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Economy

Tourism industry on Bulgaria's Northern Black Sea coast is ready to welcome the summer season

Caretaker Minister of Tourism, Evtim Miloshev, expects a sustainable tourist season on the Northern Black Sea coast. After a meeting with the industry, mayors of municipalities and relevant institutions in Varna, Minister Miloshev stressed that hoteliers in the region are more skeptical about...
Tourism industry on Bulgaria's Northern Black Sea coast is ready to welcome the summer season
Are interest rates on loans going down, and on deposits going up?
Are interest rates on loans going down, and on deposits going up?
Interest rates on loans will start to decline by the end of the year, while those on deposits will increase. This is what bankers predicted during a conference on April 25 organised by the...
New debt of BGN 200 million issued by the state - what will the money be used for?
New debt of BGN 200 million issued by the state - what will the money be used for?
The Ministry of Finance issued new three-year debt on the domestic capital market in the amount of BGN 200 million with an annual interest rate of 3%. This is happening for the first time in a...
Cost of living for a working adult in Bulgaria is BGN 1,454 per month
Cost of living for a working adult in Bulgaria is BGN 1,454 per month
BGN 1,454 is needed for 1 working person in Bulgaria to live normally, according to the data of the Confederation of Independent Trade Unions in Bulgaria (CITUB) for the last quarter. The...
Bulgaria's Parliament adopted a resolution assigning Minister of Energy to re-negotiate Bulgargaz-Botas agreement
At an extraordinary sitting on April 19, Bulgaria's Parliament voted to adopt a resolution assigning the Minister of Energy to re-negotiate the...
Bulgaria loses over BGN 1 billion a year due to non-admission to Schengen by land
Bulgaria’s economy suffers losses of hundreds of millions of euros every year from not being accepted into Schengen by land. The queues of...
Rail fares in Bulgaria set to rise by average 20%
The Bulgarian Railway company, BDZ, is changing the train fares. The increase in train tickets prices is linked to the company's significant...
National Statistical Institute reports the inflation in Bulgaria for March
National Statistical Institute (NSI) reports 3% annual inflation for March in Bulgaria. Monthly inflation is 0.2%. In March 2024, compared to...
A historic building in downtown Sofia to become a hotel from the chain co-owned by Robert De Niro
A historic building in downtown Sofia to become a hotel from the chain co-owned by Robert De Niro
An American luxury hotel brand co-founded by actor Robert De Niro will open two hotels in...
More than half of Bulgarians expect the state to take measures against high inflation, according to Eurobarometer survey
More than half of Bulgarians expect the state to take measures against high inflation, according to Eurobarometer survey
In Bulgaria, 57% of citizens expect the state to take action against high living costs,...
Is Bulgaria suffering losses as a result of contract with the Turkish gas company Botas?
Is Bulgaria suffering losses as a result of contract with the Turkish gas company Botas?
MPs insist on the renegotiation of the contract between the Bulgarian state-owned natural gas...
"Sofia District Heating" files an application for 30% lower price of heating and hot water from July 1
"Sofia District Heating" files an application for 30% lower price of heating and hot water from July 1
"Sofia District Heating" has submitted its application for the new price of heat energy from 1...
EWRC approved 2% increase in natural gas price in Bulgaria for April
EWRC approved 2% increase in natural gas price in Bulgaria for April
Price of natural gas in Bulgaria increases by Bulgaria’s Energy and Water Regulatory...
Protesting miners and energy workers from "Maritsa East" complex blocked the exit to "Maritsa" motorway for an hour
Protesting miners and energy workers from "Maritsa East" complex blocked the exit to "Maritsa" motorway for an hour
A protest of energy workers and miners from the "Maritsa East" complex took place on March 29. A...
Sofia budget for 2024 has been adopted
Sofia budget for 2024 has been adopted
The Sofia City Council on March 28 adopted the budget of the capital for 2024. 45 councillors...
Housing prices in Bulgaria increased by over 10% in fourth quarter of 2023
Housing prices in Bulgaria increased by over 10% in fourth quarter of 2023
The housing prices increased by 1.2% in the fourth quarter of 2023 compared to the previous...
European Commission approved €86.9 million in state aid to support Bulgarian farmers in the context of Russia's war against Ukraine.
European Commission approved €86.9 million in state aid to support Bulgarian farmers in the context of Russia's war against Ukraine.
The European Commission said on March 25 it has approved an approximately €86.9...
Eurozone countries welcome Bulgaria's progress towards adopting the euro
Eurozone countries welcome Bulgaria's progress towards adopting the euro
We welcome the progress achieved by Bulgaria on its way towards adopting the euro and encourage...
Sofia Airport includes new destinations in its 2024 summer flight schedule
Sofia Airport includes new destinations in its 2024 summer flight schedule
Sofia Airport includes new destinations such as Riga, Helsinki, Skiathos and Bristol in its...
Bulgaria will cooperate with the USA in construction of Units 7 and 8 of Kozloduy Nulcear Power Plant
Bulgaria will cooperate with the USA in construction of Units 7 and 8 of Kozloduy Nulcear Power Plant
The MPs on March 21 adopted at second reading the proposal for cooperation with the USA for the...
Bulgaria can join the euro area if it brings down inflation
Bulgaria can join the euro area if it brings down inflation
GERB-UDF leader, Boyko Borissov, warned Bulgarians to prepare for tax hikes. Outgoing Finance...
Miners and energy workers protest to preserve coal mining in the Maritsa Basin
Miners and energy workers protest to preserve coal mining in the Maritsa Basin
Miners and energy workers staged a protest on March 15 demanding the preservation of coal mining...
National Statistical Institute:Inflation in Bulgaria continues to slow
National Statistical Institute:Inflation in Bulgaria continues to slow
The National Statistical Institute (NSI) reports annual inflation rate for February at 3.3%....
"Bulgaria Air" will fly Sofia - Baku - Sofia route twice a week
"Bulgaria Air" will fly Sofia - Baku - Sofia route twice a week
The Cabinet appointed Bulgaria Air AD as the air carrier to operate the international air route...
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