Ruling majority passes a record budget for 2025 with Peevski’s backing

VAT registration threshold drops to 100,000 levs. The government plans to draw 18.9 billion levs of debt this year

Bulgaria's 2025 Budget Draft: Eurozone Aspirations vs. Fiscal Realities

Huge increases in projected expenditures face unclear sources of revenues.

Bulgaria’s 2025 Budget: We Have a Problem

Instead of voting for more populism-driven spending, parliament has to consider unpopular measures to tighten state finances

Day in 3 News: Vitosha factory site will be apartment complex; Labor market stagnates; End of year spending must be curbed for Eurozone goals

The day in 3 news: Minimum wage gets huge hike; BNB to curb mortgage lending; 100 million euro for rural areas

The day in 3 news: Political instability could endanger Eurozone entry; Salaries continue to grow despite uncertainty; Real-estate is king

Rising Wages, Lagging Productivity: The End of Bulgaria’s Cheap Labor Advantage

Income growth in Bulgaria outpaces labor productivity by far, signaling the end of the low-cost labor model

The week in news: Protests "for" and "against" anti-LGBTQ bill, Average salary closes 2,300 leva and three major corruption scandals

The day in 3 news: Second month with deflation MOM; Salaries grow 17% YOY; Youth unemployment shrinks

The day in 3 news: Probe into Vitosha lift shutdown; Police in Sofia swoop over vote buying; University staff protests

Bulgarian economy losing steam

GDP growth stands at 1.8% y/y in the second quarter, with consumption remaining the primary driver

Bulgaria's 2023 Budget: Salary Increases for Public Sector Workers

Following an 11-hour session, Parliament approved various new expenditures, focusing on salary hikes.

The week in news: Mass rallies after vicious assault on woman; the big deals of the week; Bank profits and a 0.5 billion budget surplus

Budget plan 2023: More VAT revenue, less capital spending to contain budget deficit at 3%

Finance Minister Assen Vassilev presented the framework of his plan for the state finances, which should be ready at the beginning of July

Bulgarian economy: the start of a slowdown

The main growth drivers reached an inflection point in Q1 2023

Energy minister Rossen Hristov: There is a political decision in Moscow preventing Gazprom to work with us

Revising the budget: everyone gets what they want

The first revision of this year’s budget has become a money grab amidst economic and political uncertainty

Blockchain tourists

The Bulgarian company LockTrip raised a 4.1 million dollars investment from Australian tourism giant Webjet

Five forecasts for Bulgaria’s housing market in 2022

Most expectations are for more of the same, but rising interest rates and soaring prices of construction materials might cool down the sector

18 steps to government: What did the parties decide after a week of negotiations?

Cabinet talks led by election winner We Continue the Change run smoother than the previous two attempts, but difficult steps still have to be taken