In July, the number of Bulgarians traveling abroad for vacation or excursions rose by just over 11% compared to the same month last year, according to the National Statistical Institute. During this period, the largest portion of Bulgarian trips abroad was for leisure and excursions, making up 47.4% of the total, followed by trips for…
In January-July, UAH 1 trillion was allocated from the state budget for the security and defense sector, including UAH 161.6 billion in July. This was reported by the press service of the Ministry of Finance of Ukraine in Telegram. “In January-July, the expenditures of the general fund of the state budget for the security and…
The “Economist Intelligence Unit” has pushed back Bulgaria’s anticipated entry into the Eurozone and full Schengen membership to 2026, citing ongoing political instability as a major factor. According to their August forecast, while adopting the euro could be technically feasible until 2025 if price stability and a stable government are achieved, the prevailing conditions suggest…
Hoteliers along Bulgaria’s Black Sea coast are reporting a disappointing summer season, describing it as miserable due to a significant drop in visitor numbers. The decline in attendance has reached up to 40% compared to the previous year. The Southern and Northern regions are particularly affected, with only Sunny Beach showing a rise in tourist…
A recent study by Moody’s reveals that Bulgaria is among the top European Union countries with a high concentration of companies connected to Russian entities. The research identified 46,000 firms across the EU with at least a 40% ownership by Russian companies or individuals. Bulgaria ranks second in this list, following the Czech Republic. According…
During the first six months following Bulgaria’s adoption of the euro, “Bulgarian Posts” will offer free exchange of banknotes and coins from levs to euros at the official exchange rate, with a daily limit of 1,000 leva per person. For exchanges between 1,000 leva and 10,000 leva, customers will need to submit a request 3…
On August 22, the Verkhovna Rada of Ukraine ratified the Political, Free Trade and Strategic Partnership Agreement between Ukraine and the United Kingdom of Great Britain and Northern Ireland. This will result in full trade liberalisation for the next 5 years, which will increase export potential for Ukrainian producers. This was announced by Yuliia Svyrydenko,…