Bulgaria ranks 35th in the 2023 list of the wealthiest countries, with net financial assets per capita amounting to 16,410 euros. The Global Wealth Report, released by Allianz, highlights a notable increase in global financial assets of private households, which has risen by 7.6%, offsetting a previous decline of 3.5%. The total financial assets worldwide…
Guarantees are required to address the issue of unfair imports of Ukrainian eggs within the framework of the EU’s free trade agreement. This statement was made by Zsolt Feldman, Hungary’s State Minister of Agriculture and Rural Development, in response to Bulgaria’s request to halt egg imports from Ukraine until the single market is regulated. The…
During his visit to New York, Bulgaria’s Acting Minister of Foreign Affairs Ivan Kondov participated in the G7+ meeting of foreign ministers focused on supporting Ukraine’s energy sector, as announced by the Ministry of Foreign Affairs’ press center. The meeting was co-hosted by US Secretary of State Antony Blinken and Italy’s Minister of Foreign Affairs…
In 2023, Bulgaria’s exports totaled 86.9 billion leva, reflecting a decline of 6.5% compared to the previous year. The National Statistical Institute reports that the most significant growth in exports occurred in January, with an 18% increase, while the steepest decline was seen in June, dropping by 15.5%. The sector that experienced the highest growth…
This summer is shaping up to be better for Bulgarian tourism compared to the last pre-pandemic year, 2019, according to the Minister of Tourism Evtim Miloshev. However, current statistics indicate that while Bulgarian tourists are declining, the number of foreign visitors is on the rise. In the peak summer season, 7,500 fewer Bulgarians visited the…
In preparation for the introduction of the euro, Bulgaria is updating its payment services and systems to align with the new currency regime, as outlined in the National Plan. Economist Rumen Galabinov highlighted that this preparation involved ensuring technical readiness for converting from lev to euro. The conversion rate of 1.95583 will be adhered to,…
For five consecutive years, McDonald’s has maintained its position as one of Bulgaria’s top employers, consistently earning recognition in the Hewitt/AON survey. The company has also twice been ranked among the top 10 employers in Central and Eastern Europe. In the “Large Companies” category of Bulgaria’s “Best Employers” survey, McDonald’s secured first place in 2006…