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Questions about money, salaries and prices of goods in Bulgaria Bulgarian currency. Banks and financial institutions. Cost of living, eating, sleeping in Bulgaria. How much is food and drink in Bulgaria. Cost of living and communal expenses in Bulgaria. Examples of average prices for goods and products in Bulgaria. Prices at markets in Bulgarian towns, villages and resorts
Pages with Questions - PRICES AND MONEY: [1][2][3][4][5][6][7]
0. What is the national currency in Bulgaria1. Is it expensive in Bulgaria?2. What is the average salary in Bulgaria?3. What is the average salary in big Bulgarian cities for year 20054. What are current property prices in Bulgaria?5. What are the living costs in Bulgaria? How much one pays for house insurance, gas, electricity, local and national taxes, to hire a gardener or a builder, to drive a car?6. What is Currency regulations for import and export?7. What kind of tax I owe for my property in Bulgaria?8. What is the maximal amount of money I have bring with me when I pass the Bulgarian custom?9. Are credit and debit cards widely used?
Pages with Questions - PRICES AND MONEY: [1][2][3][4][5][6][7]
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Q0: What is the national currency in Bulgaria
A0: The unit of currency in Bulgaria is the lev, divided into 100 stotinki. The nominals are: Coins: 5, 10, 20, 50 stotinki & 1 Lev; Banknotes: 2, 5, 10, 20, 50, 100 BGN
more info >> http://VisitToBulgaria.com/visit/Dir.asp?d=0-11-Currency
Last updated: Jan 2006
go topQ1: Is it expensive in Bulgaria?
A1: Visitors from Western Europe and America find prices in Bulgaria 2-3 times cheaper. For example a beer is about 0.5 €, a bottle of excellent red wine is 3 €, a dinner in good restaurant is 6 € a person. Craft souvenirs, textile, shoes etc. are also good purchase but be careful not to mix them with the cheaper and low quality turkish immitations.
Last updated: Jan 2006
go topQ2: What is the average salary in Bulgaria?
A2: In 2004 the average yearly sallary (gross) is 3618 BGL (about 1810 EUR). According Lyuben Tomev, Director of the Institute for Social and Syndicate Surveys, about 66% of the households in Bulgaria live on an income of 165 leva (about EUR 83) per capita.
For year of 2005 see this Average Sallary for 2005
more info >> /faq/Dir.asp?d=faq-people&q=34#q34
Last updated: Jan 2006
go topQ3: What is the average salary in big Bulgarian cities for year 2005
A3: The average salary in some of big Bulgarian cities for 2005:
- Sofia: 840 BGL (about 420 EUR)
- Plovdiv: 600 BGL (about 300 EUR)
- Varna: 600 BGL (about 300 EUR)
- Bourgas: 600 BGL (about 300 EUR)
- other: 500 BGL (about 250 EUR)
Source: Industry Watch
Last updated: Jan 2006
go topQ4: What are current property prices in Bulgaria?
A4: Property prices in Bulgaria are increasing all the time. Property still remains excellent value for the moment. A basic rural cottage can be purchased for as little as GBP 5000, but expect to pay significantly more for a property in one of the beach resorts or cities. Check the Property section to get an idea of what you can get for your money.
more info >> http://VisitToBulgaria.com/properties/dir.asp?r=bulgaria
go top Q5: What are the living costs in Bulgaria? How much one pays for house insurance, gas, electricity, local and national taxes, to hire a gardener or a builder, to drive a car?
A5: It`s not possible to compare living costs in Bulgaria and Western Europe. Living costs in Bulgaria are extremely low! For example the food is generally twice cheaper than UK. House insurance: around 100-200 . EURO per year depending on the type of house, together with the belongings and furniture inside. For a property of price 30,000 . EURO insurance against theft, flood and fire costs about 125 . EURO per year with a decent insurance company like Allianz. Gas: the gas system network is not developed in Bulgaria yet. People here mostly use electricity to cook. For heating: there are central heating systems in the big cities: monthly costs for a 2-bedroom apartment around 120 . EURO. In the small places people use charcoal and wood, which is even cheaper way to heat a house. For electricity, when used for cooking, light or hot water one pays about 30 . EURO monthly. Local and national taxes for owning a property: depending on the place where the property is located, the most expensive area is the capital Sofia, where the annual taxes of 2 bedroom apartment are around 150 . EURO per year, but the rest of the country is around 80 . EURO per year.
To employ a gardener or maintenance man or builder you will not pay much. The average salary in Bulgaria is 200 . EURO per month.
Last updated: May 2006
go topQ6: What is Currency regulations for import and export?
A6: Foreigners may export and import Bulgarian banknotes and coins in circulation to the amount of up to BGN 10,000 (about 3500 GBP). Sums exceeding this amount may be imported and exported only with a permit by the BNB (Bulgarian National Bank), valid for a period of up to 90 days of its issuance date.
The foreign persons may export convertible (hard) currency in amounts that do not exceed the amount of the foreign currency they had imported and declared. They can import unlimited amounts of foreign currency, which is to be declared.
Upon crossing the state borderline of the Republic of Bulgaria passengers may import and export commodities that in type, quantities, and value are not of a commercial nature. These do not include objects the passenger carry for personal use and consumption objects.
Exchange controls are the responsibility of the Bulgarian National Bank (BNB). The Bulgarian Leva is pegged to the Euro, and enjoys local convertibility. The export of Leva is prohibited, but foreign businesses can repatriate profits and capital in foreign currency. Companies can maintain both Leva and foreign currency bank accounts. Currency exchange can be effected through either the Commercial Banks or the Bureau de Change.
Import controls - Most goods can be imported into Bulgaria without restriction. All exports to Bulgaria are subject to pre-shipment inspection.
Last updated: May 2006
go topQ7: What kind of tax I owe for my property in Bulgaria?
A7: Amount of taxes and fees varies from the place where the property is located in Bulgaria. For the properties owners there are 2 kinds of tax - property tax (is paid annually based on 0.15% of the property value - the valuation is made from tax department and is different from market price) and annual fee for garbage transportation (it is calculated based on value of the property and depends of place and municipality - vary from 1.6 to 5 per 1000). If you have industrial land - this mean you have registered company there in Bulgaria. In this case you must declare activity and incoming (and taxes if you have incoming) to the end of March! For more info see this Taxes I own as company
more info >> http://VisitToBulgaria.com/properties/Dir.asp?id=105
Last updated: Aug 2007
go topQ8: What is the maximal amount of money I have bring with me when I pass the Bulgarian custom?
A8: Please note that foreign currency more of than 4000 euros must be declared at customs offices on arrival. Failing to do so may result in confiscation. There is no limitation on the amount of money that you may bring with you, but they must be declared if they are more than 4000 Euros.
Last updated: Oct 2006
go topQ9: Are credit and debit cards widely used?
A9: No, in big shops and hotels, you would not have a problem paying by credit card (Visa, MasterCard, American Express, Diners Club, Access and Airplus), however in small restaurants and shops it is advisable to have cash in hand.
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