On Banker's Day, December 6, the governor of the Bulgarian National Bank (BNB), Dimitar Radev, congratulated all those working in the banks in the country. "The banking sector continues to be in a very strong condition and is a major factor in the..
The level of the formal economy in Bulgaria is rising at a pace that brings it closer to the European benchmark of 85%. According to a study by the Bulgarian Industrial Capital Association (BICA), the formal sector increased by 23% in the last 12..
The software industry is the most socially responsible business sector in Bulgaria. It brings taxes and insurances that are three times higher than the average for the country, drives consumption in the economy, is a major investor in changing the..
Infrastructure projects between Bulgaria and Romania are not progressing very rapidly due to the complex regulatory framework, but they are nevertheless moving forward. This was stated for Radio Bulgaria by Doru Dragomir - head of the Romania-Bulgaria..
GDP growth in Bulgaria will be 1.9% in 2023, slowing to half the 3.9% rate in 2022. Domestic demand and net exports will contribute to growth. Annual inflation will be 6.1 per cent. These are the expectations of analysts at the Bulgarian National Bank..
The international rating agency "Standard & Poor's" revised the outlook for Bulgaria's credit rating to positive from stable, confirming Bulgaria’s long-term and short-term credit rating in foreign and local currency at 'BBB/A-2'. the..
The government approved the draft budget of Bulgaria for 2024 and the updated budget forecast for the period 2024-2026. The draft law foresees a deficit of 3% and economic growth of 3.2% . Average annual inflation is expected to be 4.8 per cent and..
GERB and the Movement for Rights and Freedoms have presented conditions to Finance Minister Assen Vassilev and “We Continue Change – Democratic Bulgaria” coalition, after which they would support amendments to tax laws in the second..
Finance Minister Assen Vassilev is proposing to limit cash payments to BGN 5,000 (just over EUR 2.5,000), instead of the current BGN 10,000 (just over EUR 5,000) , in order to combat the shadow economy. However, his idea was not supported in Parliament,..
Sixteen major economic centres stand out in Bulgaria, covering a total of 132 municipalities. Nearly 80% of the country's economic activity is concentrated within them, indicate data of the latest study by the Institute for Market Economics. In 2018,..
The 39th national march "In the Footsteps of Tanyo Voivode's Detachment" began from the town of Tutrakan. The event is held under the auspices of..
76 years after his death, the remains of the first Bulgarian Tsar of the Third Bulgarian Tsardom, Ferdinand I, were returned to the..
The price of natural gas will rise by a bit over 8% in June, the chairman of the Energy and Water Regulatory Commission, Ivan Ivanov,..
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