The National Assembly voted, at second reading, to give the go-ahead to cooperation with the US for the construction of reactors 7 and 8 of the Kozloduy Nuclear Power Plant.
Before the vote in plenary, the bill for the ratification of the agreement between the governments of Bulgaria and the US for cooperation under the project for the construction of nuclear capacities at NPP Kozloduy and Bulgaria’s civil nuclear power programme, was adopted at the parliamentary energy committee with the support of GERB/SDS, We Continue the Change/Democratic Bulgaria (PP/DB), the Movement for Rights and Freedoms and There Is such a People (ITN).
The agreement was signed in Sofia on 12 February, 2024. By force of another decision, parliament mandated the holding of negotiations, by 15 April, between Kozloduy NPP-New Capacities and Hyundai Engineering & Construction Co., Ltd. for the construction of the new reactors using Westinghouse’s AP 1000 technology.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute..
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