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 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..
Iranian-born Olympic taekwondo star Kimia Alizadeh brought a European title to Bulgaria in her first competition under the Bulgarian flag. The..
In “Bulgaria Today” on Monday, May 13, we bring you, first, the latest news from this country. Next on the show: What is the taste of Bulgaria -..
In the first quarter of 2024, the country’s real GDP growth is expected to accelerate, which is a prerequisite for similar annual dynamics, the..
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