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Economy

Preparation for joining the euro area: Banking sector in Bulgaria is ready for the country's membership

The banking sector in Bulgaria is ready for the country's euro area membership. A continuous organisation and internal processes in the systems are underway, explained Svetoslav Milanov, CEO of one of the banks in the country, during the forum "Finance: Equations and Solutions" on November 19....
Share of working poor in Bulgaria has increased by 50% in the past few years
Share of working poor in Bulgaria has increased by 50% in the past few years
The number of working poor in Bulgaria has increased by 50% in the past few years. Their proportion rose from 8 to nearly 12%. This was announced by the Trade Union "Podkrepa" at a forum on the...
The standard of living in Bulgaria: Richest in Sofia, poorest in Vidin region
The standard of living in Bulgaria: Richest in Sofia, poorest in Vidin region
The capital remains the richest, although Sofia's share in the national total declined by two percent. This is according to the latest survey of the Institute for Market Economics (IME). Sofia...
Bulgaria to ask EC for protective measures against honey imports from Ukraine
Bulgaria to ask EC for protective measures against honey imports from Ukraine
Bulgaria will ask the European Commission for protective measures against Ukrainian honey imports. This will happen on Monday in Brussels at the meeting of EU agriculture and fisheries ministers....
First sod of the Danube Industrial Technology Park in Svishtov.
Caretaker Minister of Innovation and Growth Rosen Karadimov on November 7 made the first sod of the Danube Industrial Technology Park in Svishtov....
Taxi drivers ready to protest due to a spike in price of third party liability insurance from 260 to 3,000 BGN
Taxi drivers across the country are on protest alert. They are unhappy with the drastic increase in the in the price of the mandatory third party...
The largest paper mill in the country to close at the end of the year
The largest paper mill in the country, the one in the Southern Bulgarian town of Stamboliyski closes at the end of the year. The decision of...
Contract for construction of new capacities at Kozloduy nulcear power plant signed
An engineering contract for the construction of new capacity at Kozloduy nuclear power plant (NPP) was signed in the Granite Hall of the Council...
EWRC approved 8% increase in natural gas price in Bulgaria for November
EWRC approved 8% increase in natural gas price in Bulgaria for November
The Energy and Water Regulatory Commission (EWRC) approved the natural gas price for November at...
The state's money: Trade unions and employers demand change in tax laws
The state's money: Trade unions and employers demand change in tax laws
The submission and adoption of the state budget and tax laws will be delayed again this year....
Chiren underground gas storage facility filled at 100%
Chiren underground gas storage facility filled at 100%
The underground gas storage facility "Chiren" is filled at 100% of its technical storage...
Many food prices in Bulgaria exceed the European average
Many food prices in Bulgaria exceed the European average
Zlatka and Andrei Semovi have run a market stall in one of the markets in the capital for 10...
What kind of workers and professionals will Bulgarian businesses need in the next 12 months?
What kind of workers and professionals will Bulgarian businesses need in the next 12 months?
Bulgarian businesses will need nearly 262,000 workers and professionals in the next 12 months....
More than 200% milk price difference between farmers and consumers
More than 200% milk price difference between farmers and consumers
There's over a 200% markup in farm-to-store fresh milk prices. Wholesale prices for fresh milk...
Minimum wage in Bulgaria goes up to 1,077 BGN as of January 1, 2025
Minimum wage in Bulgaria goes up to 1,077 BGN as of January 1, 2025
The Council of Ministers on October 23 adopted a decree setting the minimum wage at BGN 1,077,...
House prices in Bulgaria went up by 14% in 2024 alone
House prices in Bulgaria went up by 14% in 2024 alone
The increase in house prices remains high. The industry points out that for the last three...
Financial position of Maritsa East Mines is deteriorating
Financial position of Maritsa East Mines is deteriorating
The financial position of the state-owned Maritsa East Mines is deteriorating. The state will...
Border controls stepped up with Romania and Greece over sheep pox outbreaks
Border controls stepped up with Romania and Greece over sheep pox outbreaks
Due to outbreaks of smallpox in sheep, increased controls have been introduced for the...
Bulgarian 'LB Bulgaricum' and Japanese 'Meiji' will establish joint research laboratory in Bulgaria
Bulgarian 'LB Bulgaricum' and Japanese 'Meiji' will establish joint research laboratory in Bulgaria
The state-owned company "LB Bulgaricum" signed a contract with its long-standing partner - the...
Consumer prices growth in Bulgaria slows down - national statistics
Consumer prices growth in Bulgaria slows down - national statistics
For yet another month, inflation in Bulgaria experienced a slowdown. The annual inflation for...
Buying a property: Could the investment be a money laundering method?
Buying a property: Could the investment be a money laundering method?
The interest in mortgage lending and real estate investment has not waned in the past few years....
Slight increase in prices of some foods, fruits and vegetables during the previous week
Slight increase in prices of some foods, fruits and vegetables during the previous week
A slight increase in the prices of some staple food commodities, fruits and vegetables was...
Social partners fail to agree on minimum wage increase from Jan.1
Social partners fail to agree on minimum wage increase from Jan.1
The National Council for Tripartite Cooperation, which includes representatives of the trade...
Farmers call off protest plans
Farmers call off protest plans
Farmers received guarantees that they would receive the full amount of so-called "Ukrainian aid"...
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