Bulgaria faces deep structural challenges. The economy is characterized by low added value and regional challenges, chairman of the Bulgarian Industrial Association (BIA), Dobri Mitrev, said. He presented the BIA index for “Economic Policy Effectiveness”. Mitrev pointed out the need for structural reforms, digitalization, and added that sustainable budget discipline was necessary.
The number of patents is alarmingly low, which speaks of the weak connection between business and science, it became clear during the presentation of the index. Foreign direct investments as a share of GDP for 2024 reach 25.9, which is a slight increase. However, the country remains well below the EU average. The conclusion is that despite slight improvements, Bulgaria must work to develop the business environment in order to attract foreign investments.
Bulgaria’s Premier Rosen Zhelyazkov and Ukrainie’s President Volodymyr Zelenskyy discussed energy security in the region and opportunities to strengthen cooperation in this area. The two held a phone conversation on November 6. They also discussed..
Six migrants died after the car transporting them overturned on the shore of Lake Vaya near Burgas. Before the accident, the traffickers’ car had been chased by border police between the towns of Kiten and Burgas. The driver of the car — a Romanian..
In the period November 7 to 9, Sofia Tech Park will host the tenth edition of CASSINI Hackathons & Mentoring, organized by the European Commission and the European Union Agency for the Space Programme (EUSPA). The hackathon will..
Sales of starter sets with euro coins with the Bulgarian national side will begin on December 1, 2025 , the BNB announced. They will be in circulation..
On Saturday , the lowest temperatures will be between 7 and 12°C; in Sofia - around 8°. In the morning hours visibility will be..
The National Assembly adopted today, at first and second reading, legislative amendments that expand the powers of the special manager of the Lukoil..
Overcast, rain
Rain
Cloudy
Cloudy