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Economy

Sofia budget for 2024 has been adopted

The Sofia City Council on March 28 adopted the budget of the capital for 2024. 45 councillors voted in favour, and 15 were against. The budget was supported by the groups of GERB-UDF, We Continue the Change - Democratic Bulgaria and the councilors who split from “Vazrazhdane”....
Housing prices in Bulgaria increased by over 10% in fourth quarter of 2023
Housing prices in Bulgaria increased by over 10% in fourth quarter of 2023
The housing prices increased by 1.2% in the fourth quarter of 2023 compared to the previous quarter. The highest increase was recorded in Stara Zagora (+8.2%), followed by Burgas (+6.3%) and Varna...
European Commission approved €86.9 million in state aid to support Bulgarian farmers in the context of Russia's war against Ukraine.
European Commission approved €86.9 million in state aid to support Bulgarian farmers in the context of Russia's war against Ukraine.
The European Commission said on March 25 it has approved an approximately €86.9 million (BGN 170 million) Bulgarian scheme to support farmers in the context of...
Eurozone countries welcome Bulgaria's progress towards adopting the euro
Eurozone countries welcome Bulgaria's progress towards adopting the euro
We welcome the progress achieved by Bulgaria on its way towards adopting the euro and encourage the continued efforts towards meeting all the convergence criteria, a statement issued after the...
Sofia Airport includes new destinations in its 2024 summer flight schedule
Sofia Airport includes new destinations such as Riga, Helsinki, Skiathos and Bristol in its summer schedule this year, the airport operator said...
Bulgaria will cooperate with the USA in construction of Units 7 and 8 of Kozloduy Nulcear Power Plant
The MPs on March 21 adopted at second reading the proposal for cooperation with the USA for the construction of the 7th and 8th units of Kozloduy...
Bulgaria can join the euro area if it brings down inflation
GERB-UDF leader, Boyko Borissov, warned Bulgarians to prepare for tax hikes. Outgoing Finance Minister, Assen Vassilev, assured that the...
Miners and energy workers protest to preserve coal mining in the Maritsa Basin
Miners and energy workers staged a protest on March 15 demanding the preservation of coal mining and an end to carbon trading. The route of the...
National Statistical Institute:Inflation in Bulgaria continues to slow
National Statistical Institute:Inflation in Bulgaria continues to slow
The National Statistical Institute (NSI) reports annual inflation rate for February at 3.3%....
"Bulgaria Air" will fly Sofia - Baku - Sofia route twice a week
"Bulgaria Air" will fly Sofia - Baku - Sofia route twice a week
The Cabinet appointed Bulgaria Air AD as the air carrier to operate the international air route...
It is important for Bulgaria to join the euro area in 2025, IMF Managing Director Kristalina Georgieva says
It is important for Bulgaria to join the euro area in 2025, IMF Managing Director Kristalina Georgieva says
The exact date of Bulgaria’s joining the Eurozone is not as important as the accession...
Outgoing PM Denkov to IMF Managing Director: We can accelerate Bulgaria's economy
Outgoing PM Denkov to IMF Managing Director: We can accelerate Bulgaria's economy
We can accelerate Bulgaria's economy - this is the message the outgoing Prime Minister Nikolai...
Bulgaria prepares nomination of Kristalina Georgieva for a second term as the Head of IMF
Bulgaria prepares nomination of Kristalina Georgieva for a second term as the Head of IMF
Bulgaria prepares Kristalina Georgieva's nomination for a second term as the Managing Director...
NSI reports GDP growth of 1.8% for 2023
NSI reports GDP growth of 1.8% for 2023
The gross domestic product for 2023 will increase in real terms by 1.8% compared to 2022,...
Over 2,000 new jobs have been created by foreign investors in Bulgaria in 2023
Over 2,000 new jobs have been created by foreign investors in Bulgaria in 2023
More than 2,000 new jobs were created by foreign investors in the country last year. This...
Retail prices of fuel in Bulgaria are rising gradually
Retail prices of fuel in Bulgaria are rising gradually
Retail fuel prices in Bulgaria have risen by between 0,03 and 0,09 BGN over the past month, a...
Price of natural gas for March expected to fall by 18%
Price of natural gas for March expected to fall by 18%
Natural gas is expected to become 18% cheaper next month and to be sold for around 58 BGN per...
Finance Minister: Bulgaria has fully met 3 of the 4 criteria to join the euro zone
Finance Minister: Bulgaria has fully met 3 of the 4 criteria to join the euro zone
High support for adopting the euro in Croatia a year after the country's entry into the euro...
Negotiations for the construction of new units of Kozloduy NPP will be conducted only with Hyundai, MPs decided
Negotiations for the construction of new units of Kozloduy NPP will be conducted only with Hyundai, MPs decided
After more than two hours of debate, the MPs adopted by one vote more the decision to negotiate...
Hyundai fears unfair competition in construction of Kozloduy NPP units 7 and 8
Hyundai fears unfair competition in construction of Kozloduy NPP units 7 and 8
The South Korean company Hyundai fears potentially unfair competition during the construction...
Thermal Power Plant "ContourGlobal Maritsa-East" 3 stopped working
Thermal Power Plant "ContourGlobal Maritsa-East" 3 stopped working
Thermal Power Plant "ContourGlobal Maritsa-East" 3 stopped working at 23.59 last night, February...
Women's salaries in Bulgaria remain lower than men's, national statistics data shows
Women's salaries in Bulgaria remain lower than men's, national statistics data shows
In 2022, women's average hourly earnings were 12.6% lower than men's, according to the latest...
GERB and MRF propose accelerated negotiations for new Nuclear Power Plant units
GERB and MRF propose accelerated negotiations for new Nuclear Power Plant units
Kozloduy NPP to start negotiations with the potential builder of new units at the plant - the...
NSI announced the inflation rate in Bulgaria for January
NSI announced the inflation rate in Bulgaria for January
Monthly inflation for January 2024 is 0.5% and annual inflation is 3.8%, according to...
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