After Bulgaria joins the Schengen area and the Eurozone we expect the GDP to go up by 5% in the first 1-2 years, said Minister of Economy Bogdan Bogdanov for public service TV BNT. He pointed out that the most important mission for 2024 remains accession to the Schengen area by land.
The State Consolidation Company, SCC, comprises 16 companies, Minister Bogdanov said further. The SCC has put up many of these companies as collateral for credits, among them LB Bulgaricum, the Institute for Military Research in Kazanlak, Kintex, Avionams. “Kintex is even on the list of companies which cannot be put up for privatization,” Bogdan Bogdanov said. “How can we shut down the State Consolidation Company at a time these companies have been put up as collateral and can be sold off? Our aim is to get them released,” Minister Bogdanov said.
“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are the motors which can boost the economy, but the fact there is no regular government is an obstacle..
Bulgargaz has reported record interest in its tender for the supply of LNG to the Alexandroupolis terminal for January and February 2025. All nineteen bidders met the criteria set by the company and have been approved to participate in the next..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times . The deal is expected to be announced by the end of..
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