Bulgaria with a Record Export to Germany: What Do Germans Buy and Where Does it Go?

Trade relations between Bulgaria and Germany are better than ever. This confirms both the record of record trade between the two countries and the politicians - the recent visit of the German President Frank-Walter Steinmeier to Bulgaria. According to official data in 2018, the trade turnover between the two countries amounted to 8.266 billion euros, and in the last two years Bulgaria exports more
Read more ...

Expert: Electricity Prices will Increase by 15% if KEVR Approves CEZ Proposal

An average of 15 percent will increase household electricity prices if the energy regulator approves CEZ's proposal to increase the cost of electricity. The opinion expressed to Darik the energy expert and member of the strategic council to President Elenko Bozhkov.The electricity for companies that consume electricity at regulated prices will also appreciate, Bozhkov also said. CEZ has proposed an
Read more ...

Data from Winter 2018/2019 Season Show Bulgaria Manages to Keep High Tourism Levels

The data from December 2018 to February 2019 show that we have managed to keep tourism levels of the record last year, Tourism Minister Nikolina Angelkova said in response to a question by GERB MP Alexander Matsurev on the results of the 2018/2019 winter season and forecast for the summer season, Focus News Agency reports.She went on to say that the total number of foreign tourist arrivals over the
Read more ...

Bulgarian IT Companies Can Met Qatar Funding

pixabay.com Bulgarian high-tech companies can apply for Qatar funding to expand their operations and to enter the global market. This was made clear during a meeting of Deputy Economy Minister Alexander Manolev with the Minister of Commerce and Industry of the State of Qatar Ali Bin Ahmed Al Kuwari and the President of Qatar Free Zone Ahmad bin Mohamed al-Sayed, the Ministry of Economy said. It was
Read more ...

IMF Lifts Bulgaria's 2019 GDP Growth Forecast to 3.3%

The International Monetary Fund (IMF) said on Tuesday that it expects the Bulgarian economy to grow by a real 3.3% in 2019, up from its October 2018 projection for 3.1% growth, reports SeeNews. Bulgaria's gross domestic product is then expected to rise by a real 3.0% in 2020, the IMF said in the latest edition of its World Economic Outlook (WEO) report. Annual average consumer price
Read more ...

US IT Giant Opens Second Data Center in Sofia for $ 19 Million

Equinix officially opened its second data center in Bulgaria and the event was attended by US Ambassador to Bulgaria Eric Rubin. The investment amounts to $ 19 million. The new center, which will be named SO2, is only about one kilometer away from the first in the "Druzhba" neighborhood in Sofia. For starters, there are 350 server cabinets, and their number is expected to increase by
Read more ...

MD Elektronic Starts Building its Plant for BGN 22 Million in Vratsa

The construction of the plant of the German company MD Elektronic in Vratsa, where BGN 22 million should be invested and approximately 300 jobs opened, should start next week. The first sod of the base will be made in the following Monday, the Municipality of Vratsa said, quoted by the regional news agency Media News. The factory will produce cables for the automotive industry along
Read more ...

Bulgaria's Sunny Beach Resort Ranked as Cheapest Summer Holiday Destination in Europe

Bulgaria’s Sunny Beach has been ranked the best value destination in Europe for a bargain beach break, for the sixth consecutive year. Portugal’s Algarve comes in second place, while Marmaris in Turkey follows in third. Details of the best destinations where your money goes further have been announced in Post Office UK’s 2019 Holiday Costs Baramoter, reports iNews. The annual survey looks
Read more ...

Uncertain Economic Environment and Shortage of Workers Make Business Difficult in Bulgaria

In March 2019, the overall business climate indicator remained roughly the same as in February, as a business environment improvement was recorded only in retail. This shows the regular business surveys of the National Statistical Institute. The main factors hampering companies continue to be related to the precarious economic environment and the labor shortage, and their negative
Read more ...

Bulgarian Tobacco Growers Will Receive BGN 81 mln For the 2018 Harvest

pixabay.com The Management Board of State Fund Agriculture distributes another BGN 3.2 million to farmers who have suffered financial damages, reported NOVA TV. BGN 81 million will be paid under the Transitional National Tobacco Support Scheme - the 2018 harvest. This was announced by the State Fund for Agriculture. The funds to support tobacco growers are provided in the Fund's
Read more ...
See Older Posts ...

Social sharing





The information on this page is sole responsibility of the author and does not necessarily reflect the opinion of the European Communities.