Five major Bulgarian commercial banks are to go under the direct supervision of the European Central Bank as of October 1, 2020, BNR reports. This […]
Category: Business in Bulgaria
Bulgaria Is Highly Dependent On Lignite For Its Energy: Eurostat
Nine Member States in the European Union produce lignite, also called ‘brown coal’, for electricity and heat production, Eurostat data show. Germany is the main producer […]
Moderate Optimism About Bulgaria-Turkey Economic Relations Against Backdrop Of COVID-19 Crisis
The Covid-19 pandemic affected the entire world economy and millions of people lost their jobs. The crisis has led to contraction of consumption, cessation of […]
Bulgaria: EU Funds Have Led To Increased Wages, Business Investments, GDP Rise By 7.7%
EU funds have led to an increase in wages by 8.2% for the period 2014 to mid-2020. For the same period, the country’s GDP grew by […]
WHO: Tobacco Responsible For 20% Of Deaths From Coronary Heart Disease
Every year, 1.9 million people die from tobacco-induced heart disease, according to a new brief released today by the World Health Organization, World Heart Federation […]
Bulgarian Tourism Reports The Most Difficult Summer Season And Losses Of Nearly 80%
About 30% of those employed in the sector have lost their jobs “What we can say about the upcoming summer season is that it was […]
Nearly 70% Decrease in the Number of Foreigners Visiting Bulgaria in August
In August 2020, during the continuing epidemic situation in the country, the trips of Bulgarian citizens abroad were 470.9 thousand, or 37.7% below those registered […]
Two-Thirds Of Hotels In Bulgaria Empty In July, Turnover Down With 65%
In July 2020, during the ongoing epidemic situation in the country, there were 2,768 sites with more than 10 beds – hotels, motels, campsites, chalets and […]
Cyber Security Expert Richart Ruddie On Why Bulgaria Is A Growing Tech Hub For Outside Investors
Our world is becoming increasingly tech-reliant as organisations and individuals alike must pivot to functioning in the digital space. Consequently, issues like cyber-security are also […]
Unemployment In Bulgaria Fell To 7.5 Percent In August
Bulgaria: Unemployment in August is 2.2 percentage points above the one a year ago.At the end of August, the registered unemployed in the labor offices are 245,774, […]