Investments in Bulgaria saw a 23% increase for the first time since 2009 and reached EUR 1.6 billion, Bulgaria’s Minister of Economy Bojidar Loukarsky said during a National discussion entitled “Yes! To Bulgarian Economy”. According to Eurostat, in 2015 Bulgaria placed first in Central and Eastern Europe in terms of the foreign direct investment/gross domestic product ratio. 25% of the country’s GDP is formed by the industry, which means that Bulgaria’s economy has been developing and that the highly-proclaimed dependence of that country on EU funds is not a main engine of growth. Bulgaria has a huge potential to attract investments in sectors with high added value through encouragement measures under the Investment Promotion Act, mainly in sectors such as machine building, manufacture of car parts, IT and outsourcing, Minister Loukarsky noted.
The residential real estate market in Sofia in the second quarter of 2024 remains stable and active. Despite forecasts for a possible lull, the trends show a rise in prices and a significant increase in demand. This is shown by an analysis of one..
Sofia is the best city in Europe to retire to, according to a survey by the business solutions company Moneypenny, Forbes writes. The survey takes into account factors such as average cost of living, retirement savings needed, and a variety of..
The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..
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