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.
On Wednesday morning, visibility will be reduced in some places in the valleys, plains and along the Black Sea coast. Minimum temperatures will range between minus 3 and 2°C, around minus 2°C in Sofia. During the day it will be sunny with highs between..
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 result of 3.999% (Velichie), 21 votes short of the electoral threshold, reads a position by the..
The Central Election Commission (CEC) is sending the prosecutor the video recordings of the ballot count in 7 polling stations where there is a discrepancy in the number of votes counted. The prosecutors will have to check whether there is..
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..
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