Category: Economical News

Bulgaria to Join Eurozone Smoothly and Confidently as of January 1, Says PM Zhelyazkov

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As of January 1, 2026, Bulgaria will smoothly and confidently become part of the euro area, said Prime Minister Rosen Zhelyazkov at a press conference on Tuesday. “If we assume that the main goal of any government is the prosperity of the nation, then our key task will be to ensure that Bulgarians in the euro area enjoy higher incomes, stronger purchasing power, and are protected against inflationary pressures,” Zhelyazkov stressed. Earlier on Tuesday, the European Parliament (EP) voted to adopt a report on Bulgaria’s adoption of the euro on…

Transport Ministers of Bulgaria, North Macedonia Push for Rapid Agreement on Railway Tunnel

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During a meeting between Bulgaria’s Deputy Prime Minister and Minister of Transport Grozdan Karadjov and his counterpart from the Republic of North Macedonia, Aleksandar Nikoloski, the two sides agreed to quickly finalize the agreement on the construction of a cross-border railway tunnel between the two countries. The meeting was part of the Global Transport Connectivity Forum 2025 in Istanbul, Karadjov’s Ministry reported. The meeting highlighted the need to build and modernize European transport corridors, with special emphasis on the rail and road Corridor 8 as a prerequisite for regional economic…

“The Bulgarian government is already in euro phase-in mode,” Prime Minister Rosen Zhelyazkov told a briefing at the Council of Ministers in Sofia

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“The Bulgarian government is already in euro phase-in mode,” Prime Minister Rosen Zhelyazkov told a briefing at the Council of Ministers in Sofia on Wednesday following the publication earlier in the day of the European Commission’s and the European Central Bank’s convergence reports on Bulgaria’s preparedness to join the euro area on January 1, 2026. According to Zhelyazkov, Bulgaria will be governed by several principles. “First, it will be a phased, calm introduction of the European currency in Bulgaria rather than a chaotic effort. The processes need to be calm,…

EnduroSat AD is a Bulgarian aerospace manufacturer

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EnduroSat AD is a Bulgarian aerospace manufacturer headquartered in Sofia. It was founded in 2015 by Raycho Raychev. The company designs, builds, and operates CubeSats and Nanosatellites for commercial and scientific missions and is developing inter-satellite linking and data applications. EnduroSat was nominated as one of the top 5 small satellite start-ups. EnduroSat is a member of the International Astronautical Federation (IAF) and International Telecommunication Union (ITU). EnduroSat One: first Bulgarian CubeSat mission. The cubesat was developed within the Space Challenges 2018 program and aims at raising awareness on the…

Bulgarian National Bank Publishes Answers to Questions Related to Loans, Bank Accounts and Currency Conversion upon Euro Adoption

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The Bulgarian National Bank (BNB) has published a new series of questions and answers related to the country’s accession to the eurozone, BNT said on Friday. These questions include: What will happen to a bank client’s remaining obligations/remaining principal on a loan initially taken out in BGN; Will there be a change in the installment on a loan taken out in BGN; Will the interest rate change from the date of the EUR adoption on a loan, if it was agreed at a fixed interest rate; Do clients need to…

Bulgarian National Radio

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Bulgarian National Radio (Bulgarian: Българско национално радио, Bǎlgarsko nacionalno radio; abbreviated to БНР, BNR) is Bulgaria’s national radio broadcasting organisation. It operates two national channels and nine regional channels, as well as an international service (Radio Bulgaria) which broadcasts in 11 languages. Listening to radio broadcasts from other countries having become popular in Bulgaria by the late 1920s, a group of engineers and intellectuals founded Rodno Radio (“Native, or Homeland, Radio”) on 30 March 1930 with the aim of providing Sofia with its own radio station. Broadcasting began in June…

BTA – Bulgarian News Agency

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The Bulgarian News Agency (BTA) is an independent national news organization of the Republic of Bulgaria. BTA, acting in the best interests of the public and of the State and conforming to the provisions of the Constitution of the Republic of Bulgaria and the Bulgarian News Agency Act, exercises discretion in determining the content of its newsgathering and news-distributing operation and assumes responsibility for this operation. BTA is independent in the implementation of its operation and is accountable to the National Assembly. BTA was established by a decree issued by…