Learn more interesting thing about the economy and business worldwide

Bulgaria’s H1 2022 exports up 41%, imports 45.2% higher y/y

Date10 Aug 2022

In the first half of 2022, the total value of all goods exported from Bulgaria amounted to 45.75 billion leva, about 41 per cent more...

Bulgaria’s GDP reached a Record 68 Billion Euros last year

Date08 Aug 2022

Bulgaria‘s gross domestic product last year reached a record 68 billion euros, growing by 3.6% with inflation of 3.3 percent. The data are from the...

Bulgaria is among the 3 Countries in the EU with the Lowest Debt to GDP

Date22 Jul 2022

Is the national debt growing or melting is a topic that, especially in the last year, has become a political baton. The rulers use it to make...

The Bulgarian industry reports another record in industrial production

Date08 Jul 2022

In May, the Bulgarian industry reported another record in industrial production – again the highest production index was reported since data has been available. It...

Bulgaria January-May 2022 Budget surplus at 605.1M BGN

Date01 Jul 2022

Bulgaria’s Finance Ministry has recorded a consolidated Budget surplus of 605.1 million leva in the first five months of the year, or 0.4 per cent...

4.3% unemployment in Bulgaria in May 2022

Date30 Jun 2022

Unemployment in Bulgaria in May 2022 was 4.3 per cent, unchanged from the previous month and down from 5.4 per cent in May 2021, according...

FDI in Bulgaria in January-April 2022 was 653.2M euro

Date17 Jun 2022

Foreign direct investment in Bulgaria in the first four months of the year stood at 653.2 million euro, the equivalent of 0.9 per cent of...

Increase in Exports from Bulgaria by over 27% up until April

Date13 Jun 2022

In the first four months of the year, Bulgaria‘s exports outside the European Union increased by 27.5% compared to the same period in 2021 and amounted to BGN 9.224 billion. Bulgaria‘s...

Bulgaria reports 0.8% economic growth in Q1 2022

Date09 Jun 2022

Bulgaria’s economy grew by 0.8 per cent in the first quarter of the year, according to preliminary data announced by the National Statistical Institute (NSI)...

FDI in Bulgaria in Q1 2022 was 1.06B EUR

Date18 May 2022

Foreign direct investment in Bulgaria in the first three months of the year stood at 1.06 billion euro, the equivalent of 1.4 per cent of...

Decline in Industrial Production in the EU in March but Increase in Bulgaria

Date13 May 2022

Industrial production in the Eurozone and across the EU contracted sharply in March as a result of the negative effects of the war in Ukraine, according to the latest Eurostat data....

Bulgaria Q1 2022 Budget surplus at 298 000 000 BGN

Date03 May 2022

Bulgaria’s Finance Ministry has recorded a consolidated Budget surplus of 298 million leva in the first quarter of the year, or 0.2 per cent of...

Bulgaria’s exports in first two months of 2022 up 31% y/y

Date13 Apr 2022

In January – February 2022, the total value of all goods exported from Bulgaria added up to 12.8 billion leva, 31 per cent more than...

Bulgaria January-February 2022 Budget surplus at 713.3M leva

Date05 Apr 2022

Bulgaria’s Finance Ministry has recorded a consolidated Budget surplus of 713.3 million leva in the first two months of the year, or 0.5 per cent...

Unemployment in Bulgaria in February 2022 was 5.6% down from 6% in February 2021

Date31 Mar 2022

Unemployment in Bulgaria in February 2022 was 5.6 per cent, down from six per cent in February 2021 and unchanged from January 2022, according to...

Bulgaria records 4.2% economic growth in 2021

Date08 Mar 2022

Bulgaria’s economy grew by 4.2 per cent last year, based on preliminary data, the country’s National Statistics Institute (NSI) said on March 8. In real...

Bulgaria records 937M leva Budget surplus in January 2022

Date02 Mar 2022

Bulgaria’s Finance Ministry has recorded a consolidated Budget surplus of 937 million leva in the first month of the year, or 0.7 per cent of...

Bulgarian economy grew by 1.0% in Q4 2021

Date16 Feb 2022

Bulgaria’s economy grew by one per cent in the fourth quarter of last year, the National Statistical Institute (NSI) said in a flash estimate on...

Record Growth of the Bulgarian Economy for 2021

Date14 Feb 2022

The new data from the National Statistical Institute (NSI) on several main economic indicators are extremely positive. From them, it can be concluded that the...

Business climate in Bulgaria improved in January 2022

Date28 Jan 2022

A regular monthly poll by the National Statistical Institute (NSI) has found that managers see the business climate in Bulgaria as having improved, the second...

Bulgaria’s exports in January – November 2021 up 23.3% y/y

Date13 Jan 2022

Bulgaria’s exports in January – November 2020 added up to about 50 billion leva, a decrease of 7.8 per cent compared with January – November...

Business climate in Bulgaria improved in December

Date30 Dec 2021

A regular monthly poll by the National Statistical Institute (NSI) has found that managers see the business climate in Bulgaria has improved in December, the...

Bulgaria’s exports in January – October 2021 raised with 23% y/y

Date14 Dec 2021

In January – October 2021, the total value of all goods exported from Bulgaria amounted to 55 803.6 million leva, 23 per cent more than...

Bulgaria reports 0.6% economic growth in Q3 2021

Date07 Dec 2021

Bulgaria’s economy grew by 0.6 per cent in the third quarter of the year, according to preliminary data announced by the National Statistical Institute (NSI)...

S&P Global raises Bulgaria’s 2021 economic growth forecast to 4%

Date30 Nov 2021

Bulgaria’s economy was expected to grow by “almost four per cent this year”, according to a forecast by credit ratings agency S&P Global Ratings, up...

Bulgarian economy grew by 0.9% in Q3 2021

Date17 Nov 2021

Bulgaria’s economy grew by 0.9 per cent in the third quarter of 2021, the National Statistical Institute (NSI) said in a flash estimate on November...

Bulgaria January-September 2021 Budget surplus at 1.07B BGN

Date02 Nov 2021

Bulgaria’s Finance Ministry has said that the consolidated Budget surplus for the first nine months of 2021 was 1.07 billion leva, in line with the...

Bulgaria’s exports in January – August 2021 up 22.4% y/y

Date12 Oct 2021

In January – August 2021, the total value of all goods exported from Bulgaria amounted to 43 941.4 million leva, an increase of 22.4 per...

Bulgaria January-August 2021 Budget surplus at 880.5M BGN

Date01 Oct 2021

Bulgaria’s Finance Ministry has said that the consolidated Budget surplus for the first eight months of 2021 was 880.5 million leva, falling short of the...

Bulgarian economy grew by 0.4% in in the second quarter of 2021

Date18 Aug 2021

Bulgaria’s economy grew by 0.4 per cent in the second quarter of 2021, the National Statistical Institute (NSI) said in a flash estimate on August...

Bulgaria in the first half of 2021 exports up 20.8%, imports 24.8% y/y

Date16 Aug 2021

The total value of all goods exported from Bulgaria in the first half of 2021 was 20.8 per cent higher than in the first half...

Bulgaria’s budget surplus for the first half of 2021 was118.2M BGN

Date02 Aug 2021

Bulgaria’s Finance Ministry has said that the consolidated Budget surplus for the first half of 2021 was 118.2 million leva, exceeding the ministry’s forecast of...

Why to choose Bulgaria for your company?

Date29 Jul 2021

The real question is: Why not Bulgaria? Bulgaria, a member of the European Union, is an economic attraction for many businesspersons around the globe and...

Fitch re-affirms Bulgaria’s ‘BBB’ credit rating, outlook remains positive

Date26 Jul 2021

Fitch Ratings has re-affirmed Bulgaria’s sovereign long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BBB’, maintaining a positive rating outlook. The credit ratings...

Bulgaria’s Total Exports Increase by 19%, Imports by 23%

Date14 Jul 2021

In the period January – May 2021, goods worth a total of BGN 26,355.3m were exported from Bulgaria, which is 19.4% more than in the...

Bulgaria and German firm sign memo on 140M euro investment in electric car plant

Date12 Jul 2021

On behalf of the Bulgarian government, caretaker Economy Minister Kiril Petkov signed a memorandum on July 10 with German-based startup Next.e.Go Mobile on an 140...

Bulgarian drones start transporting cargo for a German company across Europe

Date30 Jun 2021

Unmanned aerial vehicles with a range of up to 2,500 km, created by the Bulgarian company Dronamics , will start operating flights from 2022 for the German logistics...

The Most Powerful Supercomputer in Eastern Europe is in Bulgaria!

Date18 Jun 2021

The IT giant Atos said that is has fully delivered to Bulgaria’s Sofia Tech Park a super computer that is expected to be Eastern Europe’s most powerful such device. The...

Bulgaria reports 2.5% economic growth in Q1 2021

Date09 Jun 2021

Bulgaria’s economy grew by 2.5 per cent in the first quarter of the year, according to preliminary data announced by the National Statistical Institute (NSI)...

Eurostat: Unemployment in Bulgaria in April decreased

Date04 Jun 2021

Unemployment in Bulgaria in April 2021 was 4.7 per cent, down from 5.1 per cent a month earlier and from 5.9 per cent in April...

Bulgarian economy grew by 2.5% in Q1 2021

Date25 May 2021

Bulgaria’s economy grew by 2.5 per cent in the first quarter of 2021, the National Statistical Institute (NSI) said in a flash estimate on May...

Key Steps to Calculate Risk When Growing a Business

Date23 Apr 2021

Growing and scaling your business will involve taking risks. To increase your chances of success, make sure the risks you take are calculated. The key to...

How to develop a profitable business

Date26 Mar 2021

Entrepreneurs possess a special kind of grit. They reach higher, do more and expect rewards for their efforts. But one colossal blunder many budding entrepreneurs...

Bulgaria Has Positive Current and Capital Account for 2020

Date01 Mar 2021

Bulgaria‘s current and capital account showed a deficit of115.6 million euro in December 2020 against a deficit of 248.1 million euro in the same month...

Fitch re-affirms Bulgaria ‘BBB’ credit rating, raises outlook to ‘positive’

Date01 Mar 2021

Fitch Ratings has re-affirmed Bulgaria’s sovereign long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BBB’ and raised its rating outlook to positive. The...

EU winter economic forecast raises Bulgaria 2021 growth estimate to 2.7%

Date11 Feb 2021

The European Commission was more optimistic about Bulgaria’s economic growth expectations this year and in 2022, raising both target figures in its winter economic forecast,...

Unemployment in Bulgaria in December 2020 was 4.8% – Eurostat

Date03 Feb 2021

Unemployment in Bulgaria in December 2020 was 4.8 per cent, European Union statistics agency Eurostat said on February 1, citing seasonally-adjusted figures. This figure represented...

10 Reasons Deals Collapse

Date01 Feb 2021

Relationships Know what the seller wants out of the deal. That seems obvious, but sometimes what they want is not obvious even to themselves. You must...

Unemployment in Bulgaria was 4.9% in November 2020 – Eurostat

Date11 Jan 2021

Unemployment in Bulgaria in November 2020 was 4.9 per cent, European Union statistics agency Eurostat said on January 8, citing seasonally-adjusted totals. This figure represents...

Bulgarian economy to grow by 3.3% in 2021

Date06 Jan 2021

Bulgaria’s economy was set to grow by 3.3 per cent this year after the estimated 5.1 per cent drop suffered in 2020 as a result...

Europe Invests in Supercomputer System in Bulgaria

Date15 Dec 2020

The European High-Performance Computing Joint Undertaking, which pools European resources to buy and deploy world-class supercomputers and technologies, announced on December 14 the signature of a...

S&P Global re-affirms Bulgaria’s BBB credit rating, stable outlook

Date30 Nov 2020

S&P Global Ratings has re-affirmed its long- and short-term foreign and local currency sovereign credit ratings on Bulgaria at ‘BBB/A-2’, and kept a stable outlook,...

FDI in Bulgaria in January-September 2020 was 729.5M EUR

Date18 Nov 2020

Foreign direct investment in Bulgaria in the first nine months of the year stood at 729.5 million euro, the equivalent of 1.3 per cent of...

Bulgarian economy grew by 4.3% in Q3 2020

Date16 Nov 2020

Bulgaria’s economy grew by 4.3 per cent in the third quarter of 2020, the National Statistical Institute (NSI) said in a flash estimate on November...

German Festo to Build Third Plant in Sofia with an Investment of €40 Million

Date09 Nov 2020

The German Festo to invest 40 million euros in acquiring, designing, and building a new plant near Sofia. This will be the company’s third production facility in...

Bulgaria’s January-September 2020 Budget surplus at 871.4M BGN

Date02 Nov 2020

Bulgaria’s Finance Ministry said on October 30 that the consolidated Budget surplus for the first nine months of 2020 was 871.4 million leva, falling short...

78% in Bulgaria’s capital Sofia see it as good place to live

Date13 Oct 2020

Seventy-eight per cent of people in Bulgaria’s capital Sofia see it as a good place to live for people in general while 83 per cent...

Are You a Workaholic? How To Focus on Working Smart Instead of Hard

Date25 Sep 2020

Many entrepreneurs tend to be addicted to work, perhaps you are without really realizing it. It is important to recognize it first, and then work...

FDI in Bulgaria in January-July 2020 was 1.41B EUR

Date18 Sep 2020

Foreign direct investment in Bulgaria in the first seven months of 2020 stood at 1.41 billion euro, the equivalent of 2.5 per cent of the...

Bulgaria raises 2.5 billion euro with two long-term bond issues

Date18 Sep 2020

Bulgaria’s Finance Minister Kiril Ananiev said on September 16 that it has sold 2.5 billion euro in 10-year and 30-year eurobond issues on international markets,...

Bulgaria’s exports in January-July 2020 dropped 7.5% y/y

Date14 Sep 2020

The total value of all goods exported from Bulgaria in January to July 2020 was 7.5 per cent less than in the same period of...

3 Signs It’s Time for a Business Transformation

Date09 Sep 2020

In the business world, there are always opportunities for transformation and growth. As leaders develop both personally and professionally, they gradually learn to identify the...

Unemployment in Bulgaria in July 2020 was 4.4 %, the EU unemployment rate was 7.2 per cent

Date03 Sep 2020

Unemployment in Bulgaria in July 2020 was 4.4 per cent, unchanged from June, according to seasonally-adjusted figures published on September 1 by European Union statistics...

Poll: Business sentiment in Bulgaria improved fractionally in August 2020

Date31 Aug 2020

A regular monthly poll by Bulgaria’s National Statistical Institute (NS) has found that business sentiment in the country improved marginally in August 2020, compared with...

Fitch affirms Bulgaria ‘BBB’ credit rating

Date24 Aug 2020

Fitch Ratings has re-affirmed Bulgaria’s sovereign long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BBB’ with a stable outlook, but now expects gross...

Foreign Direct Investment in Bulgaria in H1 2020 was 263M EUR

Date17 Aug 2020

Foreign direct investment in Bulgaria in the first half of 2020 stood at 263 million euro, the equivalent of 0.5 per cent of the gross...

How to Keep Business Going and Growing During an Economic Downturn

Date11 Aug 2020

During uncertain economic times, and especially during an economic downturn, most companies focus their innovation efforts on cost-cutting, process efficiencies, and operations. And it makes sense; growth goes...

Bulgaria H1 2020 Budget surplus at 1.61B BGN

Date03 Aug 2020

Bulgaria’s Finance Ministry said on July 31 that the consolidated Budget surplus for the first half of 2020 was 1.61 billion leva, exceeding the ministry’s...

4 Coronavirus-Related Questions That Can Define the Future of Your Business

Date24 Jul 2020

Covid-19 temporarily changed the way businesses operate nationwide. But could these temporary changes lead to permanent shake-ups? So, here are some of the top questions...

Bulgaria accepted into ERM2 euro zone ‘waiting room’

Date14 Jul 2020

The European Central Bank (ECB) said on July 10 that Bulgaria and Croatia have been accepted to join the Exchange Rate Mechanism (ERM2), the euro...

The 9 Critical Stages of Building a Business

Date09 Jul 2020

1. You can’t sustain a business without positive cash flow. Even though profit may not be your driving motivation, you can’t sustain any business without generating...

First Sod of The Supercomputer made in Sofia. Bulgaria Becoming a Digital Hub in the Region

Date03 Jul 2020

“With its huge power, the supercomputer in Bulgaria will be able to make billions of operations, comparisons and conclusions within an hour. The heat generated by it will be...

How Can I Tell Whether My Business Ideas Are Good or Bad?

Date23 Jun 2020

With an estimated 100 million new businesses launched globally each year, the chances of coming up with an entirely unique business idea literally become slimmer by the second. However,...

Bulgaria reports 0.3% economic growth in Q1 2020

Date05 Jun 2020

Bulgaria’s economy grew by 0.3 per cent in the first quarter of the year, according to preliminary data announced by the National Statistical Institute (NSI)...

Bulgaria’s BBB credit rating, outlook revised to stable

Date02 Jun 2020

S&P Global Ratings has re-affirmed its long- and short-term foreign and local currency sovereign credit ratings on Bulgaria at ‘BBB/A-2’, but downgraded its outlook from...

Bulgaria January-April 2020 Budget surplus at 1.63B leva

Date01 Jun 2020

Bulgaria’s Finance Ministry said on May 29 that the consolidated Budget surplus for the first four months of 2020 was 1.63 billion leva, exceeding the...

Foreign Investments in Bulgaria Increased by 100 Million Euros in the First Quarter of 2020

Date20 May 2020

According to data of the Bulgarian National Bank, foreign investments in Bulgaria increased by 100 million euros in the first quarter of 2020 compared to the same...

Income of Bulgarians Increases by 12% for the First Quarter

Date19 May 2020

An increase in the income of Bulgarians of over 12% at the beginning of the year was reported by the National Statistical Institute. The average...

5 Ways to Pivot Your Business During a Crisis

Date15 May 2020

Entrepreneurs know that some of the best businesses come out of the worst times — because sometimes in our darkest moments, new ideas and innovations...

Why Now Is Still a Good Time to Start a Business

Date07 May 2020

To most people, this may not seem like a great time to start a new company, but that’s exactly why it is. If you follow...

Bulgaria Q1 2020 Budget surplus at 1.43B leva

Date01 May 2020

Bulgaria’s Finance Ministry said on April 30 that the consolidated Budget surplus for the first three months of 2020 was 1.43 billion leva, exceeding the...

5 Small Business Trends to Pay Attention to in 2020

Date27 Apr 2020

2020 hasn’t turned out like most companies expected, but these trends offer an opportunity to move the needle in the right direction. As an entrepreneur,...

4 Things Businesses Can Do During the Coronavirus Pandemic

Date21 Apr 2020

Every company is worried about what a post-coronavirus world will look like. But most can strengthen their chances of survival now. Hopefully, your employees are...

The changes covid-19 is forcing on to business

Date13 Apr 2020

Less globalisation, more tech Sometimes change is so vast and dislocating that it is hard to tell disaster from opportunity. In March Ocado, a British...

Bulgaria’s exports up 2.7% on annual basis in January – February 2020

Date10 Apr 2020

Bulgaria’s exports in January and February 2020 were 2.7 per cent higher than in the first two months of 2019, the National Statistical Institute (NSI)...

Coronavirus: your guide to winners and losers in the business world

Date10 Apr 2020

As we adjust to life with the coronavirus around us, our behaviours and habits are quickly changing. What will be the impact of these changes...

Unemployment in Bulgaria in February 2020 was 4.1%

Date01 Apr 2020

Unemployment in Bulgaria in February 2020 was 4.1 per cent, unchanged from January and down from 4.7 per cent in February 2019, European Union statistics...

How to Get Your Business Through the Coronavirus Crisis

Date30 Mar 2020

As the Coronavirus made its presence strongly felt in Europe as well, many business owners are worried about how this pandemic will affect their livelihood....

4 Tips To Reduce Risk for Small Businesses

Date24 Mar 2020

The high failure rate of small businesses is well-chronicled. However, there are ways to mitigate risks and maximize your chance at entrepreneurial success. Here are a...

Bulgaria’s exports to other EU countries rose 2.9% in 2019

Date12 Mar 2020

Bulgaria’s exports to other European Union countries rose by 2.9 per cent in 2019 compared with 2018, the National Statistical Institute (NSI) said on March...

Unemployment in Bulgaria in January 2020 was 4.1%

Date04 Mar 2020

Unemployment in Bulgaria in January 2020 was 4.1 per cent, down from 4.8 per cent in January 2019, European Union statistics agency Eurostat said on...

Bulgaria January 2020 Budget surplus at 878.6M leva

Date02 Mar 2020

Bulgaria’s Finance Ministry said on February 28 that the consolidated Budget surplus for the first month of 2020 was 878.6 million leva, or 0.7 per...

Unemployment Rate in Bulgaria Down by 0.6 Percentage Points in Q4 2019

Date24 Feb 2020

In the fourth quarter of 2019 there were 138.5 thousand unemployed persons, of whom 80.6 thousand (58.2%) men and 57.9 thousand (41.8%) women. The unemployment rate was 4.1%, 4.4% and 3.8%...

The 20 Richest Couples in the World

Date13 Feb 2020

20. Harrison Ford & Calista Flockhart – Combined Net Worth: $254 Million Despite the 22-year age gap that separates celebrity couple Harrison Ford and Calista...

Bulgaria’s exports in 2019 were 3.3% higher than in 2018

Date10 Feb 2020

The total value of all goods exported from Bulgaria in 2019 added up to 57 901.4 million leva, about 3.3 per cent higher than in...

What will the Adoption of the Euro Bring to Bulgaria?

Date31 Jan 2020

Bulgaria can not expect that by replacing the lev with the euro this will automatically lead to higher growth for the economy. In order to...

If You Can Honestly Answer ‘Yes’ to These 5 Questions, Your Emotional Intelligence Is Pretty High

Date28 Jan 2020

Whatever your age, however, it’s never too late to grasp the key behaviors of what has been called one of the most desired job skills...

Increase in the International Tourism Revenues in Bulgaria

Date21 Jan 2020

International tourism revenues in Bulgaria over the January-November 2019 period amount to EUR 3.6 billion, the Bulgarian National Bank has announced, BNR reported. Even though it was...

Bulgaria’s exports in January – November 2019 up 3.7%

Date13 Jan 2020

In January – November 2019, the total value of all the goods exported from Bulgaria amounted to 53 758.2 million leva, about 3.7 per cent...

Bulgarian economy to grow by 3% in 2020 – World Bank forecast

Date10 Jan 2020

Bulgaria’s economy was set to grow by three per cent in 2020, according to the latest World Bank’s Global Economic Prospects report, released on January...

Unemployment in Bulgaria in November 2019 was 3.7%

Date09 Jan 2020

Unemployment in Bulgaria in November 2019 was 3.7 per cent, down from 4.8 per cent in November 2018, according to seasonally-adjusted figures released on January...

12-Step Guide to Starting a Business

Date07 Jan 2020

There are no limits on who can become a great entrepreneur. You don’t necessarily need a college degree, a bunch of money in the bank...

Foreign Direct Investment in Bulgaria for January-October 2019 reached 953.3M EUR

Date22 Dec 2019

Foreign direct investment in Bulgaria in the first 10 months of the year stood at 953.3 million euro, the equivalent of 1.6 percent of the...

Bulgaria records 0.7% economic growth in Q3 2019

Date18 Nov 2019

Bulgaria’s economy posted 0.7 percent growth in the third quarter of the year, the National Statistical Institute (NSI) said, in a flash estimate on November...

EBRD raises forecast for economic growth in Bulgaria in 2019

Date10 Nov 2019

EBRD raises forecast for economic growth in Bulgaria in 2019 The European Bank for Reconstruction and Development (EBRD) has raised its forecast for economic growth...

Bulgaria had third-lowest tax to GDP ratio in the EU

Date01 Nov 2019

Bulgaria had the third-lowest tax-to-GDP ratio in the European Union in 2018, at 29.9 percent, according to the EU’s statistics agency Eurostat. The statistics agency...

Unemployment in Bulgaria in August 2019 was 4%

Date30 Sep 2019

Unemployment in Bulgaria in August 2019 was four percent, European Union statistics agency Eurostat said on September 30, citing seasonally-adjusted figures. The unemployment figure in...

Bulgaria – One of the Most Favourable Countries as a Cost of Living for Working Foreigners

Date12 Sep 2019

Bulgaria holds the first position in terms of cost of living, according to the foreigners who settled in the country. This became clear from the...

Bulgaria’s GDP Grew by 3.3%

Date11 Jul 2019

The projections for Bulgaria‘s economic growth in 2019 and 2020 remain unchanged – 3.3% and 3.4% respectively. Inflation will be 2.4% this year and 1.7% in...

Unemployment in Bulgaria in May 2019 was 4.5 per cent

Unemployment in Bulgaria 4.5% in May 2019

Date01 Jul 2019

Unemployment in Bulgaria in May 2019 was 4.5 per cent The rate is unchanged from April and down from 5.3 per cent in May 2018,...

Acronis Bulgaria Expands with BGN 1.2 Million Investments

Date27 Jun 2019

Acronis Bulgaria received an A-class investment certificate from Emil Karanikolov, Minister of Economy. The company will invest 1.2 million leva and will expand its activity...

House prices in Bulgaria rose 6.6% in 2018

Date19 Jun 2019

House prices in Bulgaria in 2018 were 6.6 per cent higher than in 2017, higher than the European Union average increase of 4.4 per cent...

Bulgaria reports 1.2% economic growth in Q1 2019

Date07 Jun 2019

Bulgaria’s economy grew by 1.2 per cent in the first quarter of the year. Bulgaria’s economy grew by 1.2 per cent in the first quarter...

Bulgaria January-April 2019 Budget surplus at 2.7B leva

Bulgaria January-April 2019 Budget surplus at 2.7B levs

Date04 Jun 2019

Bulgaria January-April 2019 Budget surplus at 2.7B levs Bulgaria’s Finance Ministry has said that the consolidated Budget surplus for the first four months of 2019...

Bulgaria Q1 2019 Budget surplus at 1.81B leva

Bulgaria Q1 2019 Budget surplus at 1.81B levs

Date25 Apr 2019

Bulgaria’s Finance Ministry has said that the consolidated Budget surplus for the first three months of 2019 was 1.81 billion levs

Bulgaria has highest percentage of women IT students in the EU – Eurostat

Date25 Apr 2019

Bulgaria has the highest percentage of female students of information and communication technology in the European Union, at 33 per cent, EU statistics agency Eurostat...

US IT Giant Opens Second Data Center in Sofia for $ 19 Million

Date19 Apr 2019

Equinix officially opened its second data centre in Bulgaria and the event was attended by US Ambassador to Bulgaria Eric Rubin. The investment amounts to...

Bilateral Trade Between Bulgaria and Georgia

Date10 Apr 2019

Bilateral Trade Between Bulgaria and Georgia Has Increased by 11.6% Per Year In recent years, economic ties between Bulgaria and Georgia have been growing intensively with relatively high levels...

Unemployment in Bulgaria was 4.7% in February 2019 – Eurostat

Date02 Apr 2019

Unemployment in Bulgaria was 4.7 per cent in February 2019, down from 5.4 per cent in February 2018 and unchanged from January, according to seasonally-adjusted...

Unemployment in Bulgaria 4.8% in January 2019

Date15 Mar 2019

Unemployment in Bulgaria in January 2019 was 4.8 per cent, unchanged from December 2018 and down from 5.6 per cent in January 2018, European Union...

Date11 Mar 2019

Καινοτομική και ταχέως αναπτυσσόμενη εταιρεία, προσφέρει ιατρική βοήθεια στο έδαφος της Βουλγαρίας. Εκτός από τους μόνιμους κατοίκους, οι υπηρεσίες μπορούν επίσης να χρησιμοποιηθούν και από...

Bulgaria is in the Top Ten of the EU on the Use of Green Energy in Transport

Date05 Mar 2019

Bulgaria is in the top ten of the EU on the share of energy from renewable sources used in transport, according to data from Eurostat’s...

Bulgaria Ranks 11th Among the Best Countries in the World

Date26 Feb 2019

Bulgaria ranked 11th in the Good Country Index, prepared by the team of independent British political consultant Simon Anholt, Manager.bg writes. For the purpose of the ranking,...

Automobile Giant Opens Sixth Plant in Bulgaria

Date15 Feb 2019

“Teklas Bulgaria” will build a sixth factory on the territory of Bulgaria. The company, which produces rubber compound and plastic products for the biggest automotive...

Unemployment in Bulgaria 5.2% in December 2018

Date01 Feb 2019

Unemployment in Bulgaria in December 2018 was 5.2 per cent, unchanged from November and down from 5.7 per cent in December 2017, according to seasonally-adjusted...

Bulgaria is the First in the EU to Grow Number of Jobs Related to Exports

Date04 Dec 2018

In Bulgaria, for the past 18 years, jobs directly or indirectly linked to the country’s exports have increased from 169,000 in 2000 to 697,000 last...

Bulgaria is the EU Country with the Largest Number of Women in the IT Sector

Date12 Nov 2018

Bulgaria is the EU Country with the Largest Number of Women in the IT Sector Bulgaria is the EU country with the largest number of...

Bulgaria is the most Competitive Economy in the Balkans

Date28 Oct 2018

Bulgaria remains 51th in the ranking of the World Economic Forum for 2018. According to the index, Bulgaria is the most competitive economy in the...

Bulgaria Earned 2BN Euro

Date08 Oct 2018

Bulgaria earned 2BN euro from foreign tourism in first seven months of 2018 – Tourism Minister Revenue from international tourism in Bulgaria in the first...

Bulgaria’s economy posted 0.8 per cent growth in the second quarter of the year, the National Statistical Institute (NSI) said in a flash estimate on August 14

Bulgaria records 0.8% economic growth in Q2 2018

Date14 Aug 2018

Bulgaria’s economy posted 0.8 per cent growth in the second quarter of the year, the National Statistical Institute (NSI) said in a flash estimate on...

Bulgaria’s exports in the first half of 2018 slightly up – statistics institute

Date11 Aug 2018

In the period January – June 2018 the value of all the goods exported from Bulgaria amounted to 25 569.4 million leva, an increase of...

Bulgaria H1 2018 Budget surplus at 1.71B leva

Date02 Aug 2018

Bulgaria’s Finance Ministry said that the consolidated Budget surplus for the first half of 2018 was 1.71 billion leva, or 1.6 per cent of this...

Bulgaria is taking the first step towards joining Euro zone

Bulgarian Cabinet approves ECB close co-operation application, first step towards joining euro zone

Date19 Jul 2018

Bulgaria’s government approved on July 18 the formal application for close co-operation with the European Central Bank (ECB), the first step towards joining the ERM...

Unemployment in Bulgaria hit another new low in May 2018

Unemployment in Bulgaria hits new low, 5% in May 2018

Date03 Jul 2018

Unemployment in Bulgaria hit another new low in May 2018, at five per cent, well below the EU average and down from 6.2 per cent...

Unemployment in Bulgaria was 5.2% in March 2018, again below EU average

Date04 May 2018

Unemployment in Bulgaria in March 2018 was 5.2 per cent, down from 5.3 per cent a month earlier and from 6.4 per cent in March...

It turns out we are the first in the EU by the number of women working in the IT sector, as well as the number of girls studying information technology,

Bulgaria is First in the EU by the Number of Women Working in the IT Sector

Date30 Apr 2018

It turns out we are the first in the EU by the number of women working in the IT sector, as well as the number...

Unemployment in Bulgaria in February 2018 was 5.3%, another record low

Date05 Apr 2018

Unemployment in Bulgaria in February 2018 was 5.3 per cent, another record low and down from 6.5 per cent in February 2017, European Union statistics...

Foreign Investment in Bulgaria For January Increased by 64.6%

Date23 Mar 2018

In January, foreign investment in Bulgaria increased by 64.6% to EUR 158.8 million, according to BNB data. Most of them, however, are in the form of debt...

Bulgaria’s exports in January 2018 up by 12.3%

Date14 Mar 2018

The total value of all goods exported from Bulgarian in January 2018 was 12.3 per cent higher than in January 2017, adding up to more...

Sofia Startup Expo 2018 will take Place for the First Time in Bulgaria

Date06 Mar 2018

The first Bulgarian exposition for startup innovative companies “Sofia Startup Expo 2018” (SSE) will take place in Sofia in March this year. Sofia Startup Expo 2018 is a trade show for...

More than 437 000 foreign tourists visited Bulgaria in January 2018

437 000 foreign tourists in January 2018, 19% increase

Date01 Mar 2018

More than 437 000 foreign tourists visited Bulgaria in January 2018, an increase of 19 per cent compared with January 2017, the Tourism Ministry said...

Gross Domestic Product (GDP) expanded with 3.6% in the fourth quarter of 2017 compared to the same quarter of the previous year and with 0.8% compared to the third quarter of 2017 according to the seasonally adjusted data made by NSI.

Bulgaria’s GDP Increases by 3.6% Per Year

Date19 Feb 2018

Gross Domestic Product expanded with 3.6% in the fourth quarter of 2017 compared to the same quarter of the previous year and with 0.8% compared...

Year of records and positive prospects for Bulgaria

Date05 Feb 2018

Office The Bulgarian office market registered a record breaking year in terms of a leasing activity, supported by strong GDP growth and solid economic fundamentals....

Unemployment in Bulgarian in December 2017 was 6.1 per cent

Unemployment in Bulgaria was 6.1% in December 2017, below EU average

Date02 Feb 2018

Unemployment in Bulgarian in December 2017 was 6.1 per cent, down from 6.7 per cent in December 2016. This is again below the average for...

Bulgaria January-November 2017 Budget surplus at 2.39B leva

Date02 Jan 2018

Bulgaria’s Finance Ministry said on December 29 that the consolidated Budget surplus for the first 11 months of 2017 was 2.39 billion leva, or 2.4...

EUR 60 million is the Estimated Value of the Pipeline for the New Gas Connection with Greece

Date12 Dec 2017

ICGB, the project company for the new gas connection with Greece, has published a public procurement contract for the project pipelines. The estimated value is EUR 60 million (excluding...

Fitch, S&P Global Ratings raise credit ratings for Bulgaria

Date04 Dec 2017

Fitch Ratings has upgraded Bulgaria’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘BBB’ from ‘BBB-‘. The outlooks are stable, the ratings agency said...

Bulgaria’s economy posted 0.9 per cent growth in the third quarter of the year, the National Statistical Institute (NSI) said in a flash estimate on November 14.

Bulgaria records 0.9% economic growth in Q3 2017 – flash estimate

Date22 Nov 2017

Bulgaria’s economy posted 0.9 per cent growth in the third quarter of the year, the National Statistical Institute (NSI) said in a flash estimate on...

Tourism in Bulgaria: New numbers answer Sofia’s hopes

Date13 Nov 2017

The numbers are in. Yes, they are all the time. But the most recent bunch of numbers the Ministry of Tourism compiled are definitely positive....

The EU is Preparing a Black List of Places Known as “Tax Havens”

Date09 Nov 2017

A black list of tax havens will be available by the end of the year at the request of the EU. Its creation was provoked by the scandalous revelations...

Bulgaria is a leading outsourcing destination in Europe and the world, positioning itself among the top 10 most desirable countries on a global level.

Outsourcing Industry in Bulgaria with Two-digit Growth

Date24 Oct 2017

For the seventh consecutive year, the outsourcing industry has double-digit growth and now accounts for 3.6% of Bulgaria‘s GDP. This is stated in the Report on the Bulgarian Outsourcing Industry 2017, prepared...

Call centres in Sofia provide support for online gamblers all over the globe, by telephone, chat, video conference or e-mail.

Sofia, Bulgaria: Eastern Europe’s sexy gaming and gambling capital

Date18 Oct 2017

There is a European city which is turning from an insider tip into a popular tourist destination, thanks to low cost airlines. They made it...

Bulgaria is first in the European Union in the number of passengers who travelled with a plane for 2016.

Bulgaria is the First in the EU in the Growth of Air Travel

Date13 Oct 2017

Bulgaria is first in the European Union in the number of passengers who travelled with a plane for 2016. This is the data of the...

Exports to non-EU Countries in the January-August Period Jumped by Nearly 17%

Date12 Oct 2017

Between January and August 2017, Bulgaria‘s exports to non-EU countries increased by almost 17% (16.8%) compared to the same period of the previous 2016. Thus, our export to this group...

New Investments of BGN 350 million in the Automotive Sector in Bulgaria

Date11 Oct 2017

New investments of BGN 350 million could be made in the production of car parts in Bulgaria. This was announced by the Deputy Minister of Economy Lachezar...

Representatives of SINO - CEEF capital, part of the world's largest bank, the Chinese ICBC, will be visiting Bulgaria to explore projects with investment potential.

The Largest Bank in the World will Explore Investment Projects in Bulgaria

Date09 Oct 2017

Representatives of SINO – CEEF capital, part of the world’s largest bank, the Chinese ICBC, will be visiting Bulgaria to explore projects with investment potential. This is reported by the press center of...

The process of VAT registration is governed by the Value Added Tax Law (VAT Law) and its implementing rules.

VAT registration in Bulgaria

Date02 Oct 2017

The process of VAT registration is governed by the Value Added Tax Law (VAT Law) and its implementing rules. According to the VAT Law, the...

Sofia is ranked third in Europe by the growth of foreign visitors for the period 2009-2016

Sofia is in Third Place in Europe in Growth of Foreign Visitors

Date28 Sep 2017

Sofia is ranked third in Europe by the growth of foreign visitors for the period 2009-2016, according to the results of the Mastercard Global Visitors’ Global Index, reports...

The Saint Sofia project, a huge, high-tech entertainment, retail, hotel and office complex funded by Chinese money, is expected to be built near Bulgaria’s capital over a three-year period.

Bulgaria Backs New Chinese ‘Smart City’ Near Sofia

Date27 Sep 2017

The Saint Sofia project, a huge, high-tech entertainment, retail, hotel and office complex funded by Chinese money, is expected to be built near Bulgaria’s capital over...

RyanAir to Add 10 Destinations, Invest $100mln in Bulgarian Airport

Date26 Sep 2017

RyanAir announced an investment of $100mln in a brand new Bulgarian airbase. According to SeeNews, the Irish low-cost airline will open its operation in Burgas and will...

Bulgarian President Rumen Radev Calles for More Investments by USA and Israel in Bulgaria

Date25 Sep 2017

At a meeting in New York with representatives of leading Jewish organizations from USA, Bulgarian President Rumen Radev called for more investments by USA and Israel in Bulgaria in the sphere...

Bulgaria’s Central Bank Published Handbook on Financial Products and Services

Date20 Sep 2017

The Bulgarian National Bank has published an updated “Information on Financial Products and Services” handbook on its website, reported the Bulgarian National Television. The handbook...

Increase of Total Business Climate Indicator in Bulgaria For August Compared to July

Date29 Aug 2017

In August 2017, the total business climate indicator increases by 0.5 percentage points compared to the previous month as a result of the improved business climate in retailtrade and service sector,...

Ѕtatistics Show Growth in GDP and Final Consuption

Date17 Aug 2017

Gross Domestic Product (GDP) expanded with 3.6% in the second quarter of 2017. The Eurostat Handbook on quarterly National Accounts defines the flash estimates as:...

Bulgarian Exports to 3rd Countries Increased by 25.4% in the Period January-June 2017

Date11 Aug 2017

In the period January – June 2017 Bulgarian exports to third countries increased by 25.4% in comparison with the corresponding period of the previous year. Main trade partners of...

Here’s all the money in the world, in one chart

Date07 Aug 2017

There is $1.2 quadrillion invested in derivatives alone. Ever wonder how much money there is in the world? The answer is complicated, which you might...

Bulgaria Expects a Busy Summer

Date24 Jul 2017

In the Bulgarian resort Sunny Beach, tourism is booming. Because of the risk of terrorism in travel destinations such as Turkey and Egypt, Bulgaria has established itself as...

Absolute record for Bulgarian exports in 2016

Date21 Jul 2017

The Bulgarian exports in 2016, measured in euro, marked an absolute record of 23.6 billion euros, the Bulgarian Industrial Association reported. Compared to the base...

Almost as Many Greeks Come to Bulgaria as Bulgarians Visit Greece

Date20 Jul 2017

Minister of Tourism: ‘Almost as Many Greeks Come to Bulgaria as Bulgarians Visit Greece’ ”According to official data, almost as many Greeks come to Bulgaria...

The Prime Minister Boyko Borisov wants a direct pipe from “Turkish stream” to Bulgaria

Date19 Jul 2017

The Prime Minister Boyko Borisov is categorical that he will sign the Road map for delivery of 15.7 billion cubic meters of gas from the...

NSI: Exports to Third Countries Grow 26% YoY in Jan-May 2017

Date12 Jul 2017

In the period January – May 2017 Bulgarian exports to third countries increased by 26.0% This statistic was published by the National Statistical Institute and...

Bulgaria and Greece to Build Multimodal Freight Corridor Between Black Sea, Aegen Sea and Dunabe

Date07 Jul 2017

Bulgarian Minister of Transport, Information Technology and Communications Ivaylo Moskovski and Greek Minister for Infrastructure, Transport and Networks Christos Spirtzis have agreed to extend the...

Ministry of Economy Prepares Measures to Ease Administrative Burden on Business

Date19 Jun 2017

”Measures to ease the administrative burden on businesses are being prepared by the Ministry of Economy”, the Minister Emil Karanikolov said on 15th of June in...

In April 2017 Bulgarian exports and imports have increased dramatically

Date12 Jun 2017

In the period January – April 2017 Bulgarian exports to third countries increased by 22.1% in comparison with the corresponding period of the previous year...

Moody’s maintains Bulgaria’s rating at Baa2, outlook stable

Date30 May 2017

Moody’s credit ratings agency has confirmed Bulgaria’s credit rating at Baa2 with a stable outlook, citing Bulgaria’s resilient economy and the government’s strong balance sheet...

9 Habits Of Productive People

Date26 May 2017

It doesn’t matter what you do or where you work – everyone is looking for ways to be more productive on the job. But excessive...

Software outsourcing to Eastern Europe: Which countries work best?

Bulgaria Ranks among Top Software Outsourcing Destinations

Date11 May 2017

Two recent studies point to Eastern Europe and Bulgaria in particular as an increasingly attractive destination for companies looking to outsource software, according to an...

In the first quarter of 2017, the banking system posted an increase in deposits, assets and balance sheet capital. The banks' high liquidity was preserved. - See more at: http://www.novinite.com/articles/180043/Banks%27+Q1+Profit+at+BGN+288M#sthash.2pTfCw6F.dpuf

Banks’ Q1 Profit at BGN 288M

Date02 May 2017

In the first quarter of 2017, the banking system posted an increase in deposits, assets and balance sheet capital. The banks’ high liquidity was preserved....

Bulgaria Displays Ancient Treasures In Cooperation With Other European Countries

Date27 Apr 2017

The National Archaeological Institute with Museum with the Bulgarian Academy of Science hosts two new exhibitions. The first one presents the popular golden treasure of...

International Monetary Fund Increases Expectaions on Bulgarian Economy

Date25 Apr 2017

International Monetary Fund (IMF) has published a report on global economic perspectives, quoted by BNR. The document’s authors foresee for Bulgaria a GDP growth of...

170,000 foreigners chose to visit Sofia and Bulgaria during the holidays

Date19 Apr 2017

Thanks to low-cost airlines, which offered reasonable prices for airline tickets, about 170,000 foreigners chose to visit Sofia and Bulgaria during the holidays. This is...

The history of growth should be all about recessions

Date12 Apr 2017

Faster growth is not due to bigger booms, but to less shrinking “THROUGHOUT history, poverty is the normal condition of man,” wrote Robert Heinlein, a...

Jan/Feb 2017 Tourist Visits of Foreigners in Bulgaria up 18.6%

Date06 Apr 2017

Jan/Feb 2017 Tourist Visits of Foreigners in Bulgaria up 18.6% In the first two months of 2017 foreigner tourist trips to Bulgaria increased by 18.6...

Bulgaria 1st in Europe, 3rd worldwide in FDI in outsourcing

Date27 Mar 2017

According to the annual ranking of Business Process Outsourcing and Shared Service Location Index 2015, Bulgaria is third in the world in terms of direct...

Russia Ready to Attract Investor for Bulgaria’s Belene N-Plant – Ambassador

Date13 Mar 2017

Moscow’s Ambassador to Sofia has said Russia stands ready to renew construction of abandoned Belene nuclear power plant (NPP) project, but may also draw in...

Sir Richard Branson will give a business lecture in Bulgaria

Date10 Mar 2017

One of the most popular businessmen in the world – Richard Branson, will visit Bulgaria to present a business lecture. The event will be held...

Bulgarian youth turn EU’s poorest region into a tech haven

Date06 Mar 2017

Neglected fields, bumpy roads, abandoned villages, shabby houses and closed schools. Welcome to northwestern Bulgaria, the poorest region of the European Union, according to Eurostat....

Bulgaria Ranks 47th in Economic Freedom Index

Date17 Feb 2017

Bulgaria ranks 47th in the world in terms of economic freedom, showed a ranking of the American Heritage Foundation. According to the ranking, Bulgaria ranks...

Tourist Destination Bulgaria: Tour Operators Gearing Up for 2017 Invasion

Date15 Feb 2017

Large tour operators in western European countries are preparing for the summer season, while lots of bookings are already coming in. Everyone wants to tan...

11 Simple Ways To Show Your Employees You Care

Date08 Feb 2017

Perception is a very real issue for leaders. They must decide how they want employees to view them and act accordingly. Typically, leaders choose a...

Bulgaria Ready for Schengen

Date02 Feb 2017

Bulgarian President Rumen Radev and European Parliament President Antonio Tajani met on Monday evening as part of Radev’s visit to Brussels that continues Tuesday. Radev’s press office quotes Tajani...

Bulgaria’s Tourism Industry ‘Grew 11% Last Year’

Date24 Jan 2017

An increase in the number of foreign tourists visiting Bulgaria has boosted the sector’s overall growth in 2016, according to the estimates of a renowned think-tank. As...

Alibaba considers European logistics center in Bulgaria

Date16 Jan 2017

Chinese e-commerce group Alibaba is considering setting up a European logistics center in Bulgaria, the Bulgarian government and Xinhua said on Wednesday. No comment was...

Bulgaria to Host Vine and Wine Congress Next Year

Date29 Dec 2016

The government of Bulgaria has approved the country’s move to host a world congress and assembly of vine growers and wine producers at the and of May and early...

Articles-public-mineral-baths-sofia-bulgaria

Chinese Tourist Shoots Viral Bulgaria Promotion Video

Date27 Dec 2016

Bulgarian destinations have received a huge acclaim in a four-minute video published by a Chinese tourist. Named as Jeff Chan, the man has uploaded the...

Will Brexit Affect UK-Bulgaria Business Ties?

Date21 Dec 2016

UK-Bulgaria relations will not be much affected by Brexit. The two countries having extensive bilateral work on border protection, security, education, culture and people-to-people links, said Tom...

eSUB Construction Software raises $5 million to help subcontractors track jobs and get paid

Date20 Dec 2016

A San Diego startup called eSUB Construction Software has raised $5 million in a Series A round led by Revolution Ventures according to President and CEO Wendy Rogers. The company’s cloud-based...

Bulgarian Energy Minister Confident about Belene Privatization

Date16 Dec 2016

If a procedure to privatize the Belene nuclear power plant (NPP) project takes place, it will certainly be successful, Bulgarian Energy Minister Temenuzhka Petkova has said. “We can only saw...

Bulgaria Signs EUR 210 M Agreements with EEA Countries

Date14 Dec 2016

Bulgarian Deputy Prime Minister Tomislav Donchev has signed two MOUs on projects worth EUR 210 M under the European Economic Area (EEA)’s financial mechanism for 2014-2020. The...

Blog