The coronavirus pandemic has deepened economic disparities between Sofia and other Bulgarian regions. It has also resulted in higher unemployment in 2020.
According to the annual report of the Institute for Market Economics on the development of the Bulgarian regions, Sofia, Plovdiv, Varna and Burgas continue to attract 70% of the total investments. Sofia district, Gabrovo and Stara Zagora also manage to attract investments, yet at a smaller scale. Demographic processes remain the main impediment to growth. The population continues to decline. Except for Sofia and Kardzhali districts, in other Bulgarian regions the number of adults over 65 form one-third of the active population. Population growth has been marked in all municipalities in Kardzhali district.
Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits grew by EUR 1.35 billion or by 1.8%. The rise is mainly due to increased household deposits, the..
Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This was made clear at a meeting between the Minister of Economy and Industry, Mr. Petko Nikolov, and..
Housing loans in Bulgaria increased by 24.8% year-on-year, reaching BGN 22.3 billion (EUR 11.4 billion) by the end of June 2024, according to the BGNES news agency. Consumer loans also rose by 14% year-on-year compared to June 2023, reaching BGN..
Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This..
Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits..
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