Expectations of experts for 2023 are for a more balanced real estate market, the chairman of the National Real Estate Association, Dobromir Ganev, has told the BNR.
According to him, in recent years there has been an overlap of many factors that have led to a high interest in the housing market, as this is valid not only in Bulgaria. "In 2022, we saw house price indices reach a record high as they marked 15-16% growth in the second quarter compared to the same period of 2021. We expect a decline in growth, which will probably fall from 15% to 10% or below," Ganev said. According to him, there would be a decline in the number of deals, but this will only apply to some cities.
The European Commission has approved 70 projects across the EU , worth more than €600 million , to support alternative fuels and reduce vehicle pollution. Bulgaria is participating in two of these projects and will receive funding to install charging..
Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks an upgrade from the 2% growth rate estimated in the Commission’s spring outlook. The expected GDP..
Bulgaria has no additional conditions from the United States for the exception of the sanctions imposed on Lukoil to enter into force, Minister of Energy Zhecho Stankov told BNT. If necessary, the postponement of the sanctions against Lukoil can be..
The Speaker of the National Assembly has no right to rule unilaterally on a national referendum. This becomes clear from a decision of the Constitutional..
At a meeting in Berlin with Google’s Vice President for Government Affairs and Public Policy for Europe Annette Kroeber-Riel, Minister of E-Government..
On Wednesday, minimum temperatures will range from 5°C to 10°C across the country, reaching 12°C to 17°C in southern Bulgaria and around 8°C in Sofia. It..
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