Bulgarians working abroad sent over EUR 420 million to their relatives during the first quarter of 2025. This amount is EUR 66 million higher than in the same period of 2025. The largest sum was sent by the Bulgarian diaspora in the United States, indicate data from the Bulgarian National Bank.
In the first quarter, Bulgarians in the United States transferred EUR 77.6 million. Bulgarians living in Germany transferred EUR 76 million, and those in the United Kingdom transferred EUR 74.2 million. Bulgarians living in Spain sent EUR 40.6 million to their families and relatives during the January-March period.
The money sent by Bulgarians abroad is mostly used for consumption, which boosts VAT revenues in the state budget. Households receiving financial support from abroad tend to spend the money in smaller settlements, which has a positive impact on local businesses, experts told bTV.
Edited by Ivo IvanovPublished and translated by Kostadin Atanasov
Photo: Pixabay
The Ministry of Innovation and Growth has presented the country’s first interactive investment map . The platform aims to provide Bulgarian and foreign investors with useful and up-to-date information in one place, making it easier for them to make..
The Bulgarian state-owed natural gas supplier Bulgargaz has proposed that the price of natural gas for November increases by around 8% to nearly 66 BGN per megawatt-hour, excluding fees and taxes, reported BNR's journalist Yuliana Kornazheva. The..
The growth of the national economy in the second quarter of 2025 accelerated by 3.5% on an annual basis. According to an analysis by the Bulgarian National Bank - BNB, the main factors for the acceleration are the decrease in imports..
Mostly Cloudy
Clear
Partly Cloudy
Cloudy
Partly cloudy, chance of rain