News

According to the Henley Passport Index, Bulgaria ranks 13th among the countries with the most desirable passports for international travel. Bulgaria shares its position with Monaco.

Bulgaria is confidently strengthening its position as an attractive destination for real estate investments. According to research by UK-based 1st Move International, the country ranks eighth among the best European countries for property investment, offering annual gross rental yields of 4.65%. In addition, the Bulgarian tax system is one of the most attractive in Europe. The tax rate on rental income is 10%, which makes Bulgaria particularly attractive for investors looking for the best balance between profitability and tax burden.

Important changes to the Condominium Management Act (CMLA) came into force in Bulgaria on December 31, 2024. The changes relate to the mandatory registration of management boards and professional managers in the Unified Centralized Register of Condominiums, which is maintained by the Ministry of Regional Development and Public Works.

A new increase in property prices in Bulgaria may be caused by changes in the VAT Law, which stipulate that individuals must pay the state 20% when selling a new construction property.

In the prestigious ranking of the New York Times, which publishes a list of the best places to travel every year, Bulgaria took one of the places of honour in 2025. This news confirms the growing interest in Bulgaria, which is becoming increasingly popular among travelers from all over the world.

From the beginning of 2025, new prices for issuing personal documents, including identity cards and passports, came into force in Bulgaria. This amendment affected both Bulgarian citizens and foreigners living in the country.

Bulgaria is in the final phase of preparations for joining the Eurozone. The country meets all the necessary criteria, including low inflation, a sustainable budget deficit and a minimal debt-to-GDP ratio. If the current dynamics are maintained, Bulgaria will become part of the Eurozone in the coming years, opening new horizons for its economy and citizens. This will happen in 2025. or the beginning of 2026, the exact date has not been determined, will be approved by a decision of the Council of the EU.

On 16 December 2024, the modern cadastral and administrative information system of the Geodesy, Cartography and Cadastre Agency (GGCC) will be operational in Bulgaria. The new platform is a revolutionary step in streamlining real estate work by making the process of obtaining cadastral documents as fast, convenient and accessible as possible. 

On January 1, 2025 Bulgaria officially became a full member of the Schengen area. This means that checks are no longer carried out at the internal land borders between Bulgaria, Romania and the other Schengen countries. This decision was made after a long wait that started in 2011, and it was made possible by the lifting of the veto by Austria.

The Institute for Market Economy (IMI) publishes its annual report "Regional Profiles 2024", which carefully examines the economic and social indicators of 28 regions of the Republic of Bulgaria. Based on more than 80 criteria, the report highlights the achievements of individual regions as well as highlighting growing disparities between regions.

Bulgaria's economy continues to grow. Although Sofia remains the key city with 41% of GDP, cities such as Plovdiv and Stara Zagora show impressive results.