Bulgaria: 3,600 Bulgarians declare overseas property

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,…

Bulgaria: farmland prices increasing

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…

Baltic States: S&P downgrades long-term credit ratings

Credit rating agency Standard & Poor’s (S&P) has downgraded the credit ratings of Estonia, and also of Latvia Lithuania, as a result of threats associated with the Russian Federation. S&P downgraded Estonia’s long-term credit rating from “AA-” to “A+”, while Latvia and Lithuania’s ratings, previously each at “A+”, were also downgraded, to “A” in both…