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Bulgaria is in talks for the introduction of the euro as a parallel currency

Bulgaria is in talks with the European Commission (EC) and the European Central Bank (ECB) for the introduction of the euro as a parallel currency in the country, Finance Minister Assen Vassilev said on June 28. What does this mean? That until Bulgaria joins the euro area we will be able...
Bulgaria opens its largest solar power plant near Dupnitsa
Bulgaria opens its largest solar power plant near Dupnitsa
Bulgaria will only be able to support coal-fired power plants in Bulgaria for another year and a half. The country has not requested an extension of this deadline, MEP Tsvetelina Penkova said on...
Sofia hosts International Conference on Green Transition
Sofia hosts International Conference on Green Transition
The green transition means a complete transformation of society, but not at the expense of the people, President Rumen Radev said at the opening of the international conference on Green Transition...
Prices of electricity for households rise by 4-5% from 1 July
Prices of electricity for households rise by 4-5% from 1 July
Prices of electricity for households will rise by 4 - 5% from 1 July due to the inclusion of more expensive electricity from the Maritsa East 2 power plant in the mix, ordered by former energy...
National Statistical Institute reports Gross Domestic Product growth
In the first quarter of 2023, gross domestic product (GDP) grew by 2.3% compared to the first quarter of 2022 and by 0.5% compared to the fourth...
National Statistics: Over 75% of people find it difficult to cover daily expenses
A National Statistical Institute (NSI) survey shows that more than 75% of respondents had difficulties covering their daily expenses in the first...
Bulgaria's central bank: Foreign direct investment up by nearly 10%
Foreign direct investment grew by nearly 10%, Bulgarian National Bank (BNB) reported for the first quarter of 2023. Will the trend of the last...
Profit of banks in Bulgaria increased by over 60% in a year
The profit of the banking system in Bulgaria increased by 61.5% to BGN 1 billion in the first four months of the year in coparison with the same...
Bulgaria’s utilities regulator cuts natural gas price by 15.2% for June 2023
Bulgaria’s utilities regulator cuts natural gas price by 15.2% for June 2023
The Energy and Water Regulatory Commission approved the natural gas price for June at BGN...
BGN 70 m wastewater treatment plant starts operating in Plovdiv
BGN 70 m wastewater treatment plant starts operating in Plovdiv
The wastewater treatment plant in Bulgaria’s second largest city of Plovdiv has received...
Central Bank: Bulgaria is on the final stretch on the road to the Eurozone
Central Bank: Bulgaria is on the final stretch on the road to the Eurozone
Bulgaria is on the home straight on the road to the euro area, Iliya Lingorski from the...
Caretaker cabinet proposes to the Parliament to extend the 2022 budget
Caretaker cabinet proposes to the Parliament to extend the 2022 budget
The caretaker Government proposes to the National Assembly, on the basis of Art. 87, para. 1 of...
MoF financial survey: Interest rates on loans will continue to rise
MoF financial survey: Interest rates on loans will continue to rise
Financial intermediaries expect a slight improvement in the assessment of the current economic...
Ministry of Finance: If no new budget or extension after June 10, state can only spend as much as it collects
Ministry of Finance: If no new budget or extension after June 10, state can only spend as much as it collects
If there is no budget adopted for the year or a new extension of last year's budget after June...
Tax authorities included the socialist party in the list of largest debtors
Tax authorities included the socialist party in the list of largest debtors
The National Revenue Agency (NRA) has included the Bulgarian Socialist Party (BSP) in the list...
"Vazrazhdane" demands the resignation of the Central Bank's governor
"Vazrazhdane" demands the resignation of the Central Bank's governor
“Vazrazhdane” party has demanded the resignation of Bulgarian National Bank’s...
Bulgaria's central bank: Technical preparation on the adoption of the euro continues
Bulgaria's central bank: Technical preparation on the adoption of the euro continues
The Bulgarian National Bank (BNB) has no formal justification and has not suspended the...
Is the Bulgarian economy facing a recession?
Is the Bulgarian economy facing a recession?
Bulgaria's gross domestic product grows by 2% a year. This is the slowest annual growth for the...
NSI reports decline in inflation and GDP growth
NSI reports decline in inflation and GDP growth
The quarterly average total income per person in a household in the first quarter of 2023 is BGN...
EC approves EUR 26.5 mln in state aid for "Bulgarian Posts"
EC approves EUR 26.5 mln in state aid for "Bulgarian Posts"
The European Commission on May 16 announced that it has approved EUR 26.5 million in state aid...
EU spring 2023 forecast projects Bulgaria’s economic growth this year at 1.5%
EU spring 2023 forecast projects Bulgaria’s economic growth this year at 1.5%
The European Commission raised its forecast for euro zone growth in 2023 by 0.2 percentage...
Growth of the average wage by over 17% in one year reported by NSI
Growth of the average wage by over 17% in one year reported by NSI
The average gross monthly wage for March was 1,953 BGN, according to national statistics data....
Country's fiscal reserve dwindles, parties in dispute over Budget 2023
Country's fiscal reserve dwindles, parties in dispute over Budget 2023
The fiscal reserve is melting, the budget revenues are decreasing, caretaker Finance Minister...
MoF: Bulgaria prepares to adopt the euro on 1 January 2025 at the latest
MoF: Bulgaria prepares to adopt the euro on 1 January 2025 at the latest
Bulgaria is making efforts to be ready to adopt the euro no later than January 1, 2025. The...
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