Bulgaria: business climate indicator up in January 2024

Bulgaria witnesses a notable improvement in its overall business climate indicator, surging by 3%age points from December 2023 to January 2024. The National Statistical Institute (NSI) revealed that this uptick spanned across all key sectors-industry, construction, retail trade and services. According to NSI, the composite indicator for the business climate in the industry sector rose…

Bulgaria: Varna tourism industry up in arms against offshore wind farm plans

The picturesque city of Varna is experiencing a clash between its tourism sector and proposed plans for offshore wind farms, sparking controversy and opposition within the local community. The draft bill outlining the construction of these wind farms recently passed its first reading in the National Assembly, triggering dissent among various stakeholders. Stoyan Marinov, co-chairman…

Bulgaria: Eurozone entry eyed by January 1, 2025

Bulgaria’s journey toward Eurozone membership has taken a significant step forward, with Finance Minister Asen Vassilev projecting a prospective entry date of January 1, 2025. In a collaborative effort to bolster regional ties, Vassilev engaged in fruitful discussions with Greek Finance Minister Stavros Papastavrou. The ministers underscored the robust and cooperative relationship between Bulgaria and…