Bulgaria’s Informal Economy: 34.6% In the Shadows

More than half of the added value in sectors like hospitality, agriculture, and construction comes from undeclared income, according to a report by Kearney and Visa

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

Day in 3 news: Maximum social security income raised; Widespread distrust of last election’s tally; Restaurant reps oppose restoration of 20% VAT

Day in 3 news: Benefits freeze in draft budget; Bulgaria joins NATO troop exercise; Zhelyazkov takes part in Ukraine meeting

The biggest employers: strong wage growth, stagnant hiring

The ranking of the top 200 companies by staff for 2023 shows layoffs in the automotive, bicycle and call center sectors, while IT and supermarket chains keep hiring

The week: Schengen on the horizon

Good news, at last, The regional divide grows bigger, Bulgargaz is bankrupt

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

Germany's struggles reveal an uncomfortable truth about Bulgaria's economy

Structural problems affecting Bulgaria’s largest trading partner will affect local industries that fail to adapt and diversify their clients

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 Glavchev-2 cabinet - same same but different

Kalin Stoyanov is replaced by Atanas Ilkov as Minister of Interior before the 27 October vote, Ekaterina Zaharieva likely to become EU Commissioner

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

Irim: from a small workshop to a major furniture manufacturer

With a turnover of 100 million levs, the Ruse-based family company is one of the biggest in the sector and exports products to 15 countries

The week: The Bleak sea 🌊, Who's nominating the Bulgarian EU commissioner 🇧🇬💼, The train deal falls through 🚂❌

K Insights 26/07

More foreign workers are coming to Bulgaria but there are still many vacancies

Turks save seasonal employment, and Kyrgyz people are employed in hotels and restaurants, but this is not solving the personnel shortfall

Bulgaria Economic Trends: Wage Growth Slowing Down

Wage increases are expected to decelerate this year, ranging between 5% and 14%

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

The week: Lessons in change from Philadelphia, Dirty deeds done dirt cheap, Fibank is for sale

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The day in 3 news: GERB demands new elections; EU gives Bulgarian farmers 86 million euros; Average unemployment rate is 5.8%

The week: No country for the old

The young have made it through, The rotation is now a centrifuge, Bulgarian football goes for old

The week: Gooood morning Vietnam!

Back in Vietnam, We are not harassing Austria, Why is Sofia lonely