Publicly available information from the National Revenue Agency reveals that 3,604 Bulgarian residents had properties abroad, all of which had been duly declared to the agency. Bulgarians own properties across various countries in the Balkans and the European Union. Additionally, some citizens take pride in owning properties in less commonly chosen destinations, including Andorra, Argentina,…
The agricultural land market in Bulgaria is on the verge of overheating, according to the latest data from the National Statistical Institute. Over the past decade, field prices in certain areas have skyrocketed more than 6-fold, reaching levels where natural resources must be extracted to recoup the investment. Real estate experts warn that a bubble…
The Bulgarian Energy and Water Regulatory Commission (EWRC) anticipates an average electricity price increase of 1.34% starting from July 1, while the price of hot water and heating is expected to decrease by an average of 8.44%. Final decisions will be made at the end of the month, with an open meeting scheduled for next…
Wizz Air is expanding its operations from Varna Airport by introducing four new destinations and increasing the frequency of flights to existing ones. The low-cost airline plans to base a second aircraft at the airport to facilitate these additions. The new destinations include Frankfurt-Hahn in Germany, with flights scheduled twice a week, and Prague in…
A recent comparison by the Bulgarian daily “Telegraph” reveals that indulging in a coffee and a beer in Sofia’s city center can leave a considerable dent in wallet, surpassing the prices found in many European capitals. The comparison, which analyzed menus from various eateries in cities like Athens, Cardiff, Luxembourg and London, shed light on…
Kozloduy Nuclear Power Plant (NPP) has announced its decision to terminate the contract with Russia for the supply of nuclear fuel, according to the company’s executive director, Valentin Nikolov. Nikolov further revealed that the available Russian fuel would now serve as a reserve. The milestone was marked on May 29 afternoon when the last of…
According to data from Eurostat, only 3.6% of Bulgarian businesses with 10 or more employees utilized artificial intelligence (AI) technologies to manage their operations in 2023. This places Bulgaria among the lowest-ranking countries in the European Union in terms of AI adoption. Eurostat defines artificial intelligence as encompassing various technologies, including text analysis, computer vision,…