Europe Bulgaria The Bulgarian Development Bank will provide direct financing of Lv 60 million, €30 million, to micro, small and medium-sized enterprises affected by the pandemic in the hotel and restaurant sector, which they can use to refinance overdue debts
Europe Bulgaria In the Justice and Home Affairs Council of the European Union the last vote took place for Bulgaria's full entry into the Schengen area; the vote established the abolition of land controls as of 1 January 2025
Europe Bulgaria The draft budget for 2025 foresees an increase in funds for education from 4,1% to 4,8% of the country's gross domestic product, +0,7% compared to last year
Europe Bulgaria Foreign direct investment recorded a positive net inflow of €1,24bn in the first nine months of 2024, equivalent to 1,2% of the GDP, according to data from the Bulgarian National Bank, a decrease of 63,3% compared to the same period in 2023
Europe Bulgaria General Bulgarian car fleet shows an ageing trend, with over 70% of the vehicles on the road being over 15 years old, and only 4,6% of cars less than five years old