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Bulgaria
Trends
- 1
Bulgaria is benefiting from its investment in solar power as drought reduces output from hydropower and strains electricity grids across the wider region. With water levels low affecting neighbouring countries' energy supplies, Bulgaria's growing solar capacity is helping keep power flowing, highlighting how renewable build-out can cushion countries against climate-related disruptions to traditional energy sources.
- 2Bulgarian National Bank Warns Bank Tax Could Raise Cost of Credit▼BNB Warns Bank Tax Could Raise Cost of Credit
The Bulgarian National Bank (BNB) has warned that a proposed tax on banks could lead to higher borrowing costs for businesses and consumers. The central bank cautions that taxing the banking sector may push lenders to pass the added burden on to clients through more expensive credit. The warning comes amid ongoing debate over fiscal measures in Bulgaria's budget policy.
- 3Night-time temperatures in Bulgaria rising sharply over 20 years▼Night-time temperatures in Bulgaria rise sharply over the past 20 years
Bulgarian National Radio reports that night-time temperatures in Bulgaria have risen sharply over the past two decades. The finding points to warming that is most visible after dark, a pattern scientists link to climate change because it reduces nighttime cooling and puts additional strain on health, agriculture and energy use. The report is drawing attention as heat records continue to fall across the region.
- 4Bulgaria's Housing Market Cools as Sales Decline▼Bulgaria’s Housing Market Shows Signs of Cooling as Sales Decline
Bulgaria's housing market is showing signs of cooling, with property sales declining, according to a report by Novinite. The slowdown suggests weakening demand in the country's real estate sector, which has drawn attention from buyers, investors and analysts watching whether prices will follow sales downward.