Electricity from coal will be produced without restrictions at least until December 31, 2038, the deputies decided with the adoption of the road map for energy neutrality of the Republic […]
Month: October 2023
No More All-Inclusive In Bulgarian Hotels Along The Black Sea From 2024?
Due to the increase in food prices, some hoteliers will not offer all-inclusive packages for next year, according to the Bulgarian Hotel and Restaurant Association in Varna. […]
Bulgaria’s Economy Will Slow Down According To A World Bank Report
After strong growth in 2022, the Bulgarian economy will slow down, following trends in the European Union, according to a World Bank report. The World Bank reports that inflation in Bulgaria remains high, which threatens […]
The IMF Expects Growth Of The Bulgarian Economy By 1.7% In 2023 And By 3.2% In 2024
The International Monetary Fund expects Bulgaria’s GDP growth to slow to 1.7% in 2023 from 3.4% last year, before accelerating to 3.2% in 2024. The fund’s autumn forecast […]
Bulgaria: The Cabinet Approved An Increase In The Minimum Wage
The cabinet approved the new minimum wage parameters. From January 1 next year, it becomes 933 leva (or 477 euros), which is nearly 20% more than the current minimum wage. […]
Bulgaria’s Energy Minister: Nuclear And Hydro Power Are Expected To Replace Coal
The Minister of Energy Rumen Radev announced that in the course of reducing pollution from energy production, the capacities from coal plants will also be replaced by new nuclear capacities – two AP1000 units at […]
Bulgaria January-August 2023 Budget Deficit At 51.9M Leva
Bulgaria’s Finance Ministry has recorded a consolidated Budget deficit of 51.9 million leva in the first eight months of the year on a cash basis, […]
Bulgarian Firms Among Founders Of Ukraine’s Defence Industries Alliance
Ukrainian President Volodymyr Zelenskky has named Bulgaria as among 19 countries whose companies have become founding members of Ukraine’s Defence Industries Alliance. “We have developed […]
Karabakh: The Connection With Ukraine And The Risks For The EU
On September 19, the Azerbaijani Ministry of Defence announced the start of “anti-terrorist measures” on the territory of Azerbaijani Karabakh. This was a response to the death […]
Eurostat: Unemployment In Bulgaria In August 2023 Was 4.5%
Unemployment in Bulgaria in August 2023 was 4.5 per cent, unchanged from 4.5 per cent in July 2023 and up from 4.1 per cent in […]