The country's GDP stands at 64% of the European average. Unlike Romania, we have not yet crossed the 70% threshold. What distinguishes Bulgaria from other countries in the region is that they have higher levels of investment, better rule of law, and stable governments, Petar Ganev from the Institute for Market Economics said for BGNES. 75% of people's income comes from the private sector, and 25% from the public sector. 500,000 people are employed in the industry.
''If we want to attract big industrial investors, we need to have industrial zones. We are lagging behind in developing industrial zones. Turkiye is doing better than us. The overall package we offer the investor - industrial zone, location, staff qualification programmes - is still lagging behind", said Petar Ganev.
State-owned dairy company LB Bulgaricum will start modernising its production facility in Vidin in September. The first step will be to renovate the refrigeration units and repave the alleys leading to the workshops and the car park in..
The Minister of Innovation and Growth, Rosen Karadimov, has not given up on the idea of the Bulgarian Development Bank (BDB) granting preferential loans to those working in the public sector. In an interview with BNT, he said that..
Bulgarian protein bar manufacturer Healthy Bars is planning to build a new factory in the capital's Vrabnitsa district. The Regional Inspectorate for Environment and Water has already been notified of the intention, and the company has announced that..
The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests. Bulgaria's..
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