Bulgaria’s Deputy Prime Minister and Finance Minister Lyudmila Petkova stated that the Ministry of Finance had developed various revenue and expenditure measures to keep next year’s budget deficit within 3% of GDP on an accrual basis. Following a meeting of the National Council for Tripartite Cooperation, Petkova confirmed that there were no planned tax increases…
Retail trade stands as the second largest employer in Bulgaria, ranking among the top three sectors with the highest number of job vacancies currently available. According to national statistics, the sector contributed 8% to the gross domestic product last year, and its companies are significant contributors to the country’s tax revenues. These insights were shared…
Bulgarians continue to embrace the use of coins, as evidenced by the latest figures from the Bulgarian National Bank (BNB). The total number of coins in circulation reached 3,315,164,574 units as of the end of September, showing growth both compared to August and on an annual basis. This marks the highest quantity of coins in…
Bulgaria has fallen out of the top 50 countries worldwide in terms of economic freedom, according to the latest survey published by Canada’s Fraser Institute. For the third consecutive year, Hong Kong, Singapore and Switzerland occupy the top three positions in the Economic Freedom of the World 2024 ranking, while Bulgaria’s performance has declined, indicating…
Bulgaria’s industrial production has seen growth for the third consecutive month, with a reported increase of 0.8% in August compared to July, following minimal gains of 0.1% in June and 0.6% in July, as per data released by the European Statistical Office. However, the domestic industry is still experiencing an overall downward trend on an…
The registered construction companies in Bulgaria have reached nearly 7,500 for the first time. The largest share consists of small firms with up to 49 employees, totaling 6,527. For the first time, the number of registered construction companies in the Central Professional Register maintained by the Bulgarian Chamber of Commerce (BCC) is approaching 7,500. As…
Bulgaria is increasingly drawing its workforce from various continents, with the “Migration” Directorate of the Ministry of Internal Affairs allowing foreign nationals from 17 non-EU countries to work in the country during the first seven months of the year. The majority of these workers hail from Uzbekistan, Kyrgyzstan and Nepal, while the most distant contributors…