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Economy

Operation Admiral: European Public Prosecutor's Office uncovers a massive €2.2 billion cross-border VAT fraud scheme

The European Public Prosecutor's Office has uncovered a large-scale VAT fraud scheme in all 22 countries participating in the institution, including Bulgaria, as well as in other EU countries such as Hungary, Ireland, Sweden and Poland and third countries such as Albania, China, Mauritius,...
Operation Admiral: European Public Prosecutor's Office uncovers a massive €2.2 billion cross-border VAT fraud scheme
National statisctical institute reports improvement of the business climate in Bulgaria
National statisctical institute reports improvement of the business climate in Bulgaria
In November 2022, the overall indicator of the business climate rose by 3.5 percentage points compared to the previous month, with growth in the indicator registered in all monitored sectors -...
Bulgaria's energy authority fined 6 energy companies for market manipulation
Bulgaria's energy authority fined 6 energy companies for market manipulation
Six electricity companies were fined by the Energy and Water Regulatory Commission, for a total amount of BGN 1.25 million, for market manipulation, the energy regulator said on November 29....
Minister of Regional Development: The gas interconnector is about 90% complete
Minister of Regional Development: The gas interconnector is about 90% complete
The finishing works on the gas interconnector with Greece are probably 90% complete, Ivan Shishkov, caretaker minister of regional development and public works explained on November 23. That is...
Transport Minister: The ban on exports of Russian oil is only for pipeline oil, but not for deliveries by sea
Bulgaria’s caretaker Minister of Transport, Hristo Alexiev, on November 23 explained that the ban on exports of Russian oil applies only to...
"Lukoil" transfers its entire economic activity into Bulgaria
"We have reached an agreement with the management of Lukoil to transfer their entire economic activity to Bulgaria as of 1 January 2023, i.e. all...
Ministry of Economy survey asks businesses if they are ready for the adoption of the euro
Bulgaria’s Ministry of Economy and Industry has released an anonymous survey to businesses asking if they are ready for the euro. The aim is...
Annual inflation declined by 1%, now stands at 17.6%
Annual inflation in October declined by 1.1%, according to the National Statistical Institute. Its level was 17.6% against 18.7% in...
Bulgaria’s central bank governor Dimitar Radev: There are conditions for imbalances in the economy
Bulgaria’s central bank governor Dimitar Radev: There are conditions for imbalances in the economy
Bulgaria is facing serious imbalances in the economy because of different fiscal and monetary...
The state plans to collect BGN 72 million from excess profits of fuel companies
The state plans to collect BGN 72 million from excess profits of fuel companies
Next year, the state plans to collect 72 million BGN in excess profits from companies involved...
A serious spike in the prices of dairy products in Bulgaria
A serious spike in the prices of dairy products in Bulgaria
Serious spike in the prices of dairy products. In just 12 months, the price of cow’s milk...
Bulgaria’s energy regulator cuts natural gas price by 47%
Bulgaria’s energy regulator cuts natural gas price by 47%
Bulgaria’s Energy and Water Regulatory Commission approved a reduction in the price of...
Will prices stop rising and rate of inflation slow down?
Will prices stop rising and rate of inflation slow down?
Inflation will slow down in a month because energy resources will be cheaper, caretaker Minister...
All German companies doing business in Bulgaria would invest in Bulgaria again
All German companies doing business in Bulgaria would invest in Bulgaria again
100% of the German companies doing business in Bulgaria say they would invest in our country...
Bulgargaz proposes 45% cheaper natural gas for November, no increase in heating and electricity prices expected
Bulgargaz proposes 45% cheaper natural gas for November, no increase in heating and electricity prices expected
The price of natural gas in Bulgaria may drop by 45% in November, CEO of public supplier...
Cabinet approves strategy, action plan on Bulgaria's transition to circular economy
Cabinet approves strategy, action plan on Bulgaria's transition to circular economy
Council of Ministers on October 26 adopted a strategy and action plan for the transition to a...
Trade unions: Monthly living income for a family of three in Bulgaria is 2,376 BGN per month
Trade unions: Monthly living income for a family of three in Bulgaria is 2,376 BGN per month
BGN 2,376 per month is needed for a family of three in September 2022, according to the...
Tourism industry predicts 20% more expensive winter season
Tourism industry predicts 20% more expensive winter season
The tourism industry demanded another compensation from the state. This time because of the high...
Trade unions demand 18.7% rise in wages by the end of the year
Trade unions demand 18.7% rise in wages by the end of the year
Trade unions in Bulgaria seek an 18.7% increase in income by the end of the year. Thus, they...
Annual inflation reaches 18.7% in September, statistics
Annual inflation reaches 18.7% in September, statistics
Bulgaria’s National Statistical Institute on October 17 reported that the annual inflation...
An investment map for Bulgaria's re-industrialisation is being prepared
An investment map for Bulgaria's re-industrialisation is being prepared
Work has started on the creation of an investment map for the re-industrialisation of Bulgaria,...
More and more pensioners in Bulgaria are working so they can support themselves
More and more pensioners in Bulgaria are working so they can support themselves
More and more Bulgarian pensioners are working, the National Statistical Institute reports....
78% of Bulgarians fear how they will cope financially in 2023
78% of Bulgarians fear how they will cope financially in 2023
78% of the Bulgarians fear how they will cope financially in 2023, according to the results of a...
29% gas price reduction for November proposed by public supplier Bulgargaz
29% gas price reduction for November proposed by public supplier Bulgargaz
Bulgaria’s public supplier "Bulgargaz” proposes a gas price for November of BGN...
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