House prices in Bulgaria rose 6.6% in 2018 – Eurostat

House prices in Bulgaria in 2018 were 6.6 per cent higher than in 2017, higher than the European Union average increase of 4.4 per cent over the same period, according to figures released by EU statistics agency Eurostat.

The year 2018 was the fifth consecutive year to see increases in house prices in Bulgaria.

In 2014, the increase was 1.4 per cent, 2.8 per cent in 2015, seven per cent in 2016 and 8.7 per cent, according to Eurostat’s figures.

The statistics on house prices in Bulgaria and the EU reflect the unfolding, and recovery from, the global financial crisis of 2008.

In Bulgaria, which joined the EU in January 2007, that year saw house prices go up by 28.9 per cent, compared with an average 8.4 per cent across the bloc.

The year 2008 saw a 25 per cent in house prices in Bulgaria, compared with an EU average of 0.6 per cent.

However, 2009 saw house prices in Bulgaria plunge by 20.4 per cent (against an EU average drop of 4.4 per cent). In 2010, house prices in Bulgaria fell by 10.2 per cent, 5.5 per cent in 2011, 1.9 per cent in 2012 and 2.2 per cent in 2013, Eurostat said.

House prices, including purchases of both new and existing houses and flats, have fluctuated significantly since 2006 with annual growth rates in the EU of about eight per cent in 2006 and 2007, followed by a fall of four per cent in 2009 as a result of the financial crisis. Prices across the EU started growing again in 2014.

Overall, between 2010 and 2018, house prices grew in total by 15 per cent in the EU and by 11 per cent in the euro zone.

Among EU countries, the highest increases between 2010 and 2018 were in Estonia (+83 per cent), Latvia (+61 per cent), Austria (+56 per cent), Sweden (+55 per cent) and Luxembourg (+50 per cent), and the largest decreases in Italy (-17 per cent), Spain (-12 per cent) and Cyprus (-eight per cent), Eurostat said.

(Photo: maistora/flickr.com)

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Bulgaria Ranks 11th Among the Best Countries in the World

Bulgaria ranked 11th in the Good Country Index, prepared by the team of independent British political consultant Simon Anholt, Manager.bg writes.

For the purpose of the ranking, Anholt’s team uses data from 35 world organizations, including the United Nations and the World Bank, to determine the contribution of individual countries to the overall well-being of humanity over their capabilities (GDP, population, etc.)

The ranking for 2018 includes a total of 153 countries ranked according to their global contribution in 7 different categories – Science and Technology, Culture, Peace and International Security, World Order, Planet and Climate, Prosperity and Equality “and” Health “.

Our country performs best in the categories “Science and Technology“, “Peace and International Security” and “Planet and Climate”, where it occupies 11th, 15th and 11th place respectively. Worst is our ranking in the Prosperity and Equality category – 49th.

The list headed Finland, which ranks second in Prosperity and Equality and the 6th in Planet and Climate. It is followed by Ireland, Sweden, Germany and Denmark. The top 10 are Switzerland, Norway, France, Spain and Canada. In the top 20 there are a total of 17 European countries.

This is the fourth edition of the 2014 ranking. Then the champion became Ireland, followed by Sweden in 2016 and the Netherlands in 2017.

Among our neighbours, the Republic of Macedonia is ranked 25th, followed by Romania – 32, Greece – 42, Serbia – 48 and Turkey -57.

In the big world economies, the United Kingdom is the 15th largest, Italy -19, Japan-24, US-40, Russia -41, and China-59.

The last places in the ranking occupy Iraq, Libya and Yemen.

You can see the full ranking here.

 

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Bulgaria is the most Competitive Economy in the Balkans

Bulgaria remains 51th in the ranking of the World Economic Forum for 2018. According to the index, Bulgaria is the most competitive economy in the Balkans, ahead of Romania (52 positions), Greece (57), Turkey (61), Serbia (65), Montenegro (71), Albania (76) and Bosnia and Herzegovina (91), reports Money.bg

According to the individual criteria, Bulgaria ranks highest in adopting information and communication technologies in business (30 position) and in innovation capacity (48 positions). The worst is the institutions (70), the healthcare (70) and the financial system (71).

Meanwhile, in this year’s ranking, the United States is returning to the top position as the most competitive economy in the world for the first time since 2008.

Top 5 include Singapore, Germany, Switzerland and Japan. The results of all these countries have increased since 2017. The World Economic Forum points out that economic recovery is moving at a good pace, expecting almost four percent growth in 2018 and 2019, but a number of risks and potential shocks remain. One of these is the trade war between the US and China. The ranking scores 140 countries by 98 indicators that measure business investment and productivity. Top 10 include Japan, the Netherlands, Hong Kong, the UK, Sweden and Denmark.

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Official Start of the Bulgarian Presidency of the Council of the EU

The Bulgarian Presidency of the Council of the European Union will officially begin today with a ceremony in the National Theater.

It will be accompanied by several big protests – the policemen, the eco-activists and the defenders of Bansko ski zone will protest in the capital.

Prior to the official opening, Prime Minister Boyko Borisov will hold a working meeting with European Council President Donald Tusk, which will discuss the challenges facing Europe and our priorities during the Bulgarian Presidency.

These include the prospects for the Western Balkans, the security and stability of the EU, the digital economy, and the future of Europe and young people in the Community.

An opening concert is scheduled at the National Theater in the evening. In addition to Donald Tusk, President of the European Parliament, Antonio Tajani, European Commission President Jean-Claude Juncker, President Rumen Radev and many other officials will be there.

Over the next 6 months, Bulgaria will host more than 460 meetings and events. More than 25 thousand guests will visit our country.

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Investments in real estate in Bulgaria have increased by 213% in the first half of the current year compared to the same period last year. Compared with the countries of Central and Eastern Europe, Romania and the Czech Republic ranked second and third with respectively 155% and 114%.
Looking at data as an absolute value, the first place is for the Czech Republic, where real estate transactions totaling 2.2 billion EUR  were carried out. The second place is for Poland with an investment of 1.5 billion EUR. and the third place is for Hungary with an investment of 824 million EUR.
The fastest growing investments in the sector of retail space and hotels. For the first six months of this year, investment in commercial properties amounted to 2.6 billion EUR. By comparison, throughout the year 2016, their value was 3.7 billion EUR.
What is happening in the first half of 2017 gives reason to think that a record 12.2 billion EUR investment in Central and Eastern Europe, achieved in 2016, could be surpassed this year.

Winter is fast approaching, but there’s no need to feel blue about the colder temperatures and shorter days. After all, the winter months bring holidays, festivities and, most importantly, the ski season!

Whether you’re hitting the slopes for the first time or looking to try somewhere new for a challenge, there are some seriously amazing ski resorts on offer around the world, especially in Europe , the USA and Canada .

However, the sheer amount of choice can be somewhat overwhelming, especially as most offer breathtaking backdrops, a wide array of pistes and of course, exceptional après–ski.

To help you narrow down your options, we’ve revealed our top picks of the world’s best ski resorts, including the best time to go and how to get there for cheap..writes the Mirror.co.uk

Bulgaria’s premier ski resort has everything you need for a fun-filled, budget-friendly ski holiday, according to the survey.

Not only can you bag some brilliant accommodation for bargain prices, but even the cost of eating out or making the most of the nightlife is relatively low.

As for the skiing itself, expect beautiful scenery, plenty of runs for everyone from beginners to the more advanced, and fast lifts to the mountains so you can make the most of your time out there.

Ski pass price: Approx 238BGN (£110) for an adult 6-day pass.

Best time to go: The snow season in Bansko typically lasts from December to April, on the northern slopes of the mountain.

The first place, however is for Meribel, France, followed by Cervinia, Italy, and on the 3rd place is Revestoke, Canada.

Household prices in Bulgaria registered one of the biggest increases in the first quarter in the European Union on an annual basis – 8.8%. This shows latest Eurostat data released on Wednesday. Reports Investor.

Thus our country ranks fifth in the ranking, with the Czech Republic having a 12.7% increase. Lithuania followed by Lithuania (10.2%), Latvia (10.1%) and Ireland (8.9%).

The statistics show that in the last few years there has been a steady rise in house prices in Bulgaria after it was only 0.7% in the first quarter of 2014. Though prices fell slightly in the fourth quarter of last year, they went up again in the first three months of 2017. Overall, house prices in the European Union grew by 4.5% in the first quarter. The increase in the Euro zone is slightly lower – 4.0%.

Bulgaria: Bulgaria’s presidency of the Council of the European Union is expected to fuel a boom in Sofia’s serviced apartment sector.
The presidency rotates among EU member states every six months – and from January 1 2018 Bulgaria takes over the responsibility.

As a result, more than 18 000 delegates are expected to attend around 230 events in Sofia, driving demand for serviced apartments.

Local serviced apartment provider Cleves is the owner and operator of six buildings in Sofia – totalling more than 100 units. Its GM Peter Diakov said: “We are already seeing increased activity due to the imminent rotating EU Presidency and expect that to continue for the next 9 months. Our advice to clients is to make arrangements in good time – as apartments are much more comfortable for extended visits and the top hotels lack sufficient capacity anyway.”

Housing Prices in Bulgaria are Rising with one of the Fastest Rates in the EU

Household prices in Bulgaria registered one of the biggest increases in the first quarter in the European Union on an annual basis – 8.8%. This shows latest Eurostat data released on Wednesday. Reports Investor.

Thus our country ranks fifth in the ranking, with the Czech Republic having a 12.7% increase. Lithuania followed by Lithuania (10.2%), Latvia (10.1%) and Ireland (8.9%).

The statistics show that in the last few years there has been a steady rise in house prices in Bulgaria after it was only 0.7% in the first quarter of 2014. Though prices fell slightly in the fourth quarter of last year, they went up again in the first three months of 2017. Overall, house prices in the European Union grew by 4.5% in the first quarter. The increase in the Euro zone is slightly lower – 4.0%.

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