In 2024, about 68% of households across the European Union were owner-occupied, a slight decline from 69% in 2023, according to Eurostat data. The remaining 32% of the EU population lived in rented homes, up from 31% the previous year. Home ownership rates varied significantly across the EU. Romania led with 94% of households living…
Bulgaria is facing rising living costs, with service prices still climbing, according to economists. Authorities have already flagged the most frequent violations of the Law on the Euro since the start of the year, largely in the form of unjustified increases in the services sector. Analysts predict that overall prices in the country will grow…
Google has granted funding of $500,000 to the Bulgarian INSAIT Institute at Sofia University “St. Kliment Ohridski”, recognising the institute’s strong performance in the field of artificial intelligence at both national and international level. According to the institute and the Ministry of Education and Science, the award is intended to support further cutting-edge research and…
The Managing Director of the International Monetary Fund, Kristalina Georgieva, emphasized that Bulgaria’s economy continued to perform strongly despite ongoing political uncertainty. She warned that the country must avoid letting its budget deficit grow and urged both caretaker and regular governments to adopt careful fiscal policies. Georgieva noted that Bulgaria was already reaping benefits from…
Bulgaria has emerged as Europe’s top exporter of black caviar, according to Assoc. Prof. Violin Raykov from the Institute of Oceanology at the Bulgarian Academy of Sciences. The export of this high-value delicacy is tightly regulated, carried out under a quota system overseen by the Ministry of Environment and Water. Only select companies in the…
Austrian companies operating in Bulgaria continue to view corruption as one of the country’s most significant economic challenges, alongside crime, bureaucracy, underdeveloped infrastructure, and political instability. A recent survey conducted in October and November 2025 shows that 96% of Austrian firms consider the fight against corruption a major unresolved issue. Businesses also highlight the persistent…
Bulgaria’s transition to the euro is proceeding smoothly, marking a major step in the country’s full integration into the European Union, according to an analysis by the Fiscal Council. The Council notes that the adoption of the single currency benefits from particularly favorable conditions. Bulgaria’s long-standing currency board and fixed exchange rate have minimized the…