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Economy

Business community with a letter to Parliament and PM: We want compensation and guarantees for long-term gas and oil supplies

In a letter to the Bulgarian Parliament and Prime Minister Kiril Petkov, on June 20, the business community insists on a long-term compensation mechanism for the excessively high electricity prices and a mechanism to ensure the long-term supply of natural gas and oil products for transport at...
Business community with a letter to Parliament and PM: We want compensation and guarantees for long-term gas and oil supplies
Tonnes of cherries in Bulgaria’s Kyustendil may remain on the trees unpicked
Tonnes of cherries in Bulgaria’s Kyustendil may remain on the trees unpicked
The price of cherries in shops and markets remains high and at the same time tonnes of fruit in Kyustendil, a major cherry growing area in Bulgaria, may remain on the trees due to lack of buyers....
Fitch affirmed Bulgaria’s ‘BBB’ credit rating, with positive outlook
Fitch affirmed Bulgaria’s ‘BBB’ credit rating, with positive outlook
Fitch Ratings has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a Positive Outlook. Bulgaria's ratings are supported by its strong external and public...
Both the government and the opposition alarm about fuel speculation
Both the government and the opposition alarm about fuel speculation
Another small petrol station in Rousse closed for an indefinite period of time due to high fuel prices and unfair competition from large retail chains and suppliers. According to both the...
Road construction companies threaten to halt repair and maintenance works
Road construction companies stop repairing and maintaining roads. They are unhappy that the budget update does not include funds to pay for work...
National Statistics: Annual inflation rate for May 2022 is 15.6%,
The annual inflation rate for May 2022 compared to May 2021 is 15.6%, data released by Bulgaria's...
Bulgaria’s PM Kiril Petkov will visit Azerbaijan in relation to gas supplies
Prime Minister Kiril Petkov will visit Azerbaijan on Thursday, 16 June. He will participate in the Ninth Global Forum in Baku, organised by the...
Bulgaria and Armenia to promote bilateral partnership in economy, tourism and education
The search for new opportunities to promote the partnership between Bulgaria and Armenia in the economy, tourism and education was discussed at a...
Bulgaria to absorb 22 billion BGN from the EU cohesion fund
Bulgaria to absorb 22 billion BGN from the EU cohesion fund
Bulgaria's agreement with the EU for the Cohesion Fund is politically and technically ready and...
PM Kiril Petkov met the President of the European Investment Bank
PM Kiril Petkov met the President of the European Investment Bank
Bulgaria’s Prime Minister, Kiril Petkov, held a meeting with the President of the European...
Bulgaria’s energy regulator approved the price of natural gas for June
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...
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...
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...
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...
Finance Ministry does not expect inflation and unemployment to increase simultaneously
Finance Ministry does not expect inflation and unemployment to increase simultaneously
"The finance ministry does not expect inflation and unemployment to increase simultaneously,...
Bulgaria’s tourism industry expects good summer season
Bulgaria’s tourism industry expects good summer season
Tourism industry experts expect a good summer season, despite the Covid-19 pandemic of the last...
Cabinet discussed economic growth in Bulgaria with representatives of the World Bank
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...
Finance Minister Vassilev announced the parameters of proposed budget update
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...
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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