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Iliya Prodanov

Farmers want to negotiate personally with Minister of Finance

We made the necessary compromises when we wrote the declaration with our demands, so we are not ready for more compromises, Iliya Prodanov, chairman of the Association of Grain Producers, said before entering the government building..

published on 2/4/24 5:46 PM

The majority of Bulgarians find it hard to make ends meet with less than EUR 500 a month

The cost of living for a three-member family increased by 78 euros year-on-year. A three-member family of two employed people and a child needed EUR 1,307 of net monthly income at the end of 2023. However, two-thirds of Bulgarians receive payments..

published on 2/1/24 3:03 PM

NSI: Business sentiment improves at the beginning of the year

In January 2024, the business sentiment in the country improved due to the improvement of the business climate across all observed sectors . In industry and construction, there are expectations for some price increases in the next three months, while..

published on 1/30/24 12:36 PM

Bulgarian Chamber of Shipping: Development of offshore wind farms should not be at the expense of fisheries

The development of offshore wind farms should not be at the expense of fisheries, the Bulgarian Chamber of Shipping (BMC) said in a press release. There is a need for refinement of the texts adopted at first reading to the Renewable Energy in..

published on 1/29/24 11:08 AM

Sofia - leader in terms of foreign investments, Devnya - per capita

By the end of 2022, the total value of accumulated foreign investments in Bulgaria reached 29.4 billion euros , which is approximately 1.3 billion more than in 2021. It is expected that almost half - 14.9 billion euros - of these investments are in..

published on 1/28/24 3:02 PM

Loan lending for households in Bulgaria might be tightened, says BNB governor

Lending loans to households may be tightened following an analysis of data for the first quarter of this year. This was stated by the Governor of the Bulgarian National Bank, Dimitar Radev, in an interview for the BNR. According to him, such measures..

published on 1/28/24 10:50 AM

Geopolitical uncertainty and reduced international demand are shrinking GDP

The real growth of the gross domestic product (GDP) in Bulgaria for 2023 will be 1.8% compared to 3.9% in 2022 . The growth is mainly determined by an increase in private consumption and positive net exports. The change in inventories has a significant..

published on 1/26/24 12:01 PM

Consumer loans in Bulgaria decrease, mortgage loans increase

In December 2023, Bulgarian households deposited EUR 1.15 billion. The total amount of savings reached EUR 40 billion. Bank deposits of businesses and households amount to more than EUR 63.5 billion. In December last year, people were saving instead..

published on 1/25/24 12:07 PM

Minister of Economy: Inflation in Bulgaria decreased to below 5%

Bulgaria expects a positive growth of the economy and of investments in 2024. GDP growth will exceed that of 2023, which is around 1.8%, and we expect it to approach 3%, Economy Minister Bogdan Bogdanov predicted in an interview for the Bulgarian..

published on 1/24/24 4:33 PM

Interest in electric cars in Bulgaria has been growing

Despite the high prices, and the, as yet, insufficient number of charging stations and the necessary infrastructure, electric cars have been growing more and more popular in Bulgaria, the website Investor BG writes. According to Investor BG..

published on 1/21/24 9:25 AM