A new trend is emerging in Sofia’s real estate scene – property sales are outpacing rentals, reversing a pattern that has dominated the past decade. The observation comes from the National Real Estate Association (NRA), which brings together over 2,500 professionals committed to ethical and responsible practice. While this reversal is noteworthy, experts anticipate a…
From July 8 to 11, representatives of the Ministry of Finance of Ukraine held a series of working meetings with experts from the Organisation for Economic Co-operation and Development (OECD). The discussions focused on Ukraine’s strategic initiatives in international taxation, harmonization of legislation with EU tax standards, preparations for OECD accession and further adaptation of…
An American company specializing in robotic and minimally invasive surgery has launched a new production facility in the Bulgarian town of Parvomay, marking a key step in its European expansion. The new base, part of Intuitive’s global operations, is located in the Plovdiv region and will manufacture 3D endoscopes and micro-optical parts for the da…
The Bulgarian National Bank (BNB) will begin issuing commemorative coins in euros starting next year, as outlined in its latest Monetary Program. This marks the first time the central bank will mint gold coins in the European currency, coinciding with Bulgaria’s planned eurozone accession in January 2026. The first of these coins, titled St. Virgin…
On July 10, the Ministry of Finance attracted EUR 1 billion to the state budget from the European Union. The funds are part of the EU’s contribution under the G7 Extraordinary Revenue Acceleration for Ukraine (ERA) initiative. The ERA initiative envisions providing Ukraine with $50 billion, secured by future revenues generated from frozen russian assets.…
Two leading global credit rating agencies, Fitch Ratings and S&P Global Ratings, have raised Bulgaria’s long-term foreign currency credit rating to BBB+ with a stable outlook, marking the highest level in the medium investment-grade tier. The primary factor driving the upgrade is the European Council’s formal decision approving Bulgaria’s entry into the eurozone from January…
The Ministry of Economy of Ukraine will collaborate with the Belgian agency for international cooperation Enabel to modernise and enhance the resilience of Ukraine’s labour market and employment system. A Memorandum of Understanding was signed by First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko, Enabel CEO Jean Van Wetter and Enabel’s Ukraine Director…