The mayor of Bulgaria’s capital Sofia Yordanka Fandakova, the Acting Director of the U.S. Trade and Development Agency Enoh Ebong and the U.S.Ambassador to Bulgaria Herro Mustafa signed a grant agreement aimed at financing a plan for modernization of “Toplofikaciya Sofia” district heating company.
The plan is to analyze the possibilities for complete reconstruction, rehabilitation and recapitalization of the municipal enterprise that serves almost 1 million zitizens, announced the press center of Sofia Municipality. The analysis will be performed by a team of highly qualified American experts in the field of engineering, finance and law.
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
Bulgaria ranks 58th out of 67 countries in the World Competitiveness Yearbook of the Institute for Management Development (IMD), Switzerland. The country has shown a lack of progress since 2021 and dropped 10 positions compared to 2020 and 20..
Partly Cloudy
Clear