Fitch Ratings has affirmed Bulgarian Development Bank AD's (BDB) Long-Term Issuer Default Rating (IDR) at 'BBB'. BDB's IDRs are equalised with Bulgaria's (BBB/Positive), reflecting a high probability of support from the sovereign, in case of..
The Czech PPF Group and the Arab Emirates Telecommunication Group Company (e&) have signed an agreement that e& will acquire 50% stake plus one share in PPF Telecom's assets in Bulgaria, Hungary, Serbia and Slovakia. The..
The Commission for Energy and Water Regulation approved the price of natural gas for August in the amount of BGN 59.67/MWh, excluding taxes and fees. At this price, Bulgargaz will sell natural gas to final suppliers and to persons who have been issued a..
The 2023 state budget with a 3% deficit is feasible and does not "tighten the belts", Finance Minister Assen Vassilev told Nova TV. A total of BGN 250 million (EUR 125 million) has been additionally allocated for salary increases in various sectors,..
The budget for 2023 comes into force late, we cannot expect miracles or anything extraordinary to happen in the next 5 months, Eurofound Executive Director Ivaylo Kalfin told BNR. "This budget is simply so that we have a budget to the end of the..
After a mammoth 20-hour sitting, the Bulgarian MPs finally adopted the state budget for the year. It is calculated with a deficit of 3% - on an accrual basis, and preserves a large part of the initial capital programme. The budget is expected to be..
Bulgarian nationals' international travel increased by 16.1% in June compared to last year, according to a survey by the National Statistical Institute. Their total number amounted to 790 300. The highest number of travels was to Turkey - 214 900,..
Natural gas prices in August will remain the same or slightly lower than in July , Bulgaria's largest gas distribution company Bulgargas predicted during a discussion at the Energy and Water Regulatory Commission. Two weeks ago, forecasts anticipated a..
It is achievable to keep to a deficit of 3 percent, Petar Ganev, senior researcher at the Institute for Market Economy has told BNR. "We don't have pitfalls in the budget that are insurmountable. With a strict position of the finance..
In June, the monthly rate of change of consumer prices in Bulgaria was negative -0.4 per cent and the annual inflation rate for June 2023 against June 2022 was 8.7 per cent, the National Statistical Institute said. Deflation in the overall index..
The National Assembly will go into a one-month recess. The last plenary sittings will be held on October 5 and 6. The MPs will return to Parliament on..
Bulgaria’s Minister of Agriculture Kiril Vatev and his Ukrainian counterpart Mykola Solski agreed to exchange data on exports and imports of certain..
Archaeologists uncovered a Roman pagan temple in the area of Orpheus’ sanctuary near the village of Tatul. It dates to the 3rd-4th century. They came..
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