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Bulgaria Today – 1 July 2025

Bulgaria Today – 1 July 2025

Welcome to Bulgaria Today, the English-language podcast of Radio Bulgaria, on July 1. In “Bulgaria Today” we bring you first the latest news from this country. Next, we focus on the tourism business as Bulgaria expects six-percent rise in the...

Bulgaria’s INSAIT Teams Up with MIT for Groundbreaking AI Collaboration

Bulgaria’s INSAIT Teams Up with MIT for Groundbreaking AI Collaboration

The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University is set to embark on a new chapter through a collaborative programme with the Artificial Intelligence Laboratory at the Massachusetts Institute...

End of an Era: Bulgaria’s 28 Years Under the Currency Board and the Road to the Euro

End of an Era: Bulgaria’s 28 Years Under the Currency Board and the Road to the Euro

On July 1, Bulgaria marks the final anniversary of its currency board arrangement, a system in place for 28 years that is set to conclude with the country’s anticipated entry into the eurozone on January 1, 2026, BGNES reported. This transition...

Managers, Entrepreneurs Share Good Practices at Discussion in Sofia

Managers, Entrepreneurs Share Good Practices at Discussion in Sofia

Entrepreneurs and managers shared their experience and good practices on the path to the success of their companies and businesses at a discussion here on Tuesday. It was entitled "Habits of Successful People and Companies". M3 Communications...

Crafts' Significance as Guardian of Cultural Heritage, Regional Development Driver Becoming Increasingly Clear - Deputy Economy Minister

Crafts' Significance as Guardian of Cultural Heritage, Regional Development Driver Becoming Increasingly Clear - Deputy Economy Minister

Deputy Minister of Economy and Industry Nevena Lazarova said during a forum here on Tuesday that in today's economic dynamics, the importance of crafts as a guardian of Bulgarian cultural heritage and as a driver for regional development,...

EU Intellectual Property Official Highlights Bulgaria’s Rich Tradition of Geographical Indications at International Forum

EU Intellectual Property Official Highlights Bulgaria’s Rich Tradition of Geographical Indications at International Forum

At an international conference titled “Bulgarian Crafts – Traditions Meet the Future,” Edyta Demby-Siwek, Deputy Executive Director of the European Union Intellectual Property Office (EUIPO), emphasized Bulgaria’s notable products protected by...

Russia’s Ambassador Slams Bulgaria’s Loyalty to the West, Highlights Enduring Cultural Links

Russia’s Ambassador Slams Bulgaria’s Loyalty to the West, Highlights Enduring Cultural Links

Russia's Ambassador to Bulgaria, Eleonora Mitrofanova, has described the current state of relations between the two countries as being at their lowest point in history. In an interview for the Russian magazine International Life, Mitrofanova...

No Need to Re-Sign Contracts: What Bulgaria’s Euro Switch Means for Your Salary

No Need to Re-Sign Contracts: What Bulgaria’s Euro Switch Means for Your Salary

The upcoming introduction of the euro in Bulgaria does not require employees to re-sign their employment contracts, Deputy Minister of Labor and Social Policy Natalia Efremova clarified in an interview with Bulgarian National Radio. She cautioned...

Foreign Minister Georgiev Calls for Legal Support Fund for Bulgarians in North Macedonia

Foreign Minister Georgiev Calls for Legal Support Fund for Bulgarians in North Macedonia

Minister of Foreign Affairs Georg Georgiev said on Tuesday that a financial mechanism is needed to provide legal support for citizens of Bulgarian identity in the Republic of North Macedonia who face politically motivated court cases,...

CC-DB Member Simidchiev: There Must Be a Substantial Reason for No Confidence, Which Does Not Divert Bulgaria from Its European Orientation

CC-DB Member Simidchiev: There Must Be a Substantial Reason for No Confidence, Which Does Not Divert Bulgaria from Its European Orientation

There must be a compelling reason that would not divert us from our European orientation, from the European Union, Continue the Change - Democrarivc Bulgaria (CC-DB) MP Aleksandar Simidchiev said when asked by journalists whether they would...

New Refugee Agency Head Requests Check by Council of Ministers, Public Financial Inspection Agency

New Refugee Agency Head Requests Check by Council of Ministers, Public Financial Inspection Agency

Ivan Ivanov, the newly appointed Chair of the State Agency for Refugees (SAR), announced that he has requested the Internal Audit Unit of the Council of Ministers and the Public Financial Inspection Agency (PFIA) to conduct an inspection of the...

The State Agency for Refugees will be inspected for financial irregularities

The State Agency for Refugees will be inspected for financial irregularities

The new chairman of the State Agency for Refugees, Ivan Ivanov, has asked the Council of Ministers to conduct an inspection of the agency. The audit should establish whether there were any irregularities in the spending of funds, reporter Daniel...

Bulgarian authorities dismantle a segment of a global money laundering network operating through financial fraud

Bulgarian authorities dismantle a segment of a global money laundering network operating through financial fraud

A segment of a global money laundering network operating through financial fraud has been dismantled, the Sofia District Prosecutor's Office and the General Directorate for Combating Organized Crime announced at a briefing. Two Bulgarians and two...

Bulgarian Authorities Break Up Financial Scams Operation Running as Part of Global Money Laundering Ring

Bulgarian Authorities Break Up Financial Scams Operation Running as Part of Global Money Laundering Ring

The Bulgarian authorities reported on Monday that they have dismantled a segment of a global money laundering network operating through financial fraud. Four individuals are facing criminal charges—two of whom are Bulgarian citizens, and two are...

Bulgaria Has Rich Heritage of Crafts, Says Patent Office Head

Bulgaria Has Rich Heritage of Crafts, Says Patent Office Head

Patent Office Head Engineer Olya Dimitrova told a forum on Monday that Bulgaria has a rich heritage of crafts ranging from ceramics, textiles, and woodcarving, through knife-making and leatherworking, to jewelry-making, known in Bulgaria for its...

Will the ECB Control Bulgaria’s Budget After Euro Adoption?

Will the ECB Control Bulgaria’s Budget After Euro Adoption?

A video posted on Facebook by Kostadin Kostadinov, leader of the Revival party, claims that once Bulgaria joins the eurozone on January 1, 2026, Bulgarian MPs will lose the ability to approve a budget unless it has already been approved by the...

International Fraud Ring Busted: Ukrainians and Bulgarians Laundered Millions Through Shell Companies

International Fraud Ring Busted: Ukrainians and Bulgarians Laundered Millions Through Shell Companies

A criminal scheme linked to an international money laundering network has been uncovered in Bulgaria, with authorities identifying more than 3 million leva in suspicious transfers. The revelation was made at a joint press conference held by the...

Bulgaria’s base interest rate falls below 2%

Bulgaria’s base interest rate falls below 2%

The base interest rate in Bulgaria is decreasing to 1.91% as of July 1, announced the Bulgarian National Bank. The base interest rate is dropping by 0.16% compared to the previous month, when it stood at 2.07%. Thus, the base interest rate will be...

July 1, 1997: Currency Board Goes into Effect Pegging Lev to Deutsche Mark

July 1, 1997: Currency Board Goes into Effect Pegging Lev to Deutsche Mark

On July 1, 1997, provisions of the Bulgarian National Bank (BNB) Act came into force introducing a currency board in the country with the Bulgarian lev pegged to the Deutsche (German) mark at the rate of BGN 1,000 to DM 1. From the same date, the...

The registration of Bulgarian handicraft products is being transferred from national to EU level

The registration of Bulgarian handicraft products is being transferred from national to EU level

Engineer Olya Dimitrova Photo: BTA The President of the Patent Office of the Republic of Bulgaria, Engineer Olya Dimitrova, said that Bulgaria has a rich heritage of crafts ranging from ceramics, textiles and woodcarving, through knife-making and...

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