Bulgaria anticipates favorable outcomes from the upcoming reports by the European Commission (EC) and the European Central Bank (ECB) on its euro adoption, as announced by Finance Minister Temenuzhka Petkova. She made these comments during her participation in the “Investor Day 2025: Embracing Opportunities” forum organized by the Bulgarian Stock Exchange. Minister Petkova reaffirmed that…
Veselin Danev, chairman of the Bulgarian Hotel Association, highlighted a major issue in Bulgaria’s tourism sector: a significant decline in the workforce. Employment has dropped by nearly 20%, with the most noticeable decrease among younger workers, particularly those under 34 years old, where the reduction exceeds 30%. Danev also pointed out that high taxes on…
Pensioners of Vinnytsia region received UAH 2,433.8 million for pension payments, including UAH 591 million for pension payments through JSC “Ukrposhta” with payment dates until April 25 and UAH 1,842.8 million for payment through authorized banks with payment dates until April 25. Financing of insurance payments continues and as of today, UAH 76.1 million has…
Tourism in Bulgaria has made significant strides toward recovery in 2024, though it still hasn’t returned to pre-pandemic levels of 2019, according to Atanas Dimitrov, Deputy Chairman of the Bulgarian Hotel and Restaurant Association. He attributed challenges faced by the industry to factors like climate change and a lack of an effective marketing campaign by…
Bulgarian garment companies are struggling to find new markets due to the recent increase in tariffs on industrial goods under Donald Trump’s administration. Business owners are grappling with important questions: will Chinese imports shift towards Europe? Will local producers face a serious blow, leading to a market flooded with cheaper, lower-quality clothing? And could this…
The Prime Minister Denys Shmyhal and the World Bank’s Managing Director of Operations Anna Bjerde discussed the implementation of joint projects, launching new initiatives and attracting funding next year. The meeting took place in Washington, DC. The Head of the Ukrainian Government emphasized that the Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (URTF), established…
The National Real Estate Association has raised concerns regarding the proposed Bill on Real Estate Brokers, submitted by MP Valeri Plamenov Lachovski and others. According to the association, the draft law fails to adequately define the responsibilities of real estate brokers during transactions. Real estate transactions involve a multifaceted process aimed at safeguarding the financial…