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Black Friday in Bulgaria: Between a marketing ploy and customer benefit

The campaign for shopping at bargain prices, known as Black Friday, has been growing more and more popular in Bulgaria. By planning carefully and keeping abreast of the offers, consumers are able to purchase products at exceptional prices, say the..

published on 11/21/23 10:56 AM

Businesses optimistic about 2024, survey shows

More than 54% of companies are moderately optimistic about a better 2024. By comparison, a year earlier, 41% were optimistic about 2023. These are the results for Bulgaria of the Eurochambres Economic Survey 2024, conducted in partnership with the..

published on 11/20/23 4:35 PM

The European Commission predicts slowdown in Bulgaria's economic growth

Economic growth in Bulgaria is expected to slow down in 2023 , according to the autumn economic forecast of the European Commission. After the good performance in 2022, exports will shrink this year due to reduced external demand. The imports for..

published on 11/15/23 2:09 PM

NSI: Bulgaria's GDP grew by 1.7% in the third quarter

The country's gross domestic product growth slowed on an annual basis in the third quarter of 2023 , while the quarterly growth rate was maintained, data from the National Statistical Institute showed.  In the third quarter, GDP grew by 1.7%..

published on 11/14/23 3:50 PM

The average gross salary in Bulgaria reaches 1022.58 EUR

In the third quarter of 2023, the average gross monthly salary rose by 2.2% compared to the second quarter of 2023 and reached 1022.58 EUR. The economic activities with the largest rise were "Government" - 13.4%, "Education" -..

published on 11/13/23 1:35 PM

Bulgaria issues bonds to repay debt

Bulgaria has sold €2.3 billion in bonds on the foreign markets with repayment terms of 7.5 and 12.5 years, Minister of Finance Assen Vasilev has reported. "The emission was extremely successful. There was nearly 3 times more supply..

published on 11/7/23 10:56 AM

Preparations for adopting Budget 2024 have started

At an extraordinary meeting, the government has approved a package of laws that it sent to the National Assembly in relation to the adoption of the budget for 2024. Minister of Finance Assen Vassilev expects inflation to be..

published on 11/6/23 1:30 PM
BNB building

For third consecutive month BNB raises base rate

On 1 November, the Bulgarian National Bank is raising the base rate for the national currency – Lev – to 3.79 %. The base rate in October was 3.64%, and in September 3.53%.  Interest rates have been going up since the end of September 2022 when..

published on 11/1/23 8:33 AM

Producers are already selling the grain at lower prices

In recent months, wheat for bread has been exported from Bulgaria to the Far East and North Africa, announced Preslav Borisov from the management of the Bulgarian Farmers' Union. There are buyers in Thailand, Egypt, Jordan, and other countries...

published on 10/30/23 10:41 AM

Fitch has affirmed Bulgaria at 'BBB', outlook positive

Fitch Ratings has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a Positive Outlook. Bulgaria's ratings are supported by its strong external and public balance sheets versus 'BBB' peers and credible..

published on 10/28/23 2:11 PM