At the end of 2024, Bulgarians' wealth hit a record high of 1 trillion leva (€511.29 billion), which is five times higher than the gross domestic product. According to a study by the Expert Club on Economics and Politics, reported by BNR's Natalia Ganchovska, the average household has 350,000 levs (€178,952).
Seventy percent of what Bulgarians own is real estate. Just over one percent is in other forms of investment. The study also shows that 2024 was a record year for the number of real estate transactions, surpassing the previous record set in 2008.
A Bulgarian company is expanding its production of laser cutting machines in the Sofia-Bozhurishte Industrial Park, the Ministry of Economy announced. The investment is worth 2 million leva (over 1 million euros). The company will build a new..
The tariffs imposed on European goods by the Trump administration are expected to have both direct and indirect effects on Bulgarian exports. The Ministry of Economy and Industry has calculated the direct impact at €468 million, while..
The Celestial Empire, the “world’s factory”—that is China, the globe’s second-largest economy. The Asian powerhouse is actively expanding its economic reach worldwide, with the Belt and Road Initiative as the apogee of these efforts, through which..
In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget...
Partly Cloudy