''The loss from Bulgaria's delayed membership in the Eurozone and Schengen is between 4% and 5% of the country's GDP'', Bulgaria’s Minister of Finance Assen Vassilev said in an interview for Nova TV. ''The business loses between EUR 250 million and EUR 500 million just from currency conversion. Separately, delaying eurozone membership leads to higher interest rates and less investment'', Minister Vassilev said.
The losses stemming from Bulgaria’s delayed membership in Schengen are also huge, Minister Vassilev said with regard to the government’s draft decree, according to which Bulgaria should include in an official document the date January 1, 2025, as a target date for adopting the euro. Assen Vassilev said that this act is necessary, because the caretaker cabinet had not written down the date January 1, 2024, as the target date for Eurozone membership, and because it had drafted a budget with a 6.4% deficit.
For the period January-June 2025, the net flow of foreign direct investment in the country reached EUR 848 million (0.8% of GDP), which represents a decrease of EUR 31.4 million compared to the same period in 2024. In June 2025, the flow was negative..
On the world map of organic agriculture, Bulgaria is not just a dot, but a colorful mosaic of food products, carrying the aroma and taste of unspoiled nature. Our organically certified areas produce crops sought after around the world – essential oil..
Preliminary data from the National Statistical Institute (NSI) shows a 1.3% increase in employment from March to June 2025, reaching 2.38 million. The hotel and restaurant sector had the largest increase in employment (24.8%), followed by real estate..
For the period January-June 2025, the net flow of foreign direct investment in the country reached EUR 848 million (0.8% of GDP), which represents a decrease..
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