Bulgarian construction companies are ceasing operation due to the high prices of steel and construction steel rods. Some companies may even face bankruptcies.
Sales of raw materials have been suspended since the beginning of March due to the war in Ukraine. The price of 1 ton of reinforced iron bars has soared from EUR 741 to EUR 1,050. Imports from the major suppliers (Ukraine and Russia) was suspended two weeks ago. Stockpiles are insufficient. Brick manufacturers have also reduced sales due to the high prices of electricity and natural gas.
The mechanical engineering sector is also experiencing serious difficulties. Machine builders are concerned that other foreign suppliers are also halting exports due to the international uncertainty.
2.5% is the necessary effort that our country must make in terms of defence spending, caretaker Minister of Defense Atanas Zapryanov said. Together with the Chief of Defense Adm.Emil Eftimov, the minister was present at the Mausoleum..
The Ivan Mihailov Cultural Club in Bitola has been removed from North Macedonia’s Central Registry, but the spirit of Ivan Mihailov lives on in the people, and a "legal battle" is underway in court to restore the name, the association’s chairman..
Today the 33rd Bulgarian Polar Expedition left the port of Varna for Antarctica. For the third year in a row, Bulgarian polar explorers will sail on the military research vessel "St Cyril and Methodius". This time, two cadets from Romania will be on..
For the first time in recent election history, the end election result leaves a party running in the election outside the National Assembly with a..
The European Parliament has approved the nomination of Bulgarian Ekaterina Zaharieva as European Commissioner. She will be in charge of the 'Start-ups,..
A meeting of the interior ministers of Bulgaria, Romania and Austria in Budapest could lead to a change in Austria's stance on the two countries joining..
Partly Cloudy
Clear