The Bulgarian Emko army ammunition factory has had its trading license restored. The Interdepartmental Council for the Defense Industry and Security has restored the license. The problem with the license taken away over violations and omissions which blocked the plant’s trade relations for three months costs the loss of markets and has resulted in unsold produce worth millions of euro, because the state-run Kintex arms trading company terminated its contract with Emko and started exporting to the same markets the produce of another Bulgarian ammunition plant. This prompted fresh protests of Emko workers today outside the Council of Ministers.
Great Britain has issued a special license on Friday that allows businesses to continue to work with two Bulgarian subsidiaries of sanctioned Russian oil company Lukoil, Reuters and BNR Horizont reported. The general license allows companies and banks to..
The leader of "We Continue the Change", Asen Vassilev, described the selection of Rumen Spetsov as a special manager at Lukoil as a "bad joke". "Rumen Spetsov was appointed to collect taxes, not to manage a refinery. There is a..
The nominated person for special manager for the four companies of "Lukoil Bulgaria" is Rumen Spetsov, Minister of Economy, Petar Dilov, said. "He meets all legal requirements", Dilov added. The decision was discussed at the Security..
Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks..
The European Commission has approved 70 projects across the EU , worth more than €600 million , to support alternative fuels and reduce vehicle..
There are significantly fewer homeless people in Sofia in comparison to major European cities. This is shown by data released today from an international..
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