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Economy

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 meeting for this year. Caretaker Deputy Prime Minister Lazar Lazarov explained that this increase amounts to about 9.9 percent compared to the current...
Minimum wage in Bulgaria will increase to 780 BGN as of January 1
Experts predict housing market will cool down in 2023
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 dynamics of prices and the decisions taken by...
Minister of Social Policy proposes that the minimum wage in Bulgaria be raised to 780 BGN from 1 January
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 January, 2023. This became clear during the meeting...
180 million euros become available to Bulgarian businesses under Recovery and Resilience Facility
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 Investment Bank. The money will be made available to...
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. The change has been adopted by Decree No 142 of 24...
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 BGN 20, 2005 issue, from circulation, as from...
"Lukoil" transferred BGN 90 million in advance tax to Bulgaria
"Lukoil” transferred 90 million BGN of advance tax to Bulgaria, caretaker Deputy Prime Minister Hristo Alexiev said on December 20. The...
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 traditional Christmas and New Year dinner is understandably...
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...
Operation Admiral: European Public Prosecutor's Office uncovers a massive €2.2 billion cross-border VAT fraud scheme
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...
National statisctical institute reports improvement of the business climate in Bulgaria
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...
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...
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