Bulgaria’s economy posted a 3.1% YoY growth in gross domestic product (GDP) in the first quarter of 2025, and a 0.6% increase compared to the final quarter of 2024, according to seasonally adjusted preliminary data released by the National Statistical Institute (NSI). In absolute terms, the GDP in the January-March period stood at 45.6 billion…
On June 5, the eighth meeting of the EU-Ukraine High-Level Dialogue on horizontal issues and specific industrial sectors took place in Rzeszow. The event was co-chaired by Ukraine’s Deputy Minister of Economy Andrii Teliupa and Maive Rute, Deputy Director-General of the European Commission’s Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs. “The High-Level Dialogue is…
Small businesses in Bulgaria are far from ready to fully embrace the euro, even though some major retail chains began showing prices in both lev and euro earlier this month. According to industry representatives, retailers will need at least half a year to adjust to the new currency rules, while restaurateurs are bracing for higher…
The government will act firmly against any attempt to unjustifiably raise prices in the context of Bulgaria’s upcoming adoption of the euro, Finance Minister Temenuzhka Petkova has stated during her first public appearance since the European Commission and European Central Bank issued positive reports on the country’s progress toward eurozone membership. Speaking at the 2025…
The Verkhovna Rada has adopted amendments to the Budget Code of Ukraine necessary for the implementation of the U.S.-Ukraine minerals agreement, with the draft law passing almost unchanged in the second reading. MP Yaroslav Zhelezniak announced this on Telegram. “The Rada has finally approved amendments to the Budget Code to implement the minerals agreement. By…
From August 8, all retail outlets in Bulgaria are expected to display prices in both leva and euro, according to Nikolay Valkanov, executive director of the Association for Modern Trade. The move comes in anticipation of the country’s expected admission into the eurozone, with the final decision and date for entry projected to be announced…
The upcoming changeover from the lev to the euro in Bulgaria will not drive fuel prices up, according to Svetoslav Benchev from the Bulgarian Oil and Gas Association. He assured that the currency switch would have no impact on price levels, which were instead determined by the global crude oil market. “Whatever prices we see…