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Bulgaria’s Informal Economy: 34.6% In the Shadows

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





Bulgaria to ask for euro assessment by the end of February

Bulgaria to ask for euro assessment by the end of February

The announcement comes after probing the chances with the Eurogroup, which augurs positive reports and eurozone entry from 2026.



Bulgaria’s software sector grows 16.5% in 2023

Bulgaria’s software sector grows 16.5% in 2023

A further 12% rise in revenue is predicted for 2024, maintaining the industry’s share at 4.9% of GDP


Mortgage lending boosts Bulgarian banks’ 2024 profit to 3.7 bln levs

Mortgage lending boosts Bulgarian banks’ 2024 profit to 3.7 bln levs

DSK, Unicredit Bulbank lead the ranking with nearly a billion levs in profit each




Draft Budget 2025 Stuck in Limbo

Draft Budget 2025 Stuck in Limbo

For now, there is no parliamentary majority to advance the controversial draft budget of the caretaker cabinet to a vote.


The economy - more of the same, but somehow different

The economy - more of the same, but somehow different

Normalization of inflation to relatively low levels increases the country's chances of fulfilling the Maastricht criteria and entering the eurozone.




State bets on 2.8% economic growth and lower wage increases in 2025

State bets on 2.8% economic growth and lower wage increases in 2025

Public spending will underpin higher growth rates, private consumption will slow down



Bulgaria’s 2025 Budget: We Have a Problem

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



Payhawk doubles revenues, but also reports significant loss

Payhawk doubles revenues, but also reports significant loss

Revenues for 2023 have grown to 12.6 million euros, but the negative financial result swells to almost 35 million euro