The sums Bulgarians living abroad send back to their families in this country have dropped dramatically, according to Bulgarian National Bank data. The money transfers have gone down by 370 million euro over the first 6 months of the year due to the coronavirus pandemic.
636 million euro entered the country over the same period of last year, whereas this year this figure is 266 million.
According to Latchezar Bogdanov from the Institute for Market Economics this fact will affect Bulgaria’s economy. “For households who regularly receive money transfers this will be a serious blow to their incomes,” he commented for Nova TV. The economist predicts that, if the crisis in tourism continues, seasonal jobs will be lost. “The corona-crisis will catalyze serious reforms,” he says.
The Sofia City Court has postponed the extradition case of Igor Grechushkin, the owner of a cargo ship linked to the explosion at the port of Beirut in 2020, which claimed the lives of more than 200 people and injured thousands. The judges requested..
A conference entitled 'Prospects for the Integration of Refugees and Migrants into the Labour Market' is taking place in Sofia today. The event is organised by the Sofia Municipality as part of a project. It will bring together key experts,..
ATMs will be stocked with euros on the night of 1 January 2026, so that by morning everyone will be able to withdraw euro banknotes. Nikola Bakalov, CEO of one of Bulgaria’s leading banks and a member of the Management Board of the Association of Banks..
On Wednesday, minimum temperatures will range from 4 to 9°C across the country, reaching around 2°C in Sofia. The wind will ease and fog will settle in..
The amount of the average social security income for the country for September 2025 is 962.25 EUR and the amount of the average monthly social security..
Bulgaria’s Energy Minister, Zhecho Stankov, has reassured citizens and businesses that the country’s fuel supplies are sufficient to last for an extended..
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