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Economy

Annual inflation reaches 18.7% in September, statistics

Bulgaria’s National Statistical Institute on October 17 reported that the annual inflation in September 2022 is 18.7%.The monthly inflation rate is 1.2% and the year-to-date inflation rate (September 2022 vs. December 2021) is 14.0%. The following consumer groups saw the largest price...
Annual inflation reaches 18.7% in September, statistics
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, which will be based on the raw materials extracted in the country. This was agreed between the...
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. Compared to last year, there are 47,000 more working pensioners. Many of the elderly are forced to work...
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 survey on economic attitudes among the adult population in Bulgaria, conducted by the "Trend"...
29% gas price reduction for November proposed by public supplier Bulgargaz
Bulgaria’s public supplier "Bulgargaz” proposes a gas price for November of BGN 166.14 per megawatt-hour, which is a decrease of...
Bulgaria’s Bansko ski resort is preparing for the winter tourist season
The tourist business in Bansko ski resort is preparing for the upcoming winter season. The first bookings have already been made, but at higher...
Global automotive manufacturer to invest in Bulgaria
A new investor, a global manufacturer in the automotive industry, has confirmed its plans to operate in Bulgaria, according to an announcement by...
Energy Minister met with the management of Azeri state-owned energy company SOCAR
Bulgaria’s caretaker Minister of Energy, Rosen Hristov, on October 5, met with representatives of the management of the Azeri state energy...
EU energy ministers approved a plan of power savings
EU energy ministers approved a plan of power savings
EU countries should introduce a mandatory 5% reduction in electricity consumption in peak hours...
Energy regulator gave the green light to the gas interconnector with Greece
Energy regulator gave the green light to the gas interconnector with Greece
Bulgaria’s energy regulator (Energy and Water Regulatory Commision) on September 30...
Caretaker Minister of Economy: Some enterprises will switch to alternative fuels
Caretaker Minister of Economy: Some enterprises will switch to alternative fuels
"We will be able to keep the price of the gas mix within the limits that the business has set...
Gas price drop by more than 30% was discussed at energy regulator
Gas price drop by more than 30% was discussed at energy regulator
30% lower gas price as of October due to the start of the Bulgaria-Greece interconnector. The...
Permit for use for the gas interconnector with Greece has been issued
Permit for use for the gas interconnector with Greece has been issued
A permit for the use of the gas connection with Greece has been issued, Bulgaria’s...
Caretaker Energy Minister: No gas shortage expected, stable supply forecast for heating season
Caretaker Energy Minister: No gas shortage expected, stable supply forecast for heating season
"No gas shortage is expected. Our forecasts are for a stable supply during the heating season...
Sofia hosts international business forum
Sofia hosts international business forum
"Today we are organising a forum together with the European Economic and Social Committee, the...
Hoteliers: State owes us hundreds of thousands of BGN for accommodation and food for Ukrainian refugees
Hoteliers: State owes us hundreds of thousands of BGN for accommodation and food for Ukrainian refugees
Hoteliers on the Northern Black Sea coast claimed that the state owes them hundreds of thousands...
Bulgargaz increases reserved capacity at Alexandroupolis LNG terminal
Bulgargaz increases reserved capacity at Alexandroupolis LNG terminal
Bulgaria’s public supplier, "Bulgargaz” EAD, has signed an additional agreement with...
Gas interconnector between Bulgaria and Greece will start operation from October 1
Gas interconnector between Bulgaria and Greece will start operation from October 1
The Greece-Bulgaria gas interconnector will be put into operation on 1 October with an official...
Regional Development Minister: The state is ready for Act 16 of the interconnector with Greece
Regional Development Minister: The state is ready for Act 16 of the interconnector with Greece
"The state is ready for Act 16 (authorisation for use) of the interconnector with Greece,...
Trade Unions survey: Bread prices have dropped between 1% and 11% - not as much as expected
Trade Unions survey: Bread prices have dropped between 1% and 11% - not as much as expected
The price of bread has fallen by between 1% and 11% and that of flour by between 8% and 11%...
TPP Maritsa 3 is temporarily closed - due to violations there is a risk for the entire electricity system
TPP Maritsa 3 is temporarily closed - due to violations there is a risk for the entire electricity system
The bulgarian authorities temporarily shut down the Maritsa 3 thermal power plant in...
Bulgargaz proposes higher forecast gas price in November
Bulgargaz proposes higher forecast gas price in November
Bulgargaz offers a more expensive forecast price of gas in November of 278.83 BGN. per...
Radev at the meeting with Lukoil called for measures to be taken over fuel prices
Radev at the meeting with Lukoil called for measures to be taken over fuel prices
The caretaker government and the company have discussed how to continue the cooperation between...
Will schools and nurseries be able to cope with heating bills?
Will schools and nurseries be able to cope with heating bills?
Schools, kindergartens and social institutions in Stara Zagora are heated by gas. The principals...
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