There has been a significant decline in production and sales, reads the annual survey of the Bulgarian Industrial Association regarding the business climate in 2023. The least affected are salaries, which in 2023 increase in 71% of the companies.
The numerous crises that have accumulated over the past 2-3 years have inevitably had an impact on the companies’ indicators, all of which marked drastic declines as compared to the pre-crisis 2019. Production and sales volumes, as well as foreign markets, are decreasing. Nevertheless, incomes are growing, the business says. 85% of respondents said they had offset inflation in their employees' incomes. 65% of them increased wages, 12% gave an annual bonus, 7% gave a quarterly bonus and 16% increased the amount given in the form of food vouchers.
Citizens should remain calm about the introduction of the euro in Bulgaria from January 1, 2026, as the Bulgarian National Bank and commercial banks are ready for all processes related to the currency conversion and distribution of euro banknotes. This..
Bulgaria’s Ministry of Finance has published the draft state budget in euros for 2026. The country’s GDP is projected to reach EUR 120.1 billion, with an economic growth rate of 2.7%. Planned revenues amount to EUR 51.436 billion, or 42.8% of GDP...
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..
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