The European Commission decision on Bulgaria and Romania’s accession to Schengen by air and by sea at the end of March 2024 triggered some harsh reactions in this country. President Rumen Radev stated that we are entering 2024 with mixed..
''There is a technological competition to produce cheaper electricity. Bulgaria is part of the regional market and we need to renew our capacities in order to be competitive. The import of electricity is not because there is no capacity, but..
We no longer offer the cheapest labor in the EU. With the increase in incomes, we have overtaken Hungary and Bulgaria is now second to last, Prime Minister Nikolai Denkov said at a Facebook briefing. The only thing that stops us for the Eurozone is the..
According to data of the Bulgarian National Bank, foreign direct investments in the country exceeded EUR 3.5 billion in 2023, Minister of Innovation and Growth Milena Stoycheva said today in Varna, quoted by BTA. The Ministry of Innovation and..
A trade mission with bilateral meetings between Bulgarian importers, traders and distributors with Turkish manufacturers will be held in Antalya, Turkey, in the period 4 - 7 February 2024. The initiative is the Bulgarian Chamber of Commerce and..
After Bulgaria joins the Schengen area and the Eurozone we expect the GDP to go up by 5% in the first 1-2 years, said Minister of Economy Bogdan Bogdanov for public service TV BNT. He pointed out that the most important mission for 2024..
The economic situation in Bulgaria calmed down at the end of 2023 after the uncertainty during the year, caused by the political situation and the lack of a budget until the end of July. This is what Lachezar Bogdanov, Chief Economist at the Institute..
2024 has begun with many changes in the incomes of Bulgarian citizens. The minimum wage is now EUR 477.04, an increase of 19.6% or EUR 78.23 compared to last year. The minimum hourly wage is 2.85 EUR. The minimum selected monthly social security income..
In 2024, the priority is the future of state-owned enterprises, through restructuring or perhaps closing the State Consolidation Company, Minister of Economy Bogdan Bogdanov said at a briefing. State enterprises can no longer..
Plovdiv, Burgas, Varna and Sofia are among the top 30 of 150 European cities in terms of real estate affordability, Dobromir Ganev of the National Real Estate Association told Radio Sofia. Bulgaria is the most affordable property investment..
''There is no direct military threat for Bulgaria and this country is not changing its combat readiness'', caretaker Minister of Defense Atanas..
Bulgaria won five medals on the last day of the 2024 Rhythmic Gymnastics World Cup in Sofia. Stiliana Nikolova won the gold in the ball and the..
President Rumen Radev is following with concern the development of the conflict in the Middle East and condemns the escalation of tension, the head..
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