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Economy

Minister of Economy and US Ambassador discussed investment opportunities

Reducing the administrative burden and deadlines for the implementation of foreign investments in Bulgaria, as well as the possibilities for monitoring the process were part of the topics discussed by the Minister of Economy and Industry, Bogdan Bogdanov, and the US Ambassador to Bulgaria, H.E....
Minister of Economy and US Ambassador discussed investment opportunities
Bulgaria marks the highest annual increase in electric vehicle sales among EU countries, but at the same time Bulgarians drive the oldest cars
Bulgaria marks the highest annual increase in electric vehicle sales among EU countries, but at the same time Bulgarians drive the oldest cars
Bulgaria is in first place in Europe in terms of increase in sales of electric cars. Last month, 171 electric cars were registered in Bulgaria, or 100 more than last year. Thus, the growth in...
Parliament conclusively adopted amendments to the law paving the way for termination of Lukoil concession for Oil Port “Rosenets”
Parliament conclusively adopted amendments to the law paving the way for termination of Lukoil concession for Oil Port “Rosenets”
With 144 votes "for", 52 "against", the Parliament on July 21 conclusively adopted legislative amendments which will allow the State to terminate the concession of Lukoil Neftochim Burgas for...
"Lukoil" on the "Rosenets" oil terminal concession: We fulfilled our obligations as per the contract with Bulgaria
"Lukoil" on the "Rosenets" oil terminal concession: We fulfilled our obligations as per the contract with Bulgaria
"Lukoil Neftohim Burgas" will sue all those who claim that the company operates in violation of European legislation and thus damage the reputation of the company. This was announced by the...
Dimitar Radev was re-elected as the Governor of Bulgaria's Cenral Bank
The current governor of the Bulgarian National Bank (BNB) Dimitar Radev will keep his post after being re-elected for another term in office. On...
Trade Unions: Cost of living for a family of three in Bulgaria is BGN 2,524 per month
The net monthly income needed for a person living alone and working is BGN 1,402, according to data of Confederation of Independent Trade Unions...
Minister of Economy: Arms exports in 2022 up by 200%
"According to data from 2022, exports of specialised arms production have increased by 200%. This is about 1.6 - 1.7 billion euros or about 220%...
National statistics: Monthly inflation fell by 0.4%, annual inflation stands at 8.7%
Monthly inflation for June was -0.4% and annual inflation was 8.7%, National Statistical Institute said on July 17. Inflation is measured by...
Electricity supplier “Electrohold” stops issuing paper bills after September 2023
Electricity supplier “Electrohold” stops issuing paper bills after September 2023
From September 2023, the subscribers of the electricity distribution company for Southwest...
Bulgaria’s Parliament rejects holding referendum on retaining the lev as the only official currency until 2043
Bulgaria’s Parliament rejects holding referendum on retaining the lev as the only official currency until 2043
Bulgaria’s National Assembly on July 7, 2023, rejected a proposal to hold a referendum on...
90% of fast loan firms in Bulgaria violate the rights of customers
90% of fast loan firms in Bulgaria violate the rights of customers
90% of the fast loan companies in Bulgaria violate the rights of customers and mislead them with...
Where do government, trade unions and employers differ on the draft state budget?
Where do government, trade unions and employers differ on the draft state budget?
The National Council for Tripartite Cooperation ( which includes representatives of the trade...
Is it possible to adopt the euro as a parallel currency?
Is it possible to adopt the euro as a parallel currency?
The European Central Bank reacted sparingly to the possibility Bulgaria to introduce the euro as...
Prices of electricity up by 4.3% and of heating by 0.12% from July 1
Prices of electricity up by 4.3% and of heating by 0.12% from July 1
The Energy and Water Regulatory Commission (EWRC) set new prices for heating, hot water and...
Bulgaria is in talks for the introduction of the euro as a parallel currency
Bulgaria is in talks for the introduction of the euro as a parallel currency
Bulgaria is in talks with the European Commission (EC) and the European Central Bank (ECB) for...
Bulgaria opens its largest solar power plant near Dupnitsa
Bulgaria opens its largest solar power plant near Dupnitsa
Bulgaria will only be able to support coal-fired power plants in Bulgaria for another year and a...
Sofia hosts International Conference on Green Transition
Sofia hosts International Conference on Green Transition
The green transition means a complete transformation of society, but not at the expense of the...
Prices of electricity for households rise by 4-5% from 1 July
Prices of electricity for households rise by 4-5% from 1 July
Prices of electricity for households will rise by 4 - 5% from 1 July due to the inclusion of...
National Statistical Institute reports Gross Domestic Product growth
National Statistical Institute reports Gross Domestic Product growth
In the first quarter of 2023, gross domestic product (GDP) grew by 2.3% compared to the first...
National Statistics: Over 75% of people find it difficult to cover daily expenses
National Statistics: Over 75% of people find it difficult to cover daily expenses
A National Statistical Institute (NSI) survey shows that more than 75% of respondents had...
Bulgaria's central bank: Foreign direct investment up by nearly 10%
Bulgaria's central bank: Foreign direct investment up by nearly 10%
Foreign direct investment grew by nearly 10%, Bulgarian National Bank (BNB) reported for the...
Profit of banks in Bulgaria increased by over 60% in a year
Profit of banks in Bulgaria increased by over 60% in a year
The profit of the banking system in Bulgaria increased by 61.5% to BGN 1 billion in the first...
Bulgaria’s utilities regulator cuts natural gas price by 15.2% for June 2023
Bulgaria’s utilities regulator cuts natural gas price by 15.2% for June 2023
The Energy and Water Regulatory Commission approved the natural gas price for June at BGN...
BGN 70 m wastewater treatment plant starts operating in Plovdiv
BGN 70 m wastewater treatment plant starts operating in Plovdiv
The wastewater treatment plant in Bulgaria’s second largest city of Plovdiv has received...
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