Podcast in English

Energy Minister Rosen Hristov

Bulgaria joins the project for the construction of a submarine electric cable in the Black Sea

Bulgaria is joining the project for the construction of a submarine electric cable in the Black Sea, caretaker Minister of Energy Rosen Hristov said after a meeting of the steering committee for the construction of the green energy corridor from..

published on 6/6/23 9:17 AM

Natural gas to become significantly cheaper in June

Natural gas prices should drop by 15% as of June 1. This proposal was submitted to the Commission for Energy and Water Regulation by the executive director of Bulgargaz, Denitsa Zlateva.  Initially, on May 11, it was discussed that the reduction..

published on 5/29/23 11:49 AM

Mining company from Jordan shows interest in cooperation with the sector in Bulgaria

One of the largest Jordanian companies in the mining industry is interested in a partnership with the mining sector in Bulgaria. The Chairman of the Board of Directors of the company and former Deputy Prime Minister of the country, Mohammad Thneibat..

published on 5/27/23 9:05 AM

Average monthly salary in Sofia reaches EUR 1,330

In the first quarter of 2023, the average monthly salary in Bulgaria decreased by 2.5% as compared to the third trimester of 2022.  Bulgaria’s capital Sofia tops the ranking with an average monthly salary of EUR 1,330.89, indicate data of the National..

published on 5/25/23 6:04 PM

Saudi company invests 1.2 billion euros in Bulgaria

Saudi telecommunications company "Tawal" is in the process of buying 100% of the passive infrastructure of BTC's mobile networks, which are owned by United Group. This became clear after a meeting between Minister of Economy and..

published on 5/25/23 9:00 AM

Brussels makes three economic recommendations to Bulgaria

In the recommendations of the European Commission to the economies of the EU countries, for Bulgaria it is said that, together with 14 other countries in the community, it does not comply with the requirement for a budget deficit of 3%. The deficit..

published on 5/24/23 5:35 PM

4% of Bulgarians own half of the money kept in banks

At the end of 2022, Bulgarians kept over EUR 36 billion in banks, an increase of 8.2% compared to 2021. But the number of households’ bank deposits has gone down by 2% within the space of a year, and they are now almost 8.9 million. 55% of these..

published on 5/22/23 11:12 AM

It is unlikely that Bulgaria will adopt the euro by 2025

Higher inflation compared to the average values for the European Union and low growth rates - this is predicted by the macroeconomic forecast for Bulgaria until 2025 of the Institute for Economic Research of the Bulgarian Academy of Sciences ...

published on 5/21/23 11:10 AM

NSI: Bulgaria's GDP up 2% in the first quarter of 2023, inflation goes down

Inflation in Bulgaria in April has gone down to 0.3% compared to March and to 11.6% compared to the same month last year, the National Statistical Institute said. Year-to-date inflation (January 2023-April 2023) is 3% and the average annual..

published on 5/16/23 2:45 PM

Forecasts for Bulgaria’s economic growth are slightly more optimistic

The European Bank for Reconstruction and Development has raised its forecasts for the economic growth of Bulgaria in 2023 and 2024 , as well as for the region of Southeast Europe. The growth of the Bulgarian economy is expected to be..

published on 5/16/23 10:27 AM