A year with good results in the banking sector, achieved in a difficult domestic and external environment. This is how the governor of the Bulgarian National Bank (BNB), Dimitar Radev, assessed the outgoing 2024 in an interview with the “24 Chasa” newspaper, on the occasion of Banker’s Day marked on December 6.
“Uncertainty will continue at least until the domestic political crisis is resolved and there is more clarity on the prospects for resolving external conflicts and their impact on trade and economic activity,” Radev said about the challenges in the sector. He pointed out that the BNB and the banking sector are ready for the introduction of the euro, but it is questionable whether politicians would support adopting the common currency. The banker added that the budget challenges can be solved through a successful outcome of the political crisis.
There are no plans for the privatization of the Vazovski Machine-Building Plants (VMZ) in Sopot, and the information circulating in this regard is speculative, said Bulgaria’s Minister of Economy and Industry Petar Dilov at a working meeting..
In 2024, the real estate market in Bulgaria registered a significant rise, with prices increasing by around 16%, and the number of real estate transactions going up as well. Real estate prices along the Black Sea coast have continued to grow,..
The real estate market in Bulgaria has steadily been growing in the past few years. There has been talk of a price bubble, inflated to serious proportions at the time of the pandemic, though expectations that it is going to burst have come to nothing...
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