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Bulgarian economy losing steam

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

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

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



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

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

Bulgarian economy: the start of a slowdown

The main growth drivers reached an inflection point in Q1 2023



Revising the budget: everyone gets what they want

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

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

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?

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


Seven reasons why Bulgaria’s economic growth slowed down

Seven reasons why Bulgaria’s economic growth slowed down

The statistics office reported a surprisingly low 0.4% GDP growth rate in the third quarter of 2021


Where would the economy be without EU funds

Where would the economy be without EU funds

Bulgaria’s GDP was 16.7% higher last year, compared with 2013. Half of the increase is owed to money coming from the EU


The real estate market in Sofia shows first signs of recession

The real estate market in Sofia shows first signs of recession

Sales increased in 2019 but, on average, prices stagnated


A budget to appeal to everyone

A budget to appeal to everyone

There is enough room for maneuvering in case of an economic downturn but reforms are nowhere in sight


Bulgaria’s residential market calms after years of growth

Bulgaria’s residential market calms after years of growth

Prices have stopped growing, as supply and demand have started to equalize


Will Volkswagen Arrive in Kremikovtzi?

Will Volkswagen Arrive in Kremikovtzi?

Bulgaria has an unprecedented opportunity to attract a major car maker


Economic Disparity Between Regions in Bulgaria Remains High

Economic Disparity Between Regions in Bulgaria Remains High

A business revival is visible everywhere, but stronger regions pull ahead, while the weaker ones still lag behind


The one thing that frightens him

The one thing that frightens him

Prime Minister Boyko Borissov has a weak spot for protests - especially when they target him or touch on sensitive topics


А higher tax burden and a steep rise in public expenditure

А higher tax burden and a steep rise in public expenditure

The government is not using the good economic climate to balance the budget