Inflation in Bulgaria will hover above 2% over the next two years, supported by wage and credit growth, and consumption will remain the engine of the economy
Yet another big bank in Bulgaria – UBB - expects that the country will only meet the inflation criterion for the Eurozone next year
Labor shortage is one of the main challenges facing businesses in Bulgaria - both for Bulgarian and foreign investors. Due to ever higher labor costs
Bulgarian GDP growth accelerated slightly to 2% in the second quarter of the year, compared to the same period of 2023.
Against the backdrop of increasing warnings from the Bulgarian National Bank (BNB) about the state of the housing loan market in the country
Bulgaria does not meet the inflation criterion and is not ready to join the Eurozone from January 1, 2025. This was expectedly stated by the European Central Bank
In 2024, the Bulgarian budget will supplement the pension system with over 5 billion euros and so it may be necessary to take on new debt
Following a year of decline, Bulgarian exports finally started to grow again. This is shown by the preliminary data of the country’s National Statistical Institute (NSI)
Artificial intelligence started to enter the Bulgarian banking sector a few years ago, and its most obvious areas of application are in process and sales optimization, customer service and risk assessment
The topic of banking consolidation in Bulgaria came up again last month with unofficial information about the sale of First Investment Bank (PIB)
