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Economy

"Vazrazhdane" demands the resignation of the Central Bank's governor

“Vazrazhdane” party has demanded the resignation of Bulgarian National Bank’s Governor, Dimitar Radev. They say he has started to implement the plan for the adoption of the euro. The party reminded that it has collected signatures for a referendum to preserve the Bulgarian...
"Vazrazhdane" demands the resignation of the Central Bank's governor
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 technical work on the adoption of the euro. It is being carried out according to schedule and within 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 past two years. At the same time, the European Commission raised its growth forecast for Bulgaria to...
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 2,394 and increases by 19.3% compared to the same quarter of 2022. In the structure of total...
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 for “Bulgarian Posts” company. The...
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 points to 1%, with 1.5% for Bulgaria, although it also...
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. In January 2023, the average gross wage was 1,863...
Country's fiscal reserve dwindles, parties in dispute over Budget 2023
The fiscal reserve is melting, the budget revenues are decreasing, caretaker Finance Minister Rositsa Velkova said during a hearing in the...
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...
Bulgarian National Bank takes measures to tighten lending
Bulgarian National Bank takes measures to tighten lending
The Bulgarian National Bank (BNB) adopted amendments to Ordinance No 21 on minimum required...
The amount of Azeri gas to Eastern and Central Europe will be increased by the end of the year
The amount of Azeri gas to Eastern and Central Europe will be increased by the end of the year
By the end of the year, the amount of natural gas from Azerbaijan to Eastern and Central Europe...
Bulgarian National Bank foresees accelerated increase in interest rates in the coming months
Bulgarian National Bank foresees accelerated increase in interest rates in the coming months
The process of rising interest rates in the country will accelerate in the coming months, the...
Bulgaria to sign memorandum on security of gas supplies from Azerbaijan
Bulgaria to sign memorandum on security of gas supplies from Azerbaijan
Bulgaria, Romania, Hungary and Slovakia sign a memorandum with Azerbaijan on security of natural...
Bulgaria's President meets with Nigeria's Minister of State for Industry, Trade and Investment
Bulgaria's President meets with Nigeria's Minister of State for Industry, Trade and Investment
President Rumen Radev met on April 24 with the Minister of State for Industry, Trade and...
Imports from Ukraine: Ban on more than 20 products in force from today
Imports from Ukraine: Ban on more than 20 products in force from today
As of today, April 24, the ban on the import of more than 20 food products from Ukraine to...
Bulgaria signs 10-year nuclear fuel supply contract with Canadian corporation
Bulgaria signs 10-year nuclear fuel supply contract with Canadian corporation
One of the largest nuclear fuel suppliers in the world, the Canadian corporation Cameco, has...
Bulgaria's central bank reports a decline in foreign direct investment
Bulgaria's central bank reports a decline in foreign direct investment
Direct investments for January-February decreased by 58% compared to the same period of the...
EC proposes further €100 million to help farmers in five countries affected by Ukranian grain imports, including Bulgaria
EC proposes further €100 million to help farmers in five countries affected by Ukranian grain imports, including Bulgaria
The European Commission proposed to provide an additional €100 million to help farmers in...
Bulgaria temporarily bans food imports from Ukraine as of April 24, transit corridors remain open
Bulgaria temporarily bans food imports from Ukraine as of April 24, transit corridors remain open
At a meeting on April 19, Bulgaria's Council of Ministers adopted a decision that temporarily...
Bulgaria prepares temporary ban on food imports from Ukraine except transit goods
Bulgaria prepares temporary ban on food imports from Ukraine except transit goods
The Council of Ministers will discuss tomorrow, April 19, a decision on a temporary ban on food...
Annual inflation for March is 14% compared to March 2022, national statistics
Annual inflation for March is 14% compared to March 2022, national statistics
Monthly inflation is 0.5% and annual inflation is 14.0%. Inflation is measured by the CPI, with...
IMF Managing Director Kristalina Georgieva warns against another Cold War
IMF Managing Director Kristalina Georgieva warns against another Cold War
International Monetary Fund Managing Director, Kristalina Georgieva, warned of the risk of a new...
Golden Easter eggs – why are they in Bulgaria sold for 50 cents, and in the UK – for 22?
Golden Easter eggs – why are they in Bulgaria sold for 50 cents, and in the UK – for 22?
Before Easter, instead of pondering the eternal question – “which came first –...
Is a four-day working week possible in Bulgaria?
Is a four-day working week possible in Bulgaria?
Is a four-day working week possible in Bulgaria? A small number of companies have tried working...
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