Podcast in English

Public procurement for the expansion of gas pipeline from Greece to Romania announced

"Bulgartransgaz" has announced a public procurement for "Organizational planning, investment design, supply of necessary materials and equipment, construction and commissioning of new facilities for the expansion of the gas..

published on 3/20/24 11:18 AM
Jean-François Dauphin, head of the IMF mission

Bulgaria can become part of the Eurozone in 2025, says IMF's Jean-Francois Dauphin

The head of the regular mission of the International Monetary Fund in Bulgaria, Jean-Francois Dauphin, has presented the results of the review of the Bulgarian economy and financial system . The fund's mission began on March 6 and ends today...

published on 3/19/24 4:32 PM

Inflation slows, says NSI

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..

published on 3/14/24 1:50 PM

Preliminary NSI data put GDP growth at 1.8 per cent in 2023

Bulgaria's gross domestic product grew by 1.8 per cent to BGN 183.7 billion (EUR 93.9 billion) last year, according to preliminary data released by the National Statistical Institute. One person accounts for BGN 28 516 (EUR 14 580) of the total...

published on 3/8/24 1:30 PM

Sofia has the highest average wage in the country - 1,500 euro

The average salary in Bulgaria in the fourth quarter of last year was BGN 2,123 (EUR 1,085), an increase of 13% compared to the same period last year, according to the Ministry of Labour and Social Policy. The average wage is highest in Sofia - BGN..

published on 3/7/24 2:50 PM
Veselin Mitov

The closure of thermal power plants will make 120,000 people unemployed

120,000 people employed in coal-fired power plants are at risk of losing their jobs and are facing emigration, warn experts from the  Podkrepa  Confederation of Labour . Regarding the Green Deal, trade unionists exchanged experience with their..

published on 3/5/24 10:01 AM

Analysts warn of stagnation on the Bulgarian labor market

The state of the Bulgarian labor market at the end of 2023 points to a tendency towards stagnation. This is the conclusion of an analysis of the Institute for Market Economy.  As of mid-2021, the unemployment rate remains in the..

published on 3/2/24 10:51 AM

German automotive supplier to invest in Pleven plant 

The German company Kayser Automotive will invest in a production facility for components such as piping systems, valves and tank parts in Pleven, Bulgarian Property Developments (BPD) said. The amount of the investment was not disclosed. The factory..

published on 3/2/24 7:10 AM
Svetoslav Benchev, Bulgarian Oil and Gas Association

Fuel prices on the rise in Bulgaria

Retail fuel prices in Bulgaria rose by an average of 10 cents for diesel and 4 cents for petrol last month .  "The prices are fully justified. They are related to what is happening on the international oil markets," said Svetoslav Benchev of the..

published on 3/1/24 2:55 PM
Aerial view of the BNB building.

Government debt for 2023 was €2bn higher than in 2022

Bulgaria's public external debt at the end of 2023 was €10.888 billion, an increase of 22.7 per cent, or more than €2 billion, compared with the end of 2022. This is 11.6 per cent of GDP, the Bulgarian National Bank said. In December 2023, Bulgaria's..

published on 2/28/24 1:10 PM