The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore, the base interest rate does not have a direct impact on lending and deposit rates, which are mainly determined by the interest rates set by the European Central Bank. The BNB's interest rate concerns delayed debt repayment, primarily to the state or in inter-company relations under the Obligations and Contracts Act.
July 1 is the last day for declaring and paying corporate tax, taxes related to expenses, and taxes on the income of budget enterprises. Over 283,000 companies have already declared their revenues to the National Revenue Agency.
In 2024, the average gross annual salary in Bulgaria is 27,881 BGN (EUR 14,255), according to preliminary data from the National Statistical Institute. Compared to 2023, this marks an increase of 13.9% , with the public sector seeing an increase of..
The Bulgarian National Bank (BNB) has posted, to its website, the answers to important questions connected with the adoption of the euro and the country’s entry into the Eurozone. The official BGN to Euro exchange rate is fixed, with the Lev..
89% of German investors in Bulgaria would choose Bulgaria again for their investments . This is indicated by a study by the German-Bulgarian Chamber of Industry and Commerce conducted in 2024. Germany continues to be a key partner of Bulgaria in terms of..
sunshine, cloud, rain and thunder
Partly Cloudy
Mostly Cloudy
Partly cloudy, chance of rain