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Average salary in Bulgaria reaches 1022.58 EUR

In the third quarter of 2023, the average salary for Bulgaria rose to BGN 2,000 (1022.58 euro). The increase on an annual basis is 14.7%, according to the data of the Ministry of Labour and Social Policy.  The highest average salary is in the..

published on 12/12/23 5:46 PM

Investments from the USA in Bulgaria are higher than official figures

Investments from the USA and Canada in Bulgaria are larger in size and effect than official statistics report. This is indicated by the second study of the Institute for Market Economy in the last 5 years.  For a number of reasons, many global..

published on 12/11/23 11:50 AM

IMF: Bulgaria should bring inflation to levels that meet the requirements for adopting the euro

I hope that the authorities in Bulgaria will manage to bring inflation in the country to levels that meet the requirements for adopting the euro, the Executive Director of the International Monetary Fund for Bulgaria, Paul Hilbers, said for BNT...

published on 12/10/23 10:48 AM
Minister of Economy Bogdan Bogdanov (C) with representatives of a Korean corporation in South Korea.

Korean technology giant interested in joint projects with Bulgaria

Minister of Economy and Industry Bogdan Bogdanov has discussed new areas of cooperation and implementing joint projects in Bulgaria with the Vice-President of a Korean technology giant, the Ministry of Economy and Industry said.  The company is a..

published on 12/9/23 4:51 PM

Bulgaria and Japan discuss new common economic priorities

The priorities for development between Bulgaria and Japan were discussed at a meeting in Tokyo by the Minister of Economy and Industry Bogdan Bogdanov and his Japanese counterpart Nishimura Yasutoshi.  Bogdanov emphasized that Bulgaria is becoming..

published on 12/6/23 11:58 AM
Dimitar Radev, governor of the Bulgarian National Bank

Bulgarian National Bank, commercial banks work to make Bulgaria ready for the euro

On Banker's Day, December 6, the governor of the Bulgarian National Bank (BNB), Dimitar Radev, congratulated all those working in the  banks in the country.  "The banking sector continues to be in a very strong condition and is a major factor in the..

published on 12/6/23 9:25 AM

It is a myth that Bulgaria has the largest grey economy in the EU

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..

published on 12/5/23 10:57 AM

IT sector in Bulgaria sees growth in employees, attracts specialists from abroad

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..

published on 12/4/23 1:55 PM

How do Bulgarian and Romanian businesses view bilateral relations

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..

published on 11/29/23 3:52 PM
Dimitar Radev

The BNB recommends a 10% buffer in the 2024 budget

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..

published on 11/28/23 2:26 PM