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Trade Unions: Cost of living for a family of three in Bulgaria is BGN 2,524 per month

The net monthly income needed for a person living alone and working is BGN 1,402, according to data of Confederation of Independent Trade Unions in Bulgaria (CITUB) for June 2023. BGN 2,524 is needed for a family of two working adults and a child under the age of 14. The income needed to...
Minister of Economy: Arms exports in 2022 up by 200%
Minister of Economy: Arms exports in 2022 up by 200%
"According to data from 2022, exports of specialised arms production have increased by 200%. This is about 1.6 - 1.7 billion euros or about 220% growth compared to 2020," Bulgaria’s Minister...
National statistics: Monthly inflation fell by 0.4%, annual inflation stands at 8.7%
National statistics: Monthly inflation fell by 0.4%, annual inflation stands at 8.7%
Monthly inflation for June was -0.4% and annual inflation was 8.7%, National Statistical Institute said on July 17. Inflation is measured by consumer price indices. In June 2023, the largest...
Electricity supplier “Electrohold” stops issuing paper bills after September 2023
Electricity supplier “Electrohold” stops issuing paper bills after September 2023
From September 2023, the subscribers of the electricity distribution company for Southwest Bulgaria will receive electronic elctricity bills instead of paper ones. The change is made to facilitate...
Bulgaria’s Parliament rejects holding referendum on retaining the lev as the only official currency until 2043
Bulgaria’s National Assembly on July 7, 2023, rejected a proposal to hold a referendum on retaining the lev as the country’s sole...
90% of fast loan firms in Bulgaria violate the rights of customers
90% of the fast loan companies in Bulgaria violate the rights of customers and mislead them with their promotional messages. What should...
Where do government, trade unions and employers differ on the draft state budget?
The National Council for Tripartite Cooperation ( which includes representatives of the trade unions, employers and the government) supported,...
Is it possible to adopt the euro as a parallel currency?
The European Central Bank reacted sparingly to the possibility Bulgaria to introduce the euro as a parallel currency before joining the euro area....
Prices of electricity up by 4.3% and of heating by 0.12% from July 1
Prices of electricity up by 4.3% and of heating by 0.12% from July 1
The Energy and Water Regulatory Commission (EWRC) set new prices for heating, hot water and...
Bulgaria is in talks for the introduction of the euro as a parallel currency
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...
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...
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...
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...
National Statistical Institute reports Gross Domestic Product growth
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...
National Statistics: Over 75% of people find it difficult to cover daily expenses
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...
Bulgaria's central bank: Foreign direct investment up by nearly 10%
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...
Profit of banks in Bulgaria increased by over 60% in a year
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...
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...
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