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Economy

Bulgaria’s energy regulator approved the price of natural gas for June

Bulgaria’s Energy and Water Regulatory Commission on June 10 approved the natural gas price, eefective as of June 1, 2022, at BGN 141.36/MWh (excluding access, transmission, excise and VAT). At this price, state-o0wned gas operator “Bulgargaz” will sell natural gas to the final...
European Commissioner for Cohesion met with Bulgaria's President Radev
European Commissioner for Cohesion met with Bulgaria's President Radev
President Rumen Radev met with the EU Commissioner for Cohesion and Reforms, Elisa Ferreira, on June 9. They discussed the challenges facing the regions and the effective use of EU funds to build...
Financial Forum Innovations brought together leading bankers and financiers in Sofia
Financial Forum Innovations brought together leading bankers and financiers in Sofia
The eighth edition of the financial forum "Innovations", organised by the association "Bank of the Year" brought together leading bankers and financiers in Sofia on June 9. The participants,...
OLAF: Bulgaria should return more than EUR 30 million for EU-funded projects
OLAF: Bulgaria should return more than EUR 30 million for EU-funded projects
The European Anti-Fraud Office (OLAF) recommended that over EUR 30 million should be returned to the EU budget from projects in Bulgaria, according to data from the annual report on the activities...
Finance Ministry does not expect inflation and unemployment to increase simultaneously
"The finance ministry does not expect inflation and unemployment to increase simultaneously, because economic growth remains positive,”...
Bulgaria’s tourism industry expects good summer season
Tourism industry experts expect a good summer season, despite the Covid-19 pandemic of the last two years and the current military conflict...
Cabinet discussed economic growth in Bulgaria with representatives of the World Bank
An ambitious scenario for significant growth of the Bulgarian economy was outlined by Prime Minister Kiril Petkov during a meeting with...
Finance Minister Vassilev announced the parameters of proposed budget update
The proposed budget update was discussed on June 3 by the ruling coalition. Some of the partners came in with ideas for more anti-crisis measures....
Cherry crop in Kyustendil is smaller by 30% to 50% this year
Cherry crop in Kyustendil is smaller by 30% to 50% this year
The unfavourable weather conditions has affected the cherry crop. In the region of...
Potential investments in the automotive industry for BGN 2 billion could create 4,000 jobs in Bulgaria
Potential investments in the automotive industry for BGN 2 billion could create 4,000 jobs in Bulgaria
The automotive sector is the fastest growing sector, President Rumen Radev pointed out, but the...
Bulgaria does not yet meet the criteria to adopt the euro
Bulgaria does not yet meet the criteria to adopt the euro
Bulgaria is still not ready to adopt the euro, the European Commission reported on June 1....
Record high inflation in the Eurozone. Bulgaria among the countries with the highest price increase in the EU
Record high inflation in the Eurozone. Bulgaria among the countries with the highest price increase in the EU
Energy prices were the biggest contributor to the rise in headline inflation in the euro area in...
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