The direct losses for Bulgaria from the delayed full accession to the Schengen Area amount to EUR 424 million, caretaker Minister of Economy Petko Nikolov said. He quoted a report by the Economic Research Institute at the Bulgarian Academy of Sciences, commissioned by the Ministry of Economy.
At a discussion in Sofia on the priorities of the Hungarian presidency of the Council of the European Union and their repercussions on the Bulgarian political agenda, Minister Nikolov pointed out that the direct losses should be added to the lost profits of around EUR 275 million. Thus, the potential benefits from removing land border controls exceed EUR 680 million annually. Additionally, the accession to Schengen by land will reduce carbon emissions from traffic. "Transport connectivity will improve, trade and investment flows will increase and travel time and costs will decrease", summarized Minister Nikolov.
As of August 8, 2025, the mandatory indication of prices for all goods and services in Bulgaria in two currencies – in Bulgarian leva and in euros – has been in effect. This obligation will remain valid for traders for a period of one year – until..
As of January 1, 2026, the minimum monthly wage should be 1,213 BGN (EUR 620.2), up from the current 1,077 BGN (EUR 550.66), said Luboslav Kostov, Chief Economist at the Confederation of Independent Trade Unions in Bulgaria (CITUB), in an interview..
Inflation in the EU in July reached 2.4% on an annual basis , according to Eurostat data. Regarding Bulgaria, European statistics report an increase in inflation to 3.4% in July this year compared to the same month last year. According to this..
The annual growth of Bulgaria's gross domestic product will remain above 3% in the period 2025-2027 , according to a report by commercial credit insurer..
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