavchev’s caretaker government, aimed to align the BNB leadership’s responsibilities with constitutional reforms from 2023, which allowed…
Sofia Airport has introduced free access to the Terminal 2 bus parking lot (P8) for tour operators’ buses and coaches throughout the winter season of 2024-2025. The initiative, aimed at supporting the active winter tourist season and facilitating high-intensity transfers, was agreed upon between the Minister of Tourism Evtim Miloshev and the airport concessionaire SOF…
Businesses in Bulgaria have identified cyberattacks as a growing concern, placing them among the top 10 risks for the first time in 2025, according to the Allianz Risk Barometer. The survey, conducted by Allianz Commercial, reflects feedback from over 3,778 risk management professionals across 106 countries, offering insights into global and local business challenges. Globally,…