The country's GDP stands at 64% of the European average. Unlike Romania, we have not yet crossed the 70% threshold. What distinguishes Bulgaria from other countries in the region is that they have higher levels of investment, better rule of law, and..
Monthly inflation was 0.3 per cent in February, the National Statistical Institute (NSI) said. Bulgaria's annual consumer price index (CPI) recorded inflation of 3.3 per cent in February, down from 3.8 per cent in the previous month. It was the 14th..
On February 23-24, 2024, the informal meeting of the Economic and Financial Affairs Council (ECOFIN) takes place in Ghent, Belgium. At the meeting, ministers discuss the future of the European Investment Bank, as well as the development of capital..
A World Bank report on public finances in Bulgaria points out the need to improve VAT collection. It also states that greater efficiency is needed in public procurement, spending on education and helping the vulnerable groups...
The forecast for 2% growth of the economy is being preserved, Minister of Economy and Industry Bogdan Bogdanov said in Varna. It is expected that the level of investment interest in Bulgaria will also be kept. Of course, we take..
Bulgaria reports the highest growth of foreign direct investments (FDI) for the past 12 years. This is what Minister of Economy Bogdan Bogdanov said at a meeting with Christophe Debus, chief financial officer of the German company Flix and Petar Bankov,..
The economic situation in Bulgaria calmed down at the end of 2023 after the uncertainty during the year, caused by the political situation and the lack of a budget until the end of July. This is what Lachezar Bogdanov, Chief Economist at the Institute..
2024 has begun with many changes in the incomes of Bulgarian citizens. The minimum wage is now EUR 477.04, an increase of 19.6% or EUR 78.23 compared to last year. The minimum hourly wage is 2.85 EUR. The minimum selected monthly social security income..
Investments from the USA and Canada in Bulgaria are larger in size and effect than official statistics report. This is indicated by the second study of the Institute for Market Economy in the last 5 years. For a number of reasons, many global..
The software industry is the most socially responsible business sector in Bulgaria. It brings taxes and insurances that are three times higher than the average for the country, drives consumption in the economy, is a major investor in changing the..
