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 […]
Category: Business in Bulgaria
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 […]
Ukrainian Refugees: EU Member States Agree To Extend Temporary Protection
In order to provide certainty for more than four million Ukrainian refugees currently living in the EU, the Council of the EU agreed on September […]
Bulgaria Submits Request To EC To Modify Recovery And Resilience Plan
Bulgaria has submitted a request to the European Commission (EC) to modify its recovery and resilience plan, the EC said on October 2. Bulgaria’s request, […]
Bulgaria’s Ban On Entry Of Russian-Registered Cars – Further Details
Bulgaria has banned the entry into the country of Russian-registered cars, including transit, according to a statement by the Interior Ministry on October 2. The […]