The political crisis is not affecting the economy in the short term – within 1-2 years, says Assoc. Prof. Krassen Stanchev from the Institute for Market Economics.
“The political crisis is affecting those who are highly regulated – mostly big companies and the energy industry. We are talking about 10% of the population whose incomes are directly dependent on the changes of government,” Krassen Stanchev said. “The business climate outside these spheres, without any direct interference from the government and public procurement, is good. The economy is developing much better. The most interesting element from the latest data, including from a few days ago, regarding foreign investments is that in 2023 they were 11 times the investments made in 2014. If we take the individual foreign investments data, they account for 4% of the economy,” Krassen Stanchev says. In the period, from 2022 until 2023 the average salary has gone up by 17%, the steepest growth rate in the entire European Union.
The demand for employees increased by 5% in August, or by over 1,700 more offers compared to July, one of the largest HR companies in Bulgaria reported to BTA. But on an annual basis there is a decline of 7% , or by 3,100 offers. The "Trade..
In the second quarter of 2025, Bulgaria recorded the second-highest GDP annual growth in the European Union with a rise of 3.4% compared to the same period last year, according to Eurostat data. Compared to the previous quarter of 2025, Bulgaria..
Bulgaria’s state budget for 2025 does not add up. “The genie is out of the bottle – the state has never spent at such a pace,” warn financial experts. With only a few months left in the year, and despite the strenuous efforts of institutions such as the..
With the introduction of the euro on January 1, Bulgaria will benefit from the stability, liquidity and all the advantages of the common currency,..
+359 2 9336 661