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Minister of Innovation and Growth Daniel Lorer

Skopje hosts the first meeting of Bulgaria-North Macedonia Working Group on Economy, Trade and Innovation

Skopje is to host today the first meeting of the Working Group on Economy, Trade and Innovation between Bulgaria and the Republic of North Macedonia, Bulgaria’s Ministry of Economy announced. The Bulgarian delegation is headed by the Minister of..

01.02.22 05:05 |

BNB warns banks to be careful with lending

In the bulletin of the Association of Banks in Bulgaria, Governor of the Bulgarian National Bank (BNB), Dimitar Radev, has predicted inflation peak in June and subsequent easing. Radev also predicts a reversal of the interest..

25.01.22 12:10 |
PM Kiril Petkov

PM Kiril Petkov urges nation to get vaccinated

In a video address, Prime Minister Kiril Petkov stated that if 75% of people in Bulgaria get vaccinated the economy is not going to shut down.   In Kiril Petkov’s words the only way tight restrictions can be avoided is vaccination. He..

08.01.22 17:07 |
Prof. Ivanov

Prof. Dimitar Ivanov: Inflation will be the big issue of 2022

"We will probably see growth of around 4.5% by the end of 2021, but 90% of this growth is due to credits and inflation, which remained underestimated. The percentage of real GDP is low as it grew by just 0.6% in the 2 nd and the 3-rd trimester. We..

04.01.22 16:35 |

Minister Lorer expects economic growth of 5 percent in 2022

Economic growth of 5% is achievable, Daniel Lorer, Minister of Innovation and Growth, has told BNR. "By creating a new image as a country where there is no corruption and where the state promotes business instead of hindering it, the 5% target is..

03.01.22 15:18 |
Bulgarian National Bank

Foreign investments dropped by half in first 10 months of 2021

The flow of foreign direct investments to Bulgaria from January to October remained positive, but decreased sharply on an annual basis. Foreign investments reached 1.144 billion euros. This is 1.178 billion euros less than in the same..

19.12.21 13:52 |
(L to R) Velislav Minekov, Daniela Vezieva and Stella Baltova

Three Bulgarian ministries sign agreement on new tourism opportunities

The ministers of economy, tourism and culture signed an agreement on the promotion of the various forms of tourism in this country, Bulgaria’s public service TV BNT reports. The idea is to shorten the dialogue between industry and the institutions..

06.12.21 17:32 |

Lack of qualified manpower and good infrastructure in Bulgaria deters potential investors

The European Bank for Reconstruction and Development lowered its forecast for the Bulgarian economy due to the low level of vaccination against the novel coronavirus and the political crisis. Does Bulgaria stand a chance to recover after..

24.11.21 18:05 |

Bulgaria with new debt of 255 million euros

On November 22, the Bulgarian National Bank held an auction for the sale of government bonds with a maturity of 7.5 years and a fixed annual interest rate of 0.25%. The state loan totals 255 million euros. In 2021, the Ministry of Finance already..

22.11.21 13:52 |

Bavarian representation in Bulgaria presents its annual awards

Bavaria is among the three German federal states with the highest volume of investments in Bulgaria and with the highest share in bilateral trade . This was stated by the Bulgarian Minister of Economy Daniela Vezieva at the presentation of the annual..

17.11.21 16:40 |
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