BULGARIA WILL TRY TO INTRODUCE THE EURO ON JANUARY 1, 2025 The government adopted an update of the National Plan for the introduction of the euro in Bulgaria. The changes in the Plan were developed and approved by the Coordination Council for the preparation of Bulgaria for membership in the Eurozone, which is co-chaired by […]
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BULGARIA ANNUAL INFLATION DROPS TO TWO-YEAR LOW OF 5.8% IN OCTOBER Bulgaria’s annual consumer price index (CPI) recorded 5.8 per cent inflation in October 2023, down from 6.3 per cent a month earlier, the National Statistical Institute (NSI) said on November 15. It was the tenth consecutive month in which the year-on-year inflation figure recorded
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BULGARIA THRIVES AS HYATT’S LARGEST EASTERN EUROPEAN MARKET WITH 6 OPERATING PROPERTIES AND A 7TH ON THE HORIZON The seventh opening planned for 2025 reinforces Hyatt’s commitment to the market as the current largest hotel operator in BulgariaHyatt, one of the most experienced international operators in the region and Bulgaria’s largest hotel operator, is intensifying
IN 2022, BULGARIA’S EXPORTS ROSE 35.8%, IMPORTS 40.6% Y/Y In 2022, the goods exported from Bulgaria amounted to 92 917.8 million leva, 35.8 per cent more than in 2021, the National Statistical Institute (NSI) said on September 13, citing final data. In comparing monthly data for 2022 with the data for the corresponding month of
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BULGARIA REPORTS 0.4% ECONOMIC GROWTH IN Q2 2023 Bulgaria’s economy grew by 0.4 per cent in the second quarter of the year, according to preliminary data announced by the National Statistical Institute (NSI) on September 7, in line with NSI’s earlier forecast. Compared to the same period of 2022, Bulgaria’s economy grew by 1.9 per
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BULGARIA H1 2023 BUDGET SURPLUS AT 177.7M BGN Bulgaria’s Finance Ministry has recorded a consolidated Budget surplus of 117.7 million leva in the first half of the year, or 0.1 per cent of this year’s estimated gross domestic product, broadly in line with the ministry’s forecast of 0.2 billion leva issued last month. The figure
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SALES OF NEW CARS IN BULGARIA JUMP BY 15% FOR THE FIRST HALF OF 2023 The sales of new cars in Bulgaria jumped by 15% for the first six months of the year, according to the registration data of the “Road Police”. During the period, 20,675 cars and lightweight vehicles (categories M1 and N1) were bought. A year earlier, they were 17,506. Traffic
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