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Economy

National Statistics: State debt for 2022 is over BGN 37.85 billion, deficit is 2.9% of GDP

According to final data from the National Statistical Institute published on October 23, the General Government Institutional Sector reported in 2022 a deficit of 4 859 million BGN, or 2.9% of GDP. The deficit in the Central Government sub-sector amounted to 4 678 million BGN, or 2.8% of GDP....
National Statistics: State debt for 2022 is over BGN 37.85 billion, deficit is 2.9% of GDP
Derogation for the import of Russian oil for processing at Lukoil Neftohim Bourgas remains in place
Derogation for the import of Russian oil for processing at Lukoil Neftohim Bourgas remains in place
The derogation for Lukoil Neftohim Bourgas's work with Russian oil remains in place for now, but on the condition that the refinery pays 1.5 billion BGN in taxes and unpaid excess profits. This...
Used car prices in Bulgaria are increasing
Used car prices in Bulgaria are increasing
New increase in prices of used cars in Bulgaria. Due to the increasing difficulty of importing cars from abroad, most of the car dealerships are raising prices. The customers are mostly from...
EC has sent questions to Bulgargaz about the deal with the Turkish gas company Botas
EC has sent questions to Bulgargaz about the deal with the Turkish gas company Botas
The European Commission has sent questions to Bulgaria’s public supplier of natural gas,  “Bulgargaz”, in connection with the gas deal with the Turkish company Botas. This...
Westinghouse Electric signs MoU with five Bulgarian companies to build AP1000 at Kozloduy NPP
Westinghouse Electric has signed Memorandums of Understanding with key Bulgarian suppliers to support upcoming nuclear projects based on AP1000...
Cost of living for a family of three in Bulgaria is BGN 2,600 per month
The monthly income needed to support a family of three has increased by BGN 136 since the beginning of the year. In the last quarter it reached...
"Lukoil": We are not looking for a buyer for the refinery in Bourgas
"Lukoil” is not looking for a buyer for the refinery in Bourgas, the company-owner of the refinery, "Litasco”, said in response to...
Additional 27.5 million BGN allocated to support small and medium-sized farmers
By a decision of the Council of Ministers on 18 October, 27.5 million BGN will be allocated to support farmers. Thus, the funds for the sector...
Bulgaria sees new car registrations record
Bulgaria sees new car registrations record
Bulgaria set a record for the largest number of registered new cars in Europe. The European...
Bulgaria introduced a fee for transit of Russian gas through its territory
Bulgaria introduced a fee for transit of Russian gas through its territory
On October 16, Hungary and Serbia reacted sharply to Bulgaria's decision to raise the transit...
Beekeepers: Price of a jar of Bulgarian honey may reach record high of 22 BGN
Beekeepers: Price of a jar of Bulgarian honey may reach record high of 22 BGN
Record high price of Bulgarian honey this year. Because of the unsold produce and large...
Experts: The war between Israel and Hamas will not affect fuel prices in Bulgaria
Experts: The war between Israel and Hamas will not affect fuel prices in Bulgaria
The war between Israel and Hamas will not affect fuel prices in Bulgaria, Dimitar...
China will strengthen its economic partnership with Bulgaria
China will strengthen its economic partnership with Bulgaria
China intends to strengthen its economic partnership with Bulgaria and other Central and Eastern...
The Cabinet stops the construction of Belene Nuclear Power Plant
The Cabinet stops the construction of Belene Nuclear Power Plant
At its regular weekly meeting on October 11, the Council of Ministers adopted a decision that...
The Cabinet approved an increase in the minimum wage
The Cabinet approved an increase in the minimum wage
The Cabinet approved the new parameters of the minimum wage. From 1 January next year it becomes...
Bulgaria has requested from the EC a second payment under the Recovery Plan
Bulgaria has requested from the EC a second payment under the Recovery Plan
Bulgaria has asked the European Commission for a second payment of a €724 million grant...
Bulgaria's economy will slow down, according to World Bank report
Bulgaria's economy will slow down, according to World Bank report
After the strong growth in 2022, the Bulgarian economy will slow down, following trends in the...
Vice President Iotova describes as adventurous the decision for households to buy electricity from the free market as of 2026
Vice President Iotova describes as adventurous the decision for households to buy electricity from the free market as of 2026
Vice President, Iliana Iotova, described the decision for household consumers to buy electricity...
Household consumers enter the free electricity market in 2026, Parliament decides
Household consumers enter the free electricity market in 2026, Parliament decides
On January 1, 2026, household consumers will enter the free electricity market. This was...
Blockades by protesting energy workers and miners continue for seventh day
Blockades by protesting energy workers and miners continue for seventh day
Seventh day of blockades by protesting miners and energy workers on October 5. After the...
Dimitar Manolov: Blockades of "Trakia" motorway and Pass of the Republic remain, at this stage we are not negotiating with the government
Dimitar Manolov: Blockades of "Trakia" motorway and Pass of the Republic remain, at this stage we are not negotiating with the government
Trakia motorway and the Pass of the Republic remain blocked to traffic, and at this stage there...
Bulgarians continue to invest in properties as a hedge against inflation
Bulgarians continue to invest in properties as a hedge against inflation
Bulgarians continue to buy properties to protect their savings from inflation. The data of...
Sliven district heating company employees join the protests of miners and energy workers
Sliven district heating company employees join the protests of miners and energy workers
Workers from the district heating company in Sliven (Southestern Bulgaria) joined the protest of...
Pass of the Republic remains blocked, protesting miners and energy workers plan to stay overnight
Pass of the Republic remains blocked, protesting miners and energy workers plan to stay overnight
The Pass of the Republic remains blocked to traffic for the 10th hour of the protest of the...
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