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,…
Sofia has been ranked 195th out of 327 cities worldwide in Numbeo’s 2025 cost of living rankings. The analysis uses New York City as the baseline with an index of 100%. Cities with a higher index are more expensive, while those with a lower index are cheaper. Sofia’s cost of living stands at just 39%…
The Ukrainian parliament has approved the purchase of two Russian nuclear reactors originally intended for the Belene Nuclear Power Plant (NPP) in Bulgaria. This decision came after a vote by the energy committee on January 16, which passed an amendment to a law aimed at improving the country’s business climate. The amendment specifically authorizes the…
Preparations for Bulgaria’s entry into the eurozone are well underway, despite the exact timeline remaining uncertain. While the government has not specified the date of the country’s adoption of the single European currency, regulatory changes are being made to ensure a smooth transition. Recently, the caretaker government has approved a decision requiring the State Commission…
The practice of hiring workers without formal employment contracts remains a widespread violation of labor and social security laws in Bulgaria, according to data from the Confederation of Bulgarian Trade Unions (CITUB) collected over the past year. The most frequently affected sectors include services, repair work and the restaurant industry. Velichka Mikova, CITUB’s national secretary…