Sales of luxury cars in Bulgaria have surged significantly over the past year, according to new data from the Ministry of the Interior. The Bulgarian market has seen a notable increase in the number of high-end vehicles, with approximately 880 people now driving cars from brands such as Aston Martin, Bentley, Bugatti, Lamborghini, Lotus, McLaren,…
In July, inflation in Bulgaria decreased to 2.4% on an annual basis, according to recent statistics from the NSI. However, compared to the previous month, the inflation index rose by 0.8%, reversing a trend of decline observed in recent months. This increase is primarily attributed to higher prices for tourist services and establishments. Seasonal factors…
Bulgaria’s foreign trade has been experiencing a decline since the start of the year, according to recent data from the National Statistical Institute. In the first five months of the year, both exports and imports saw reductions. Exports fell by 6.2% compared to the same period in 2023, totaling 22.2 billion leva. Major export destinations…
The Bulgarian National Bank has reported a rise in counterfeit 100 leva bills, according to statistics released on its website. In the second quarter, there were 230 fake 100 leva notes identified and confiscated. Overall, the bank registered and seized 397 counterfeit banknotes during this period. Among these, 83 were 20 leva notes, 74 were…
The Bulgarian Parliament has approved amendments to the Accounting Law, mandating that enterprises include a sustainability report in their activity reports. This new requirement, effective for the 2024 accounting year, aims to provide a comprehensive view of corporate sustainability by analyzing both financial and socio-economic impacts of a company’s activities. Large enterprises, as well as…
The Bulgarian Minister of Energy has announced a temporary suspension of the order for the expansion of the Chiren underground gas storage facility. This decision will remain in effect until the European Prosecutor’s Office completes its inspection of Bulgartransgaz. The minister noted that the ongoing investigation involved an auditor from Bulgartransgaz itself. According to Bulgartransgaz,…
In Bulgaria, newly constructed homes are predominantly two-room units, averaging 85 square meters in size and built mainly from reinforced concrete. The highest construction activity is currently seen in Plovdiv and Burgas. Last year, nearly 5,500 new homes were built in Bulgaria, marking a slight increase from the previous year and surpassing the fewer than…