A German concern manufacturing electrical goods, heating, ventilation and air conditioning systems will invest EUR 17 million to expand its production facility near the city of Plovdiv. The new factory will start producing concrete mixers. The investment includes the delivery of already existing equipment from Germany, its integration into the plant’s equipment and the purchase of new machinery. So far, 120 people have been employed at the new factory, including welders, mechanics and painters. The Covid-19 pandemic has not impacted the company’s performance. It managed to reorganize its workflow. In 2020, its revenues amounted to EUR 257 million, which was 10% more as compared to 2019. In 2020, the company’s profit increased to EUR 17.4 million (9% more as compared to the previous year).
The growth of the national economy in the second quarter of 2025 accelerated by 3.5% on an annual basis. According to an analysis by the Bulgarian National Bank - BNB, the main factors for the acceleration are the decrease in imports..
For the first time, Bulgaria’s Minister of Finance Temenuzhka Petkova took part as an observer in the regular meeting of the Eurogroup held in Luxembourg, the Ministry of Finance said. Until now, Bulgaria has only participated in Eurogroup..
Since the beginning of the current year, Bulgaria has experienced record heat waves, a series of devastating fires, and a new disaster just days ago – catastrophic floods that claimed human lives . Climate change already has its price – and it is..
With the introduction of the euro on January 1, Bulgaria will benefit from the stability, liquidity and all the advantages of the common currency,..
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