Burgas
Burgas anchors Bulgaria's Black Sea economy: LUKOIL refinery (SE Europe's largest), port expansion, and 8.4M summer overnight stays in 2025.
Burgas operates as Bulgaria's second Black Sea port and southeastern industrial anchor. LUKOIL Neftochim Burgas is the largest oil refinery in southeastern Europe; the fishing industry centers here; the port now accepts 260-meter vessels after recent deepening projects. With 210,646 residents, the city ranks as Bulgaria's fourth largest and the region's economic engine.
The 2025 summer tourism season demonstrated post-pandemic recovery dynamics. Overnight stays in the region reached 8.4 million (May-August), matching 2019 levels. Revenue hit BGN 837 million—20% above 2024, 78% above 2019. Yet visitor origins shifted: Poland overtook the UK as the leading source market, with both countries accounting for 44% of Burgas Airport traffic. The German market surged 51% from 2024, its best result since COVID. The bed base grew 7% year-on-year, reflecting investment confidence.
Bulgaria's January 1, 2025 full Schengen integration accelerates the trajectory. Tourism is projected to contribute 8.4% to national GDP in 2025, supporting 333,000 jobs. The October 2025 Black Sea 2030 Forum, hosted by Burgas, positioned the city as a hub for sustainable development, eco-tourism, and green economy practices despite geopolitical instability in the northwestern Black Sea (Ukraine conflict). Mayor Dimitar Nikolov's vision of transforming Burgas into an innovation and science center acknowledges the reality: oil refining and beach tourism are mature industries. The next growth phase requires diversification into higher-value activities while maintaining the port and industrial base that fund current prosperity.