The process surrounding Bulgaria’s transition to the euro is unfolding smoothly and compares favorably with similar experiences in other countries, including Croatia, according to Vladimir Ivanov, Chairman of the State Commission on Commodity Exchanges and Markets and head of the Coordination Center for the Euro Mechanism. Speaking to bTV, he said the system had proven…
The process of converting Bulgarian levs to euros continues smoothly, with 48.3% of the national currency already withdrawn from circulation. To simplify the exchange process and prevent abuses, rules for converting levs in banks have been standardized. Citizens who are not clients of a given bank must present an ID when exchanging up to EUR…
Hotels in Bulgaria are transitioning to the euro without major issues, according to Georgi Duchev, executive director of the Bulgarian Association of Hotel Management Professionals. He said that most bookings were prepaid and modern hotel software allowed for straightforward currency conversion, easing the adjustment for both management and guests. Duchev noted that the hotel sector,…
In the third quarter of 2025, Bulgaria was among the EU countries experiencing the strongest growth in house prices, according to Eurostat data. Across the euro area, the house price index rose by 5.1% YoY, while the EU overall saw a 5.5% increase. Over the same period, prices had grown by 1.6% compared with the…
Sofia’s Vitosha Boulevard continues to hold its status as Bulgaria’s most expensive shopping street, with average rents reaching 726 euros per square meter per year, according to the latest Main Streets Across the World 2025 report by Cushman & Wakefield. This places Vitosha Boulevard 41st globally in 2025, a slight rise from its 42nd position…
Property prices in Sofia are expected to continue their upward trend in 2026, even as the number of completed transactions declines, according to real estate expert Dr. Georgi Yankov. Yankov, co-founder of Imvestia and a managing partner at a major real estate agency, noted that rising prices did not indicate a market equilibrium where buyers…
All indices on the Bulgarian Stock Exchange opened strongly in their first session measured in euros, showing gains across the board. At a ceremonial event marking the start of trading, Manyu Moravenov, executive director of the exchange, expressed optimism about the year ahead for Bulgaria’s capital market. Moravenov highlighted that the Bulgarian Stock Exchange was…