Housing affordability in Sofia has improved since the pandemic, making it one of the few capitals in Central and Eastern Europe (CEE) to experience this positive trend, according to a report by Colliers International. The consultancy examined housing affordability from two key perspectives: the ability of an average salary earner to secure a loan from…
Bulgaria is expecting a boost in winter tourism this year, with about 3.1 million foreign visitors projected between December and March 2025, an increase of 5% compared to last year’s 2.9 million, according to Rumen Draganov, director of the Institute for Analysis and Forecasts in Tourism. This is also a notable rise of over 20%…
In November, farmers received almost 25,000 hectares of agricultural land surveyed and cleared by deminers for use. In total, since the beginning of the year, deminers have surveyed more than 309,000 hectares of land as part of the priority demining programme. “In November, our deminers passed the milestone of 300,000 hectares of agricultural land surveyed…
Bulgaria is expecting a 5% increase in tourist arrivals this winter season, according to the acting Minister of Tourism Evtim Miloshev. This growth is anticipated amid preparations for the winter resorts’ opening, which includes significant coordination among various stakeholders to ensure smooth operations. Miloshev shared these expectations during a meeting held at the Borovets resort…
In recent weeks, there has been ongoing concern regarding the state’s expenses for next year, with projections showing that costs far exceed available funds. As a result, savings are being emphasized. However, municipalities have raised concerns about how these cuts might impact their investment programs, questioning whether they will still receive subsidies from the state…
Since the beginning of the full-scale war, 87 companies have moved their production facilities to the Kirovohrad region, the Kirovohrad Regional Military Administration (RMA) reports. “Since the beginning of the war, the region has been working proactively to support businesses in relocating production facilities, personnel, raw materials and residual products from areas close to or…
The Gross Domestic Product (GDP) for Bulgaria in the third quarter of 2024 grew by 2.4% compared to the same period in 2023, as reported by the National Statistical Institute (NSI). The increase was also evident when compared to the previous quarter, with a 0.6% rise in GDP. In monetary terms, GDP reached 53,769.8 million…