Fixed exchange rate

Vratsa managed to outperform Sofia and all other regions by GDP growth in 2017, according to data from the National Statistical Institute (NSI), published yesterday. The Municipality reports a 22% increase in GDP per capita - from BGN 9 579 in 2016 to BGN 11 684 in 2017 and is thus ranked first. Of course, the overall level is still far lower than many other regions.

Bulgarians will spend more than 2 billion levs for the holidays, according to data from the National Revenue Agency. This year is expected to improve the record, says NOVA. According to economists, the peak of shopping is expected to be on December 23 and 24, reports Darik. 

The Korado Bulgaria radiator manufacturer will invest 8.5 million leva in relocating part of the activity and creating a new paint shop in the newly acquired land near the factory in the town of Strazhitsa, reports Money.bg

Police uncovered on Friday (31 August) over 10 million leva (€5 million) in cash from hotels owned by a rich businessman in Sofia and in Bulgaria's second largest city, Plovdiv. A prosecutor reportedly said he had never seen anything of the kind in his whole career.

Over BGN 800 million revenue is expected to be generated anually by the new toll system in Bulgaria. This information is from a written response by the regional minister, Nikolay Nankov, following a question by the BSP MP - Georgi Gikov.

SOFIA (AFP) - Bulgaria on Thursday strengthened measures against hooliganism at football matches, after violence marred last season and saw two police officers injured in April.

CITUB urges for 12% higher budget wages next year. That makes about 1 billion leva more. "Up 800 million leva was the increase this year. In this sense, this percentage is not impossible. People in different agencies want a 10 to 20% increase in wages, so this percentage is averaged, "syndicate president, Plamen Dimitrov, told Nova TV.

The owner of a large Bulgarian dairy company was arrested for tax fraud worth at least BGN 900,000. According to unofficial information from the investigators arrested is the owner of "Elena" Stefan Vasilev.

The Special Prosecutor's Office announced that there has been request for blocking of his accounts.

920 leva will be the starting salary for teachers in Bulgaria from 1 January next year. This is written in the collective agreement between the Minister of Education and Trade Unions, reported the Trade Union Syndicate to Podkrepa Labor Union, quoted by the Bulgarian National Radio.

A 65-year-old woman gave phone scammers over BGN 400,000 and a half a kilogram of gold in Sofia. The fraud was committed between June 2 and 6, the BNR said.
 
On the first day the woman left about 3000 leva near the garbage dump on the Gogol metropolitan street.