The direct losses for Bulgaria from the delayed full accession to the Schengen Area amount to EUR 424 million, caretaker Minister of Economy Petko Nikolov said. He quoted a report by the Economic Research Institute at the Bulgarian Academy of Sciences, commissioned by the Ministry of Economy.
At a discussion in Sofia on the priorities of the Hungarian presidency of the Council of the European Union and their repercussions on the Bulgarian political agenda, Minister Nikolov pointed out that the direct losses should be added to the lost profits of around EUR 275 million. Thus, the potential benefits from removing land border controls exceed EUR 680 million annually. Additionally, the accession to Schengen by land will reduce carbon emissions from traffic. "Transport connectivity will improve, trade and investment flows will increase and travel time and costs will decrease", summarized Minister Nikolov.
The tariffs imposed on European goods by the Trump administration are expected to have both direct and indirect effects on Bulgarian exports. The Ministry of Economy and Industry has calculated the direct impact at €468 million, while..
The Celestial Empire, the “world’s factory”—that is China, the globe’s second-largest economy. The Asian powerhouse is actively expanding its economic reach worldwide, with the Belt and Road Initiative as the apogee of these efforts, through which..
The demand for employees increased by 5% in August, or by over 1,700 more offers compared to July, one of the largest HR companies in Bulgaria reported to BTA. But on an annual basis there is a decline of 7% , or by 3,100 offers. The "Trade..
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil,..
Thunderstorms 
Partly cloudy, chance of rain
Overcast, rain
Rain
Cloudy
Scattered showers