BG economy

Full Schengen membership could turn Bulgaria into a regional cargo hub

Slight improvement: Modest revenue growth shrinks the Bulgarian state budget gap

The Bulgarian budget deficit shrunk by almost 150 million euros in November, but it still remains high, according to the preliminary estimates of the Ministry of Finance

"Helping the image": How will Schengen membership affect Bulgarian tourism?

Bulgaria and Romania are very likely to become full members of the Schengen area from January 1, 2025. Everything will be decided on December 12 in Brussels

Bulgarian banks’ annual profits exceeded 1.5 billion euro, again

The total profit of Bulgarian banks for the period January – October 2024 reached 1.5 billion euros, according to data of the Bulgarian National Bank (BNB)

Interview | Banks are now selling their bad loans much earlier and more often than before

The average amount of purchased receivables among the companies in our association is decreasing. In 2020 it was around 2,500 euros

Top 500 companies in CEE: Low profits hampered Bulgarian businesses

The shrinking profits of Bulgarian businesses have led to a diminished presence in global credit insurer Coface's annual ranking of the 500 largest companies

The most realistic date for Bulgaria’s entry into the Eurozone is 1 January 2026 – not earlier

The most realistic date for Bulgaria's accession to the Eurozone is January 1, 2026 - this is the conclusion that a number of financial institutions

Smaller banks in Bulgaria give 2 to 3% interest on deposits

The significant growth of wages in Bulgaria in the last two years and people's preferences to invest their free funds mainly in deposits contributed

Reforms and savings – the way to control the alarming budget deficit

Once a snowball gets rolling down a hill, there is no stopping it. This is a useful analogy for the situation with the growing expenses in the Bulgarian state budget

The Bulgarian state budget is heading for its worst year in a decade

An old saying goes that some things are better late than never. This was the case in the last three years when it came to compiling the Bulgarian government budget