Podcast in English

HE Annick Goulet, Ambassador of Canada to Romania, Bulgaria and Moldova with Economy Minister Nikola Stoyanov

Bulgaria invites Canadian investors to Bulgaria

At a forum in Bulgaria, opportunities for Canadian businesses for investment and joint activity with Bulgarian companies will be presented.  This was agreed at a meeting between Bulgaria's Minister of Economy and Industry, Nikola Stoyanov, and the..

published on 2/6/23 5:16 PM

Moody’s: Bulgaria’s adoption of the euro likely to be delayed at least until 2025

Moody’s credit ratings agency has affirmed the long-term foreign and local currency sovereign credit ratings on Bulgaria at ‘Baa1’ with a stable outlook , the Ministry of Finance announced. According to the agency, the country can still..

published on 2/4/23 1:12 PM

NSI survey: More than 20% of producers anticipate price increases

In January, the country's business climate remained roughly at its December 2022 level , a survey conducted by the National Statistical Institute shows. More favourable business climate was reported in industry and retail, and some deterioration - in..

published on 1/30/23 5:45 PM

Construction of the Bulgaria-Sеrbia gas interconnector starts

The construction of the Bulgaria-Serbia gas interconnector on Bulgarian territory starts on February 1 , the Bulgarian presidential administration said.  Bulgarian and Serbian Presidents Rumen Radev and Aleksandar Vucic will participate in the..

published on 1/30/23 2:56 PM

Austrian company expands winter sports hardware production with new plant in Asenovgrad

One of the largest Austrian ski equipment manufacturers in the world , based in the ski resort of Chepelare, will build a new plant in the nearby town of Asenovgrad, Bulgaria. Production is expected to start by the end of 2023. According to managing..

published on 1/29/23 7:30 AM

The UN expects a slowdown in growth of Bulgaria’s economy in 2023

The war in Ukraine is putting the world economy to the test, and UN experts are presenting an outlook for 2023 with the slowest growth rate in a decade. For Bulgaria the outlook is for a slowdown of growth from the expected 3% for 2022 down to..

published on 1/26/23 12:23 PM

Bulgaria increases shareholding in Black Sea Trade and Development Bank

Parliament has approved an increase in Bulgaria’s shareholding in the capital of the Black Sea Trade and Development Bank. At the beginning of 2023, the bank’s board of governors adopted a strategy for increasing its capital by over EUR 244..

published on 1/26/23 12:07 PM

Inflation has brought prices in Bulgaria closer to the EU average

The expenses of Bulgarian households have risen dramatically. For a year, the sum needed for a family of three to cover the cost of living has increased by about BGN 366 (185 euros) and the necessary net monthly income reaches BGN..

published on 1/24/23 2:00 PM

Bulgaria's fruit production shrinks as importers set prices

The Association of Fruit Growers in Bulgaria reports another challenging year in the agricultural sector. However, the problems are not so much related to the unusually warm winter, nor to the lack of sufficient irrigation water, but to the..

published on 1/23/23 4:40 PM

Bulgaria planning projects for €46 billion to remain energy leader in the region

The Council of Ministers approved at today's meeting a strategic vision for the development of the country's electricity sector in 2023-2053. The strategy aims for Bulgaria to remain a leader in the production and export of electric power in the region..

published on 1/18/23 6:38 PM