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IT sector attracts thousands but the market cherry picks the most motivated and experienced specialists

IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were being hired regardless of their expertise or practical skills, but now preference is given to people..

published on 7/5/24 1:44 PM

BNB sets base interest rate at 3.63% as of July 1

The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..

published on 7/1/24 8:52 AM

EC: Bulgaria still not meeting eurozone criteria

Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..

published on 6/26/24 1:51 PM

EU pays €65m for Bulgaria's electricity grid

Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement.  The money is part of a total of nearly €3 billion..

published on 6/24/24 2:16 PM

Bulgaria sinks in the 2024 World Competitiveness Ranking

Bulgaria ranks 58th out of 67 countries in the World Competitiveness Yearbook of the Institute for Management Development (IMD), Switzerland. The country has shown a lack of progress since 2021 and dropped 10 positions compared to 2020 and 20..

published on 6/19/24 9:19 AM

NSI: Bulgaria Records Second Consecutive Month of Deflation

According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for the..

published on 6/14/24 4:55 PM

Businesses expect the authorities to streamline the process of importing of foreign workers

The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..

updated on 6/14/24 12:03 PM

The World Bank lowers Bulgaria's GDP growth forecast by 0.3%

The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..

published on 6/12/24 10:48 AM
Dimitar Glavchev (L) and Jeyhun Bayramov (R)

Bulgaria is interested in joining as a co-shareholder in a green energy corridor from Azerbaijan to Europe

Bulgaria is interested in participating as a co-shareholder in the initiative to create a "green" corridor for the transmission of "green" energy produced in Azerbaijan to Europe, caretaker Premier Dimitar Glavchev said at a meeting in Berlin with the..

published on 6/11/24 5:26 PM

Bulgaria assumes new debt of 200 million euros

While ballots were being counted in Bulgaria and Europe after the parliamentary elections, on June 10 the Ministry of Finance sold government debt for nearly EUR 200 million. It was announced that bonds worth 100 million EUR would be..

published on 6/11/24 9:52 AM