With € 24 bn. in foreign exchange reserves, National Bank with new Eurozone ambitions

The financial system in Bulgaria is so distinct that there is no other like it in Europe. A so-called currency board is in place that curbs the powers of the Bulgarian National Bank (BNB) considerably, but also exercises a rigorous..

published on 1/21/17 7:05 AM

World Bank optimistic about Bulgaria's economy

In September 2016 the International Monetary Fund raised the outlook for Bulgaria's economic growth to 3% of the country's gross domestic product. Several days ago the World Bank did the same. It even showed higher optimism than the IMF and..

published on 1/19/17 11:14 AM

Bulgaria's EU membership gives serious growth opportunities to local business: Stamen Yanev

Bulgaria's economy benefited strongly from the country's accession to the European Union and its gross domestic product increased nearly threefold in the past ten years, Executive Director of InvestBulgaria Agency Stamen Yanev told Radio..

published on 1/18/17 11:13 AM

Greek scenario awaits Bulgaria if corruption model stays

Ten years after the start of its membership in the European Union Bulgaria remains the poorest country in it with a minimum monthly income of 235 euro. Why is Bulgaria lagging behind countries like Romania (€ 319), Lithuania (€ 360) and Estonia..

published on 1/17/17 12:56 PM

Change of government in Bulgaria does not stop Chinese investors' interest

Just days before the outgoing cabinet steps out of office, at a meeting with Prime Minister Boyko Borisov in Sofia, three major Chinese companies announced serious investment intentions in Bulgaria. Global online retailer Alibaba Group plans to..

published on 1/14/17 1:37 PM

2016 annual Bulgarian Stock Exchange awards for investment brokers

Yesterday the Bulgarian Stock Exchange awarded the best and most active licensed investment brokers having registered the highest results in 2016. That was the 16 th edition of the rankings that evaluate some 50 brokers which operate in..

published on 1/12/17 1:30 PM

Is record Bulgarian budget surplus superfluous?

Analysts, authorities, media and international financial and economic organizations keep saying that 2016 was a year of unprecedented economic achievements of Bulgaria. This applies to both macroeconomic and microeconomic indicators at the..

published on 1/5/17 1:38 PM

Sofia with record-high economic indicators and European look

The motto of Bulgaria’s capital Sofia is Ever Growing, Never Ageing. According to some of its citizens though, it is growing, yet living conditions have not improved and the city has not become more attractive. However, a short stroll across Sofia’s..

published on 12/28/16 10:58 AM

What follows after economic peak reached in 2016?

Bulgarian economy in 2016 has performed as a true champion – with 3 percent of GDP growth it placed second in the EU when this indicator is concerned. More than one billion euros more in comparison to the previous year went to the treasury,..

published on 12/27/16 1:11 PM

Increasing gap in separate regions’ economic development in Bulgaria

The gap in the economic development of the separate regions in Bulgaria has been increasing, the annual research of the Institute for Market Economics on the markets’ development shows. Both in the pre-2008 period of economic boom and over the..

published on 12/19/16 12:18 PM