The number of young people up to the age of 25 who are heavily in debt is on the rise in Bulgaria, with the fastest-growing demographic being young individuals, even those with stable incomes. Financial mismanagement is primarily to blame, particularly among men, who tend to incur more debt than women. This alarming trend is…
Bulgaria’s Ministry of Finance is optimistic that the final requirement for joining the Eurozone will be met until December, according to the acting Deputy Prime Minister and Minister Lyudmila Petkova. This criterion pertains to inflation, and Bulgaria plans to request a new assessment within two weeks following its fulfillment. During a presentation on the financial…
Tourism Minister Evtim Miloshev announced that 2024 had been the best year for Bulgarian tourism since the introduction of statistical tracking. Indicators such as tourism revenue, accommodations, tourist numbers, registrations and border checkpoint traffic have all reached record levels. Despite the positive data, Miloshev noted that Bulgaria’s resorts still faced significant challenges that needed addressing.…
The hryvnia weakened by 13% against the dollar over the year of the managed flexibility regime on the foreign exchange market, which at the same time helped curb inflation and improve the trade balance, the National Bank Governor Andriy Pyshnyi wrote this in an oped for Economic Pravda. “In the year of managed flexibility, the…
In Bulgaria, purchasing a 100-square meter apartment requires the equivalent of 199 monthly salaries, according to a recent study that compares real estate prices across 62 countries against average local wages. The report by BestBrokers.com identifies Denmark as the most affordable country in Europe for homebuyers relative to average income, where the average cost of…
Excise duties on most goods in Latvia will remain lower than those in Estonia even after hikes Estonia’s southern neighbor plans to put in place over the next three years, “Aktuaalne kaamera” reports. Latvia has no current plans to raise VAT, unlike Estonia, which increased that indirect tax by 2% at the start of this…
On October 1, the Ministry of Finance raised UAH 12.142 billion to the state budget at an auction for the placement of domestic government bonds. The ministry’s press service said this in a post on Facebook. “Today, the Ministry of Finance placed bonds worth more than UAH 12.1 billion,” the post reads. The Ministry of…