As Bulgaria stands on the verge of adopting the euro, the country faces a sharp rise in counterfeit banknotes, with the second quarter of 2025 seeing a record number of fakes circulating. The surge is especially pronounced in the 100 leva bills, where counterfeit detections jumped from just 31 in the first quarter to 661…
Bulgaria continues to hold a leading position in the European Union when it comes to the share of women working in the information technology sector. According to the most recent Eurostat data for 2024, women make up 27% of all IT specialists in the country. This places Bulgaria third in the EU ranking, following Estonia…
From January to June, the total cash expenditure of the general fund of the state budget amounted to UAH 1.9 trillion, an increase of UAH 331.5 billion, or 21.5%, compared to the same period last year. In June alone, UAH 337.4 billion was spent. Expenditure on security and defence from January to June totalled UAH…
According to the results of the first 5 months of 2025, Poltava region maintains a positive balance of foreign trade turnover, which amounts to $350.2 million, and foreign trade turnover of goods exceeds $1045 million. The volume of regional exports of goods is $697.8 million, down by 27% YoY. The leading positions in terms of…
In the first quarter of 2025, Bulgaria experienced one of the steepest increases in house prices across the European Union, coming in second only to Portugal. Property values surged by 15.1% compared to the same period last year, significantly outpacing the EU average growth rate of 5.7%, according to data from Eurostat. This positions Bulgaria…
At a briefing, Finance Minister Temenuzhka Petkova expressed optimism that Bulgaria was on track to meet the eurozone’s price stability criterion once again in June. Citing the 12-month Harmonized Index of Consumer Prices (HICP) published by Eurostat, Petkova noted that Bulgaria’s inflation stood at 2.8%, slightly below the preliminary eurozone average of 2.9%. Turning to…
On July 15, the international credit rating agency S&P Global Ratings raised Sofia Municipality’s long-term credit rating from “BBB” to “BBB+”, assigning it a stable outlook. The upgrade reflects the capital’s strong fiscal position and anticipates benefits stemming from Bulgaria’s anticipated accession to the eurozone. Deputy Mayor for Finance Ivan Vassilev commented on the development,…