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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 clear during a conference on the topic, held on December 9. The main challenge for Bulgaria is the political instability, which prevents the adoption of all the necessary legislative amendments to meet...
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 quarter of 2022 compared to the third quarter of 2021. The increase from the second quarter of 2022...
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 import and processing of Russian oil delivered by sea comes into force today, December 5. But to what...
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 interconnector, IGB, started successfully today, December 1, the ICGB operator company said....
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 December 2022, after it was raised to 0.59% from 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 gas by 18.7% to BGN 146.09 per mWh, the regulator...
Operation Admiral: European Public Prosecutor's Office uncovers a massive €2.2 billion cross-border VAT fraud scheme
The European Public Prosecutor's Office has uncovered a large-scale VAT fraud scheme in all 22 countries participating in the institution,...
National statisctical institute reports improvement of the business climate in Bulgaria
In November 2022, the overall indicator of the business climate rose by 3.5 percentage points compared to the previous month, with growth in the...
Bulgaria's energy authority fined 6 energy companies for market manipulation
Bulgaria's energy authority fined 6 energy companies for market manipulation
Six electricity companies were fined by the Energy and Water Regulatory Commission, for a total...
Minister of Regional Development: The gas interconnector is about 90% complete
Minister of Regional Development: The gas interconnector is about 90% complete
The finishing works on the gas interconnector with Greece are probably 90% complete, Ivan...
Transport Minister: The ban on exports of Russian oil is only for pipeline oil, but not for deliveries by sea
Transport Minister: The ban on exports of Russian oil is only for pipeline oil, but not for deliveries by sea
Bulgaria’s caretaker Minister of Transport, Hristo Alexiev, on November 23 explained that...
"Lukoil" transfers its entire economic activity into Bulgaria
"Lukoil" transfers its entire economic activity into Bulgaria
"We have reached an agreement with the management of Lukoil to transfer their entire economic...
Ministry of Economy survey asks businesses if they are ready for the adoption of the euro
Ministry of Economy survey asks businesses if they are ready for the adoption of the euro
Bulgaria’s Ministry of Economy and Industry has released an anonymous survey to businesses...
Annual inflation declined by 1%, now stands at 17.6%
Annual inflation declined by 1%, now stands at 17.6%
Annual inflation in October declined by 1.1%, according to the National Statistical...
Bulgaria’s central bank governor Dimitar Radev: There are conditions for imbalances in the economy
Bulgaria’s central bank governor Dimitar Radev: There are conditions for imbalances in the economy
Bulgaria is facing serious imbalances in the economy because of different fiscal and monetary...
The state plans to collect BGN 72 million from excess profits of fuel companies
The state plans to collect BGN 72 million from excess profits of fuel companies
Next year, the state plans to collect 72 million BGN in excess profits from companies involved...
A serious spike in the prices of dairy products in Bulgaria
A serious spike in the prices of dairy products in Bulgaria
Serious spike in the prices of dairy products. In just 12 months, the price of cow’s milk...
Bulgaria’s energy regulator cuts natural gas price by 47%
Bulgaria’s energy regulator cuts natural gas price by 47%
Bulgaria’s Energy and Water Regulatory Commission approved a reduction in the price of...
Will prices stop rising and rate of inflation slow down?
Will prices stop rising and rate of inflation slow down?
Inflation will slow down in a month because energy resources will be cheaper, caretaker Minister...
All German companies doing business in Bulgaria would invest in Bulgaria again
All German companies doing business in Bulgaria would invest in Bulgaria again
100% of the German companies doing business in Bulgaria say they would invest in our country...
Bulgargaz proposes 45% cheaper natural gas for November, no increase in heating and electricity prices expected
Bulgargaz proposes 45% cheaper natural gas for November, no increase in heating and electricity prices expected
The price of natural gas in Bulgaria may drop by 45% in November, CEO of public supplier...
Cabinet approves strategy, action plan on Bulgaria's transition to circular economy
Cabinet approves strategy, action plan on Bulgaria's transition to circular economy
Council of Ministers on October 26 adopted a strategy and action plan for the transition to a...
Trade unions: Monthly living income for a family of three in Bulgaria is 2,376 BGN per month
Trade unions: Monthly living income for a family of three in Bulgaria is 2,376 BGN per month
BGN 2,376 per month is needed for a family of three in September 2022, according to the...
Tourism industry predicts 20% more expensive winter season
Tourism industry predicts 20% more expensive winter season
The tourism industry demanded another compensation from the state. This time because of the high...
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