Electricity prices in Bulgaria are 50 percent higher than those in the main export markets for Bulgarian industry - Germany, Italy, France, Austria. This is stated in a letter from the Association of the Organizations of Bulgarian Employers to the Prime Minister. Industrialists are to start preparing for nation-wide protests if the government did not take measures against the artificial deficit created in order to maintain high prices. It is pointed out that some of Bulgaria's main power plants work at 25% of their capacity while at the same time electricity is exported abroad.
"The situation has deeply aggravated the competitive position on the pan-European market, which shows unacceptable and irresponsible behavior of the competent institutions," the letter reads.
Bulgarian protein bar manufacturer Healthy Bars is planning to build a new factory in the capital's Vrabnitsa district. The Regional Inspectorate for Environment and Water has already been notified of the intention, and the company has announced that..
As of October 1, the BNB has tightened the criteria for banks when granting mortgage loans. The central bank's decision comes after an analysis that shows significant credit growth in the segment and its acceleration in the second quarter of the year...
Bulgaria and China established diplomatic relations 75 years ago – in 1949. A year later, the People’s Republic of China and the People’s Republic of Bulgaria, as this country was then called, exchanged ambassadors, developing full-scale relations –..
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