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
Around 4 billion euros in debt have been raised from international markets through two bond issues, market analysts confirmed to BNR. The amount was raised through issues of 9-year and 13-year bonds – marking the country’s first entry into the..
Natural gas prices are expected to fall by about 14% from current levels, Bulgargaz CEO Veselin Sinabov told a public meeting of the Energy and Water Regulatory Commission (EWRC). This means that one megawatt hour will cost 31.91 euro, compared to 36.88..
The Bulgarian National Bank (BNB) has revised upwards its expectations for Bulgarian economic growth in 2025 but lowered its GDP growth forecast for 2026, it transpired from the Bank's regular quarterly Macroeconomic Forecast. In its March..
On the threshold of the active summer season, which in this country is no more than two months – July and August, the tourism industry..
Partly Cloudy
Mostly Cloudy
sunshine, cloud, rain and thunder
Partly cloudy, chance of rain