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Economy

2023 will be a key year for Bulgaria in the preparations for the adoption of the euro

Bulgaria is entering a crucial year in the process of preparing the country for euro adoption. The deadline set in our plan for joining the euro area is 1 January 2024. Over the next 12 months, our country must, in addition to changing its legislation, prepare its banking system. What does...
Bulgaria’s public supplier "Bulgargaz" signs agreement for access to Turkish LNG terminals
Bulgaria’s public supplier "Bulgargaz" signs agreement for access to Turkish LNG terminals
Bulgaria’s public supplier "Bulgargaz” signed an agreement for a period of 13 years, through which it receives access to the terminals and the gas transmission network of the Turkish...
Kozloduy NPP signed an agreement for nuclear fuel supply
Kozloduy NPP signed an agreement for nuclear fuel supply
After signing a contract with Westinghouse earlier this month, Bulgaria’s Kozloduy nuclear power plant (NPP) on December 29 also signed an agreement with Framatom for the supply of nuclear...
“Bulgargaz” seeks nearly 28% higher gas price for January
“Bulgargaz” seeks nearly 28% higher gas price for January
The state-owned company "Bulgargaz" will ask for a 27.6% increase in the price of natural gas from January, the company said at an open meeting of the Energy and Water Regulatory Commission (EWRC)...
Minimum wage in Bulgaria will increase to 780 BGN as of January 1
The size of the minimum wage to become 780 BGN from January 1, 2023, Bulgaria’s caretaker government decided on December 29, at its last...
Experts predict housing market will cool down in 2023
Experts predict the housing market will cool down in 2023. The trend is already noticeable. House prices in Sofia are forecast to fall by 10%. The...
Minister of Social Policy proposes that the minimum wage in Bulgaria be raised to 780 BGN from 1 January
The Minister of Labour and Social Policy, Lazar Lazarov, will propose that the minimum wage in country be raised to 780 BGN (EUR 398) from 1...
180 million euros become available to Bulgarian businesses under Recovery and Resilience Facility
180 million euros become available to Bulgarian businesses after an agreement signed between the Ministry of Innovation and the European...
Electronic vignettes for cars will be 10% cheaper from January 1, 2023
Electronic vignettes for cars will be 10% cheaper from January 1, 2023
From 1 January 2023, new prices of vignettes and toll taxis will come into force in Bulgaria....
Bulgaria’s central bank withdraws the 20 lev banknotes, issue 2005 from circulation
Bulgaria’s central bank withdraws the 20 lev banknotes, issue 2005 from circulation
As of 1 February 2023, the Bulgarian National Bank is withdrawing banknotes with a face value of...
"Lukoil" transferred BGN 90 million in advance tax to Bulgaria
"Lukoil" transferred BGN 90 million in advance tax to Bulgaria
"Lukoil” transferred 90 million BGN of advance tax to Bulgaria, caretaker Deputy Prime...
Income and inflation: Basic foods in Bulgaria doubled in price over a year
Income and inflation: Basic foods in Bulgaria doubled in price over a year
Before the holidays in the country, the cost of the items that make up a...
Every second person in Bulgaria disapproves adoption of the euro, attitudes among businesses much more positive - polls
Every second person in Bulgaria disapproves adoption of the euro, attitudes among businesses much more positive - polls
Every second person in Bulgaria has a negative attitude towards the adoption of the euro....
9% VAT on books and baby products becomes a permanent measure
9% VAT on books and baby products becomes a permanent measure
The temporary measure of 9% reduced VAT on books, newspapers, magazines, baby nappies and food...
Zero VAT on bread and flour remains in effect until the end of 2023
Zero VAT on bread and flour remains in effect until the end of 2023
The temporary measure of 9% reduced VAT on books, newspapers, magazines, baby nappies and food...
Inflation down but food prices up in November
Inflation down but food prices up in November
Annual inflation rate in Bulgaria decreased for the second consecutive month. In November, 2022,...
Public supplier "Bulgargaz" proposed 40% increase in the price of natural gas for January
Public supplier "Bulgargaz" proposed 40% increase in the price of natural gas for January
"Bulgargaz” submitted to the Energy and Water Regulatory Commission (EWRC) an application...
Director of IMF’s European Department told BNT: The peak of price increase has not come yet
Director of IMF’s European Department told BNT: The peak of price increase has not come yet
In a special interview for the BNT “Govori sega” programme on December 10, the...
Conference on the euro: Bulgaria lags behind the euro zone entry process
Conference on the euro: Bulgaria lags behind the euro zone entry process
Bulgaria continues to lag behind the process for joining the euro zone by 2024. This became...
National Statistical Institute reports GDP growth of 3.3% for the third quarter of 2022
National Statistical Institute reports GDP growth of 3.3% for the third quarter of 2022
The National Statistical Institute reports gross domestic product growth of 3.3% for the third...
Russian oil imports: How will the exemption for Bulgaria affect the refinery in Bourgas?
Russian oil imports: How will the exemption for Bulgaria affect the refinery in Bourgas?
In addition to the price cap on Russian oil, the derogation that Bulgaria will use for the...
Greece-Bulgaria natural gas interconnector began supplying gas to Moldova
Greece-Bulgaria natural gas interconnector began supplying gas to Moldova
The transportation of the first quantities of gas to Moldova via the Greece-Bulgaria natural gas...
Bulgaria’s central bank announces super hike in base interest rate
Bulgaria’s central bank announces super hike in base interest rate
Bulgarian National Bank announced the increase of the Base Interest Rate (BIR) to 1.30% from 1...
Bulgaria’s utilities regulator approves 18,7% rise in natural gas price from December 1
Bulgaria’s utilities regulator approves 18,7% rise in natural gas price from December 1
Bulgaria’s Energy and Water Regulatory Commission (EWRC) increased the price of natural...
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