Retail trade stands as the second largest employer in Bulgaria, ranking among the top three sectors with the highest number of job vacancies currently available. According to national statistics, the sector contributed 8% to the gross domestic product last year, and its companies are significant contributors to the country’s tax revenues. These insights were shared…
Bulgarians continue to embrace the use of coins, as evidenced by the latest figures from the Bulgarian National Bank (BNB). The total number of coins in circulation reached 3,315,164,574 units as of the end of September, showing growth both compared to August and on an annual basis. This marks the highest quantity of coins in…
The Portuguese Trade and Investment Agency (AICEP) will conduct a series of trainings for experts from UkraineInvest, the Government’s Investment Promotion Office. UkraineInvest will then scale up this knowledge and train Ukrainian entrepreneurs on how to attract foreign direct investment and support Ukrainian businesses in international trade. This was the topic of a meeting between…
Bulgaria has fallen out of the top 50 countries worldwide in terms of economic freedom, according to the latest survey published by Canada’s Fraser Institute. For the third consecutive year, Hong Kong, Singapore and Switzerland occupy the top three positions in the Economic Freedom of the World 2024 ranking, while Bulgaria’s performance has declined, indicating…
Bulgaria’s industrial production has seen growth for the third consecutive month, with a reported increase of 0.8% in August compared to July, following minimal gains of 0.1% in June and 0.6% in July, as per data released by the European Statistical Office. However, the domestic industry is still experiencing an overall downward trend on an…
The Ministry of Economy has signed the first memorandums with banks under the programme of partial compensation for the cost of Ukrainian-made machinery and equipment. The first partners are Sky Bank and Bank Vostok. This programme is being implemented as part of the “Made in Ukraine” policy. “The first two banks have joined the programme…
Bulgaria is increasingly drawing its workforce from various continents, with the “Migration” Directorate of the Ministry of Internal Affairs allowing foreign nationals from 17 non-EU countries to work in the country during the first seven months of the year. The majority of these workers hail from Uzbekistan, Kyrgyzstan and Nepal, while the most distant contributors…