The number of visits of domestic tourists decreased by 9.7% y/y to a total of 1.52mn in Q3, according to a survey of the statistical institute comprising tourist visits to the country and abroad of citizens of 15 years or older. The contraction sustained for an eight quarter in a row speeding from 7.4% but still far below the 36.6% y/y drop in Q1. Those visiting relatives were 22.2% of the total while the ones travelling on vacation were 65.4%, respectively. Tourist visits in the country fell by 12.5% y/y (up from 8.9% y/y in Q2 but down from 40.1% y/y in Q1) to 86.1% of the total. The number of Bulgarians travelling abroad rebounded by 20.9% y/y after dropping by 1.4% y/y in Q2. |
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more