Bulgaria’s National Assembly tasked the government with speeding up the process of adopting the single European currency on January 1, 2024 and set the exchange rate at 1,95583 Leva for 1 Euro. The proposal was put forward by the largest Parliamentary group GERB/SDS. 157 MPs voted in favour, 28 MPs voted against and 23 MPs abstained.
The Parliament’s decision tasks the government and the Bulgarian National Bank with speeding up the consultations and negotiations with the European institutions and the euro area countries on Bulgaria's accession to the eurozone.
The Bulgarian Socialist Party and "Vazrazhdane" party expressed concerns that the euro might not be adopted at the current exchange rate, which was introduced by the Currency Board. However, the majority of MPs rejected these speculations during the discussions.
In 2024, 8.2% of people aged 18 or over who declared to be at work (either employed or self-employed) in the EU were at risk of poverty, according to data from Eurostat, cited by the BNR's Horizont channel. In Bulgaria, this share reached 11.8%. The..
The two largest trade unions in Bulgaria - the Confederation of Independent Trade Unions in Bulgaria and the Confederation of Trade Unions "Podkrepa" - are organizing a warning protest in front of the Council of Ministers building. It is planned for..
In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget. The measures include: reducing the municipal administration by merging municipalities;..
Foreign direct investment (FDI) in Bulgaria posted the largest net inflows from the Netherlands, Italy and Greece in the first half of 2025, the Bulgarian..
KBC Group expects the Bulgarian economy to grow slightly more next year in comparison to its previous forecasts, according to the..
The Bulgarian Stock Exchange (BSE) will participate in the event "EU-Chambers Business Chill with the Bulgarian Stock Exchange," according to a post by..
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