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cost of living Bulgaria
Finance, Money, News

Cost of Living in Bulgaria – A Comprehensive Guide for 2023 – Veliko Tarnovo Today

Bulgaria is a hidden gem in Southeast Europe, with a rich history and culture. The country has been gaining popularity among expats and retirees due to its low cost of living. If you are considering moving to Bulgaria or just curious about the cost of living there, this article will provide you with valuable insights.

Firstly, let’s talk about the Bulgarian currency – Lev (BGN). The exchange rate is fixed to the Euro, which means that 1 EUR equals approximately 2 BGN. This makes it easy for foreigners to understand the value of goods and services it also means that the value of the Lev remains relatively stable compared to other currencies in Europe.

Accommodation in Bulgaria is significantly cheaper than in most Western European countries. You can rent a one-bedroom apartment in Sofia, the capital city, for around 1000-1200 BGN (500-600 EUR) per month. Food prices are also affordable – a meal at an inexpensive restaurant costs around 15-20 BGN (8-10 EUR) while groceries for a week for one person would be around 50-60 BGN (25-30 EUR).

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Growth in construction in the region
Finance, Lifestyle, Property News

Growth in construction in the region despite the rising prices

This year there is about 14% growth in construction in Veliko Tarnovo and the region. It is close to the national average, which according to statistics is about 17% compared to 2020. The main part is housing, while the municipalities focus mainly on the construction of new infrastructure projects.

About 6,000 people are employed in the field of construction in Veliko Tarnovo district. Companies from other districts of the country are also coming to the region, and their number is increasing. Some of them fall into the gray sector and cannot be reported by the Chamber, as construction up to 100 square meters does not require registration with the construction organization.

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Growth in construction in the region
News, Property News

For all company-owned properties – changes in electrical suppliers

From last year all commercial users had to register on the free electrical market. This change affected not only different manufacturers, producers, etc. but also companies that have no activity, including companies which have been formed to hold property ownership.

There are two rates for electricity – commercial and residential. The price of commercial electricity varies and is much higher than that of residential electricity. For all company-owned property, Energo Pro would automatically assign the commercial rate. However, there is a way to pay the residential rate:

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