Over 10% Growth in Revenues From Bulgarian Tourists in May

pixabay.com Despite the drop in the revenues of the Bulgarian hotels as a whole, in May 2019 the overnight stays and the revenues from Bulgarians are more than last year at the same time. In May, 310 573 Bulgarians stayed in the accommodation places, which is 8.5% more on an annual basis. The funds they have left at hotels exceed BGN 25,725 million - a growth of 10.5%. Of the great
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BSMEPA will Support Automotive Companies for More Dynamic Development

Opportunities for closer cooperation between Bulgarian Small and Medium-sized Enterprises Promotion Agency (BSMEPA) and Automotive Cluster Bulgaria (ACB) were discussed by representatives of the two organizations. The Executive Director of BSMEPA Dr. Boyko Takov and the Executive Director of ACB, Mr. Lubomir Stanislavov discussed ways of promoting cluster companies through the two projects of the
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Bulgarian Youth - First in the EU in Severe Deprivation, Pregnancy and Obesity

 Source: Dnevnik Bulgaria is second in the EU at risk of poverty and social exclusion among young people and the first in the share of pregnant women in teenage age. It is also one of the countries with the most obese adolescents. Only in Slovakia there were fewer young people aged 18-24 at risk of depression. These are part of the conclusions of a report by the European Foundation for the
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Bulgaria's GDP Grew by 3.3%

www.pixabay.com The projections for Bulgaria's economic growth in 2019 and 2020 remain unchanged - 3.3% and 3.4% respectively. Inflation will be 2.4% this year and 1.7% in 2020, according to the European Commission's economic forecast. In the first quarter of the year, growth in the euro area was higher than expected due to a number of temporary factors, such as mild winters and rising
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Bulgarians Working Abroad Remain a Major Investor in the Bulgarian Economy

www.pixabay.com Bulgarians working abroad remain a major investor in the Bulgarian economy. According to data from the balance of payments of the Bulgarian National Bank, since the beginning of the year they have sent nearly 400 million euro to their relatives. The amount is higher than in the same period in 2018 when Bulgarian emigrants contributed EUR 392.5 million or EUR 6.9 million
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Second Largest Bank in the World is Considering Entering Bulgaria

pixabay.com World's second-largest bank, China Construction Bank, is considering entering Bulgaria. This was stated by the Chairman of the Bulgarian Chamber of Commerce and Industry Tsvetan Simeonov first on the show "Business Start" on Bloomberg TV Bulgaria. According to him, China Construction Bank Corporation's assets are worth 3.3 trillion. dollars and an annual profit of $ 37
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The Main Benefits of Opening a Company Abroad

Opening a company in a country that is not the investor’s home country is no longer a difficult goal as the openness of most governments towards foreign investors has increased substantially in the last few years. This is why opening a business abroad can now have more benefits than setting up a company in one’s home state. Starting a company in Luxembourg is, for example, the goal of many
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Russia will be a Partner Country of the International Technical Fair In Plovdiv

pixabay.com Russia will be a partner country of the International Technical Fair. A formal confirmation from the Russian government was received at the International Fair Plovdiv, which is the organizer of the business forum, reported Econ.bg The Honorable Participation of the Russian Federation will take place after the series of high-level meetings in recent months to specify the possibilities
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Food Prices in Bulgaria Are Close to the Average for Europe

The prices of some of the main commodities in Bulgaria are now close to the average for Europe. This shows Eurostat data on prices in Bulgaria compared to the average European ones, Nova TV reported. Prices for milk, cheese and eggs reach 98% of the Union average. That's how we take the tenth place in the Union. According to Eurostat's analysis, together with incomes, prices in Bulgaria
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The E-commerce Turnover is about BGN 3 Billion Per Year

BGN 3 billion per year are circulating in the e-commerce, and that is the statistics only for the companies with distance sales, so the amount is at least BGN 500 mln. This is estimated by experts from the branch. The chairman of the Bulgarian E-commerce Association, Petar Vanchev, believes that, depending on the method of calculation, the turnover of electronic commerce in Bulgaria
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