Parliament has approved an increase in Bulgaria’s shareholding in the capital of the Black Sea Trade and Development Bank. At the beginning of 2023, the bank’s board of governors adopted a strategy for increasing its capital by over EUR 244 million by 2030. To keep its 13.5% shareholding, with EUR 93 million in paid-up capital, Bulgaria needs to pay another EUR 33 million in equal installments up until 2030.
The bank is the financial institution of the Black Sea Economic Cooperation organization and finances regional projects from the public and the private sector. After 1999 it has supported 39 projects in Bulgaria worth EUR 232 million, or 10.5% of all of the bank’s active operations.
Property prices on the Black Sea coast have risen by 20%, Nova TV reported, citing major real estate agencies in the Burgas region. Most of the buyers are from Bulgaria and are looking to buy large apartments as an investment, mainly for holiday use...
Cooperation between Bulgaria and China in the field of agriculture and food is very active and is constantly expanding. This was stated at a meeting in Sofia between Deputy Minister of Agriculture and Food Lozana Vasileva and Wan Lejun, Chief Animal..
Bulgaria is making good progress toward joining the Eurozone, as inflation is decreasing towards the threshold set by the criteria, European Bank for Reconstruction and Development President Odile Renaud-Basso said in an interview with BTA. The..
The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years..
Bulgaria's main trading partners are Germany, Romania, Italy, Greece and France, which account for 62.5% of exports to EU Member..
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