Bulgaria ranked second in the EU in terms of housing price growth in the first quarter of 2025, showing a jump of 15.1% compared to the same period in 2024. Only Portugal recorded a higher increase, at 16.3%. The average growth across EU countries is just 5.7%, which puts Bulgaria among the most dynamically developing real estate markets in Europe, according to Eurostat data. This boom is particularly...
Bulgaria will be able to switch to the single European currency in January 2026. On July 8, EU finance ministers signed the necessary legal acts in Brussels. By doing so, the EU gave final approval for Bulgaria's admission to the eurozone, and it will become the 21st country in the single currency area. From January 1, Bulgaria will replace the national currency lev with the euro The exchange rate is...
There is a chance for Bulgaria to introduce the euro from January 1, 2026. There will be no hindrance to introduce the euro as the official currency from January 1, 2026, sources from Brussels told local BNR correspondent Angelina Piskova. They specified that the decision on this should be taken by the EU Council, which is likely to happen this summer. At the moment, the only criterion that our country...
On December 23, 2023, a political agreement was adopted with the Ministries of Interior of Austria and Bulgaria on the extension of the Schengen area from March 2024 to include Romania and Bulgaria by air and sea. According to the information released, later in the year negotiations will take place to join the free movement area on land borders as well. There is no comment yet on the news from the...
