Despite the measures imposed by the Bulgarian National Bank (BNB), housing lending in Bulgaria continues to rise rapidly. In November, commercial banks approved housing loans totaling 923 million leva, marking an increase […]
Category: Business in Bulgaria
Bulgaria’s Political Gridlock Ends With Zhelyazkov Cabinet Approval
The National Assembly has approved the new government in Bulgaria, led by Prime Minister Rosen Zhelyazkov, after a vote that resulted in 125 deputies supporting the cabinet and 114 […]
Borissov Denies Peevski Influence, Expresses Confidence In Zhelyazkov Government
Boyko Borissov expressed confidence in the longevity of the Zhelyazkov government, highlighting the inclusion of GERB’s top experts. Speaking after weeks of silence, Borissov reaffirmed his commitment to supporting the cabinet, […]
Bulgaria Faces Record Low Electricity Exports Amidst Slow Energy Sector Reforms
In 2024, Bulgaria’s electricity sector faced significant challenges, with a sharp decline in exports and a rise in domestic consumption. The country’s energy production decreased by 5% compared to the […]
Bulgaria Proposes Agreement To North Macedonia For Corridor 8 Railway Tunnel
Bulgaria has extended an offer to North Macedonia, presenting a draft agreement for the construction and operation of the Corridor 8 border railway tunnel. The document, sent by Bulgaria’s government, […]
Bulgaria’s State Debt Projected To Rise Significantly Through 2028
The Bulgarian Ministry of Finance has projected a significant increase in the state debt over the period from 2025 to 2028, estimating a rise of about 1.7 times. According […]
Bulgaria’s Employers Push For Continued Electricity Price Compensation In 2025
Employers’ organizations in Bulgaria are urging the government to extend the compensation program for high electricity prices into 2025. In a recent letter, they highlighted the sharp increase in electricity prices, with […]
Economic Impact of Schengen Membership: Bulgaria Stands to Gain Substantial Benefits
Bulgaria’s admission to the Schengen area could bring substantial financial benefits, amounting to an estimated 1.63 billion leva annually. This projection comes from a study conducted by […]
Bulgaria’s ‘Quiet Revolution’: 35 Years Since The End Of One-Party Rule
Thirty-five years have passed since the pivotal beginning of Bulgaria’s transition from a one-party system to democracy and a market economy. On November 10, 1989, […]
American Lawyer Warns Bulgaria Seen As Risky Investment Due To Corruption And Russian Ties
In the United States, Bulgaria is viewed as a risky investment destination due to its connections with Russian oligarchs and China, along with concerns over transparency that […]