Economic growth of 5% is achievable, Daniel Lorer, Minister of Innovation and Growth, has told BNR.
"By creating a new image as a country where there is no corruption and where the state promotes business instead of hindering it, the 5% target is achievable and we should not look further than neighbouring Romania to see a successful example of how they can to achieve levels of 7% ", the Minister said.
The Ministry of Innovation and Growth and the Investment Agency will be the spearhead of this new policy, the minister hopes. Lorer pointed out that increased investment activity will encourage the state to repair local roads so that businesses can function better.
The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted. There is a lot of money, the deadlines are short and the conditions applicants have to meet are not..
The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests. Bulgaria's economy will grow by 2.9 per cent in 2025, 0.1 per cent less than initially forecast in May...
The largest net positive flows of direct investments in the country for January - July 2024 are from the Netherlands (269.5 million euros), Austria (225 million euros) and Greece (160.5 million euros), BNB data show. According to them, the..
International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the..
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