Bulgaria’s Q4 Household Spending Rises 13%

The average expenditure per household in Bulgaria rose 13.2% year-on-year to BGN 1,368 ($872.5/699.4 euro) in the fourth quarter of 2017, the National Statistical Institute (NSI) said on Thursday. Expenditure on food had a share of 31% of total household spending during the October-December period, while expenditure on housing constituted 18.8% of the total, NSI said in a statement. Expenditure
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1438 Square Meters of Concrete were Removed from the Seaside of Sunny Beach Resort

1438 square meters of beach strip "Sunny Beach - North", occupied by concrete elements of the mini golf course, are removed. It is among the illegal objects collected during the clearing of the new tenant's strip and is part of his contract obligations. Removal of unregulated buildings is part of the preparatory activities before the start of the forthcoming summer season. Tourism Minister Nikolina
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Minister of Tourism: I Hope for 40,000 to 50,000 Chinese Tourists in Bulgaria This Year

''In 2018 I hope the Chinese tourists in Bulgaria will be 40,000 to 50,000'', Minister of Tourism Nikolina Angelkova told bTV. Last year over 30,000 Chinese tourists visited Bulgaria. “If we start working on the joint tourist products, we could realistically expect about 100,000,” she added. She also said that work is under way for direct Sofia-Beijing flights and for a map of 100 European
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Bulgaria's GDP Increases by 3.6% Per Year

Gross Domestic Product (GDP) expanded with 3.6% in the fourth quarter of 2017 compared to the same quarter of the previous year and with 0.8% compared to the third quarter of 2017 according to the seasonally adjusted data made by NSI. The Eurostat Handbook on quarterly National Accounts defines the flash estimates as: „...the earliest picture of the economy according to national accounts concepts,
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Exports of Bulgarian Wine Decreased More than 3 Times Over a Decade

More than 3 times the export of Bulgarian wine was reduced from 2006 to 2016. In 2006 our country exported 112 845 thousand liters and ten years later - 31 411 thousand liters. This shows statistics of the National Statistical Institute . A decline has also been reported in imports, with 12,589,000 liters of wine imported in Bulgaria in 2006 and 73,111,000 liters in 2016. According to NSI data for
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Nearly EUR 7 Million will be Invested in the Border Region Between Bulgaria and Macedonia

€ 6.9 million will be invested in the border region between Bulgaria and Macedonia. This was announced by the press center of the Ministry of Regional Development and Public Works (MRDPW). The funds are earmarked to finance projects under the second call for proposals under the Interreg - IPA Program for cross-border cooperation between the two countries with the MRDPW managing authority.
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The Cost of the Turkish Stream Project Rose from 6 to 7 Billion Euros

Gazprom raised the cost of the Turkish stream project from 6 to 7 billion euros, the Bulgarian National Radio reported. Initially, the company will finance the project itself and later it is possible to issue bonds, said a representative of the Russian gas giant, quoted by RIA News. As of early February, Gazprom has built more than 800 km of the two lines of the Turkish Stream Marine Division.
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Consumer Confidence Slightly Up in Past 3 Months

A regular three-month survey by Bulgaria's National Statistical Institute (NSI) has found that consumer confidence in January 2018 was 1.1 percentage points higher than in October. The rise was due entirely to increased confidence among the urban population, the NSI said on February 7. Consumers’ opinions about changes that had occurred in the financial situation of households and the general
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1300 Alternative Fuel Vehicles Sold in Bulgaria in 2017

A total of 1,300 vehicles powered by an alternative fuel (electric vehicles plus hybrid electric cars) were purchased in Bulgaria in 2017, according to current data from the Association of European Automobile Manufacturers (ACEA). Of these, cars powered by electricity are 105 new cars, and the remaining 1195 are hybrid machines combined with an electric drive. The growth of purchases of cars with alternative
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More Than 60 European Experts Discussed Opportunities of the Danube Strategy

The first expert meeting from the calendar of the Bulgarian Presidency of the European Union Strategy for the Danube Region - that of the coordinators of the priority areas, was held at Boyana Residence in Sofia on 1st of February. More than 60 experts from all 14 Member States of the Strategy, representatives of the European Commission, the Danube Transnational Programme and others took part in the
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