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Economy

Bulgaria loses over BGN 1 billion a year due to non-admission to Schengen by land

Bulgaria’s economy suffers losses of hundreds of millions of euros every year from not being accepted into Schengen by land. The queues of lorries at the borders continue, and the country pays between 15% and 18% more for goods in the shops because of this alone. More than a billion BGN...
Bulgaria loses over BGN 1 billion a year due to non-admission to Schengen by land
Rail fares in Bulgaria set to rise by average 20%
Rail fares in Bulgaria set to rise by average 20%
The Bulgarian Railway company, BDZ, is changing the train fares. The increase in train tickets prices is linked to the company's significant increase in costs over the past few years. The...
National Statistical Institute reports the inflation in Bulgaria for March
National Statistical Institute reports the inflation in Bulgaria for March
National Statistical Institute (NSI) reports 3% annual inflation for March in Bulgaria. Monthly inflation is 0.2%. In March 2024, compared to the previous month, the largest price increases...
A historic building in downtown Sofia to become a hotel from the chain co-owned by Robert De Niro
A historic building in downtown Sofia to become a hotel from the chain co-owned by Robert De Niro
An American luxury hotel brand co-founded by actor Robert De Niro will open two hotels in Bulgaria. The company announced this on its website. The chain is developing two sites in Bulgaria. One...
More than half of Bulgarians expect the state to take measures against high inflation, according to Eurobarometer survey
In Bulgaria, 57% of citizens expect the state to take action against high living costs, according to a Eurobarometer survey presented on April 12...
Is Bulgaria suffering losses as a result of contract with the Turkish gas company Botas?
MPs insist on the renegotiation of the contract between the Bulgarian state-owned natural gas supplier Bulgargaz and Turkish energy company Botas....
"Sofia District Heating" files an application for 30% lower price of heating and hot water from July 1
"Sofia District Heating" has submitted its application for the new price of heat energy from 1 July 2024 to 30 June 2025, which is by 30% lower...
EWRC approved 2% increase in natural gas price in Bulgaria for April
Price of natural gas in Bulgaria increases by Bulgaria’s Energy and Water Regulatory Commission on April 1 approved the natural gas price...
Protesting miners and energy workers from "Maritsa East" complex blocked the exit to "Maritsa" motorway for an hour
Protesting miners and energy workers from "Maritsa East" complex blocked the exit to "Maritsa" motorway for an hour
A protest of energy workers and miners from the "Maritsa East" complex took place on March 29. A...
Sofia budget for 2024 has been adopted
Sofia budget for 2024 has been adopted
The Sofia City Council on March 28 adopted the budget of the capital for 2024. 45 councillors...
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...
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...
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...
Sofia Airport includes new destinations in its 2024 summer flight schedule
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...
Bulgaria will cooperate with the USA in construction of Units 7 and 8 of Kozloduy Nulcear Power Plant
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...
Bulgaria can join the euro area if it brings down inflation
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...
Miners and energy workers protest to preserve coal mining in the Maritsa Basin
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...
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...
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