In October, Bulgaria recorded a current account deficit of 1.0646 billion euros, marking the largest monthly shortfall since September 2022, according to preliminary data from the Bulgarian National Bank (BNB) on the country’s balance of payments. The trade deficit also widened sharply, reaching 1.0444 billion euros, while foreign direct investment (FDI) inflows increased by 448.5…
Scope Ratings has completed its latest review of Bulgaria and confirmed the country’s long-term credit rating at A- with a stable outlook, alongside short-term ratings of S-1/Stable. The agency highlights several factors that continue to support Bulgaria’s position, most notably the forthcoming entry into the euro area, which is expected to bring significant advantages through…
The latest assessment from the Organisation for Economic Co-operation and Development suggests that Bulgaria will maintain solid economic momentum this year, with GDP expected to rise by around 3%. According to the OECD’s new Global Economic Prospects report, growth will moderate in the following years, easing to 2.6% in 2026 and to 2.4% in 2027.…
Sofia remains the leading region in Bulgaria in terms of economic development, according to the 2025 IME study “Regional Profiles: Development Indicators.” The data show that the capital consistently outperforms the rest of the country in key measures, including investments, salaries, and the number of newly registered companies. As a result, other regions that are…
Illegal recruitment practices in Uzbekistan are sending workers to Bulgaria under the promise of salaries reaching 5,000 leva (EUR 2,560), but the reality often fails to meet expectations, prompting many to leave early and leaving Bulgarian employers facing staffing gaps. Officials, business representatives, and employer organisations convened in Ruse on November 12 to discuss strategies…
Burgas Airport will close for major renovation, with operations set to resume on May 1, 2026. The airport is entering a six-month period of runway reconstruction and apron upgrades, marking a significant infrastructure investment of 50 million euros by its German concessionaire, Fraport. The closure coincides with the 19th anniversary of the start of the…
Ukrainian President Volodymyr Zelensky in a phone call with Bulgarian Prime Minister Rossen Jeliazkov discussed energy cooperation, security in the Black Sea region, and proposed launching joint weapons production. The head of state reported this on Telegram. “I had a conversation with Prime Minister of Bulgaria Rossen Jeliazkov. We discussed strengthening energy cooperation and agreed…