Dobromir Ganev
Bulgaria Faces Challenge of Legalizing 10 Billion Leva Before Euro Adoption
Approximately 10 billion leva from the gray economy, including bribes, tax evasion, and other illicit activities, must be clarified before Bulgaria adopts the euro. This process is expected to be challenging as these funds are currently hidden away, figuratively speaking, in "mattresses and jars."
Unprecedented Trend: More Bulgarians Return Home Than Emigrate - NSI
Five times as many Bulgarians returned to the country last year and registered on a new address compared to those who left - there are 30,000 returnees and 6,000 departed, according to data of the National Statistical Institute (NSI).
Bulgaria: Rental Costs Plummet, Pandemic Left Many Commercial Areas Vacant
Tenants' rental costs have fallen by at least 10%. The decline is registered countrywide, explained Dobromir Ganev, Chairman of the National Real Estate Association in the "Before All" talk show on BNR
The occupancy rate of the apartments meant for short-term rental for tourism purposes has decreased dramatically, experts report.
The Properties by the Sea: The Russians Leave, the Westerners Come
French, Germans, Belgians and other residents of Western Europe are asking to buy property on the Bulgarian Black Sea coast. At the same time, real estate developers registered a drop in the number of Russians investing in holiday properties on the Black Sea coast.