Bulgaria

The Bulgarian Stock Exchange (BSE) launched on Thursday (Feb. 17) eight crypto exchange-traded notes (ETNs). Investors in Bulgaria can now trade in crypto instruments based on and following Bitcoin and Ethereum prices through BSE International. By launching the new instruments, the Bulgarian Stock Exchange offers for the first time in the South East European country an alternative to the traditional cryptocurrencies and

As of the start of 2022, Bulgaria has the lowest minimum wage (€332) among European Union countries, EU statistics agency Eurostat said on Friday (Jan. 28). Currently, 21 out of the 27 EU member states have national minimum wages making Denmark, Italy, Cyprus, Austria, Finland and Sweden the exceptions. Bulgaria was one of 12 member states, in the east and the south of the bloc, with minimum wages –

Bulgaria’s consumer prices rose again with the annual inflation rate surging to 7.8% in December from 7.3% in the previous month, according to data from the National Statistical Institute. This is the highest inflation since December of 2008 when it was also 7.8%. Main upward pressure came from food & non-alcoholic beverages (8.9%); housing & utilities (11.6%); and transport (22.2%). On a monthly

Bulgaria’s economy is expected to advance 3.5% in 2022, Euler Hermes said on Wednesday (Jan. 5). The Paris-based credit insurance company lowered its September 2021 forecast by 0.3 percentage points. The smooth economic recovery in Bulgaria will continue, with a possibility to return to its pre-crisis level by the end of this year, while analysts expect the country’s economy to expand by

Bulgaria’s annual inflation rate stood at 6.3% in November, above the European Union (EU) average, according to Eurostat. EU’s annual inflation was 5.2% last month, up from 4.4% in October. A year earlier, the rate was 0.2%, the statistical office of the EU said. The lowest annual rates were registered in Malta (2.4%), Portugal (2.6%) and France (3.4%). The highest annual rates

Bulgaria-based investment group Doverie United Holding announced that Doverie-Invest, a unit of the holding, further increased its shareholding stake in Moldindconbank (MICB), the second largest bank in Moldova. Doverie-Invest now owns 78.21% of the Moldovan lender following the transaction concluded on Tuesday (Dec. 7), the group said in a Bulgarian Stock Exchange filing, without providing further details. In 2019, the Sofia-headquartered investment company won a

Industrial production in Bulgaria grew 10.8% year-on-year in August, after an upwardly revised 8.6% in the previous month, the National Statistical Institute (NSI) said on Friday (Oct. 8). It was the 6th straight month of growth in industrial activity in the Balkan country and the fastest since May. Output accelerated for electricity, gas, steam and air conditioning supply by 19.9% (vs 17.6%