According to Eurostat, Bulgaria is first in the EU in terms of industrial production growth with 20.2%. "This became possible because thefts were stopped and an end was put to racketeering and to the extortion of companies," Deputy Prime Minister and Minister of Economy Kornelia Ninova said. She reported historical export growth of 38.8%.
According to experts, the growth was mainly due to the record-high export of defense products to Ukraine, BGNES reports. The National Statistical Institute commented that this was an expected result of inflation. In May 2022, total Bulgarian exports grew on an annual basis by 60.7% to 4.2 billion euros, while total imports grew by 49.3% to 4.6 billion euros.
The two largest trade unions in Bulgaria - the Confederation of Independent Trade Unions in Bulgaria and the Confederation of Trade Unions "Podkrepa" - are organizing a warning protest in front of the Council of Ministers building. It is planned for..
In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget. The measures include: reducing the municipal administration by merging municipalities;..
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil, Bulgarian Petroleum and Gas Association Chairman Svetoslav Benchev told BTA. "For now, I..
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