The sharpest economic drop on record was expected to be followed by a quick recovery. The third quarter is not looking so good though.
Bulgaria weathered the first part of the pandemic unexpectedly well but then started failing
After unsuccessfully trying to shut down the lodging sharing service, the GERB-led coalition government imposes a small fee on apartment owners
The growth in activity and prices has noticeably slowed but there are no indications of a drop
In spite of its infrastructure woes and the lack of large new investments, Varna remains a point of interest and a city full of subdued energy. It’s time to release that energy and support it.
Government finance is set for a deficit in 2019 even though next year will likely be the last in the current positive economic cycle
The sudden flurry of conspicuous law enforcement activities is a two-pronged campaign
A tragic bus crash has become a catalyst for a cabinet reshuffle and a potential government crisis
Valeri Simeonov has proven himself as the most racy and controversial member of the third Borissov cabinet
The possibility of Bansko ski zone expansion into the Pirin National Park sparked nation-wide protests, international public scandals and inter-institutional bickering, revealing the degree to which the Bulgarians state is captured by private interests
The sector exports mostly to Poland, exports to Russia have dwindled to a trickle and now Bulgarian wineries are looking for markets outside Europe.
Germans form the largest group of visitors to resorts, while visitors from Russia decrease
The authorities need to start looking for new growth engines
The new coalition between GERB and the United Patriots offered very few pleasant surprises with appointments in top government positions