Real estate agents have reported a surge in property purchases by foreigners in Bulgaria’s resorts and major cities like Sofia, Plovdiv, Varna and Burgas. While resorts like Bansko and Sunny Beach have seen the most transactions by foreigners, Bulgarians remain the primary buyers across all mountain and seaside destinations. In urban areas, foreign buyers are…
The EU’s Solidarity Corridors have helped export Ukrainian goods to the European and global markets for two years and generated about EUR 50 billion in income for Ukraine’s economy. Transport Commissioner Adina Valean said this on the second anniversary of the creation of Solidarity Lanes – alternative logistics routes via rail, road and inland waterways.…
Starting from January 1, 2025, Bulgaria aims to raise its minimum wage to at least BGN 1,080 (EUR 552), a significant increase from the current BGN 933 (EUR 477). This announcement was made by Luboslav Kostov, Chief Economist of the Confederation of Independent Trade Unions of Bulgaria (CITUB), during a forum organized by trade unions…
It is “likely” that Russia is involved in the fire that has recently destroyed Warsaw’s largest shopping centre, says Polish Prime Minister Donald Tusk. However, he added that investigations were still ongoing. At a press conference on May 21 afternoon, at which he was discussing the formation of a new commission to investigate Russian influence…
A total of 48,464 individual enterprises have been registered by Ukrainians in Poland over the past two years. The relevant statement was made by Diia.Business in Warsaw. “Over the past two years, Ukrainians have registered 48,464 individual enterprises in Poland. Prior to the beginning of the full-scale invasion, our compatriots used to set up about…
Bulgaria’s prospects for joining the euro in 2025 were bolstered by a cooling annual inflation rate, which dropped to the eurozone average of 2.4% in April, marking its first dip below 3% since the summer of 2021, according to statements from the Finance Ministry to Euractiv Bulgaria. The ministry affirmed a strong political commitment from…
Although a large majority of Poles think their financial literacy is average or good, in reality many of them have gaps in knowledge relating to even basic concepts such as inflation, a new study has found. The report, commissioned by KRD, which runs Poland’s largest debt registry, consisted of a survey asking Poles to assess…