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).
The world leader in the retail sale of clothing and household goods, with more than 3,900 stores in 12 countries, is gradually opening two stores in the old capital Veliko Tarnovo. The first of the two KiK stores is currently being built in the Trade Park on Magistralna Street in the old capital.
Economic opportunities and a better quality of life are the priorities in the 2021 budget, which is the record 112.8 million leva. The 2021 budget of Veliko Tarnovo focuses on the recovery after COVID-19, a better quality of life, investments in infrastructure and ecology. Education and culture are also amongst the top priorities.
Buy a former school in Veliko Tarnovo region and transform it into a retirement home.
This is a new trend in the region and it’s great opportunity for good investment. Let us give you just a few examples of this good way of earning money by having a successful business.
A huge new investment in Veliko Tarnovo – a construction and home improvement supplies hypermarket is opening doors soon! Praktis retailer under construction Veliko Tarnovo is to be among the main competitors of another quickly developing chain in the ancient capital- the big, famous Praktiker store.
The project is estimated to cost about 10 million levs, it is said to provide about 100 new job positions , and it will undoubtedly boost the local economy.” Praktis” is not new to Veliko Tarnovo’s residents- the nationally recognized chain (the company operates 7 stores across the country) started here with a relatively small