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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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retailer under construction Veliko Tarnovo
Money, News

Second National hardware retailer has massive new store under construction in Veliko Tarnovo

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 Continue Reading