Bulgarian National Bank (BNB) Governor Dimitar Radev has met with EU ambassadors and discussed the country's upcoming accession to the eurozone, the BNB announced. The meeting was held in Sofia at the invitation of Hungarian Ambassador Miklós Boros within the framework of the Hungarian Presidency of the EU. The current state and prospects for the Bulgarian economy, finances and preparations for Bulgaria's accession to the monetary union were discussed. The BNB Governor pointed out the need for political, institutional and fiscal consolidation as a key element of the current agenda.
Meanwhile, on December 3, the BNB launched the TIPS (Target Instant Payment Settlement) service in the country, which allows instant local and cross-border transactions in euros, the central bank's press center announced.
The Bulgarian National Bank (BNB) has revised upwards its expectations for Bulgarian economic growth in 2025 but lowered its GDP growth forecast for 2026, it transpired from the Bank's regular quarterly Macroeconomic Forecast. In its March..
Bulgaria’s debt for 2024 amounts to BGN 48.846 billion (EUR 24 billion), or 24.1% of the country’s GDP, preliminary data from the National Statistical Institute (NSI) show. In 2023, the country's debt was BGN 42.383 billion (EUR 20.8 billion), or..
A working individual living in a one-person household needs a net monthly income of 1,521 BNG (EUR 747) to cover basic needs. A three-member household needs 2,738 BGN (EUR 1,344). The income needed to cover minimum living costs increases by..
In 2025, Bulgarian tourism maintains sustainable growth despite global challenges. According to analysts, a record number of foreign..
The base interest rate in Bulgaria is decreasing to 1.91% as of July 1, announced the Bulgarian National Bank. The base interest rate is dropping by..
At the start of the harvest season, Yanislav Yanchev, the Deputy Minister of Agriculture , predicted that the wheat would be of good quality. The country..
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