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BNB expects economic growth, investments in real estate continue

The Bulgarian National Bank (BNB) expects the trend towards a slowdown in economic growth to stop. In the first half of 2024, the Bulgarian economy is expected to grow supported by the improved prospects for external demand for Bulgarian goods and..

published on 2/26/24 10:44 AM

Parliament approves negotiations with Hyundai for new units at Kozloduy NPP

After a long debate, the National Assembly decided that Kozloduy NPP- New Builds and Hyundai Engineering & Construction hold negotiations by April 15. Hyundai was shortlisted as a potential contractor for the engineering, construction and..

published on 2/23/24 1:54 PM

Hyundai fears unfair competition in the construction of units 7 and 8 of Kozloduy NPP

Bulgaria’s Parliament rejected a proposal for consideration of a draft decision for the construction of new capacities at the Kozloduy nuclear power plant. MP Delyan Dobrev, Chairman of the National Assembly Energy Committee, asked the parliament to..

published on 2/22/24 11:01 AM

ContourGlobal Maritsa East 3 TPP shutdown after contract with NEC expires

The thermal power plant (TPP) ContourGlobal Maritsa East 3 - one of the two so-called American power plants - has ceased operations. The reason is the expiry of the long-term contract with the National Electricity Company for the purchase of electricity..

published on 2/21/24 1:53 PM

Wines from Brestovitsa: Elevating Bulgaria's presence on the world wine map

The demand for wine is growing rapidly in the world markets. This is according to the latest data. The reason is customers' preference for sustainable beverages. And there is a new trend in the wine sector - towards the integration of modern technologies..

published on 2/20/24 7:56 PM

New solar panels manufacturing plant in Stara Zagora will need workers from the region

A groundbreaking ceremony for a plant for the manufacture of photovoltaic panels and cells is to take place in the region of Stara Zagora by the end of this year. 15-20 hectares of land will be needed to build the plant and the investor has been..

published on 2/17/24 8:05 AM

Minister of Economy is optimistic about growth and foreign investments

The forecast for 2% growth of the economy is being preserved, Minister of Economy and Industry Bogdan Bogdanov said in Varna. It is expected that the level of investment interest in Bulgaria will also be kept. Of course, we take..

published on 2/16/24 1:26 PM

Inflation rate in Bulgaria continues slowdown in January

The annual inflation in Bulgaria slowed down significantly in January, 2024, down to 3.8% from 4.7% a month earlier, the National Statistical Institute says. This is the lowest inflation level for the country since August 2021. Month-to-month,..

published on 2/16/24 9:03 AM

Idea of building a dam and power station on the Danube is being resurrected

Natsionalna Elektricheska Kompania (NEK) together with Romanian company Hidroelectrica has been updating a project for a hydroelectric power plant on the Danube River, situated between Nikopol and Turnu Măgurele, Minister of Energy..

published on 2/14/24 11:05 AM
Andrew Light (L) and Rumen Radev (R)

Bulgaria and USA sign an agreement for cooperation in the construction of two new units at Kozloduy NPP

''The price of electricity from Units 7 and 8 of the Kozloduy Nuclear Power Plant should not exceed EUR 65 per megawatt-hour, which is the average mix for electricity prices in the EU. The financial framework for the construction of Units 7 and 8 at..

published on 2/13/24 9:00 AM