Podcast in English

Interest in electric cars in Bulgaria has been growing

Despite the high prices, and the, as yet, insufficient number of charging stations and the necessary infrastructure, electric cars have been growing more and more popular in Bulgaria, the website Investor BG writes. According to Investor BG..

published on 1/21/24 9:25 AM

The average Bulgarian gets 92,000-euro home loan and repays it for 25 years

The average amount of newly granted loans secured by residential real estate is steadily rising - from EUR 80 thousand in 2022 to EUR 92 thousand in the third quarter of 2023 under the influence of the price rise of residential properties. The average..

published on 1/19/24 2:14 PM
Vjekoslav Vuković, chairman of the Bosnian Foreign Trade Chamber

Companies in Bosnia and Herzegovina show interest in Bulgarian agriculture and tourism

Bulgaria's experience in the production of agricultural products and the boosting of tourism are of interest to companies in Bosnia and Herzegovina , the chairman of the Bosnian Foreign Trade Chamber, Vjekoslav Vuković , who was in Sofia this week,..

published on 1/19/24 9:49 AM

Bulgarian grain producers ready for protests

Grain producers are ready for protests, it transpired after a meeting of the Board of the National Association of Grain Growers. In a statement, they highlight the difficult situation the sector is facing and the need to take timely measures for its..

published on 1/14/24 10:55 AM

Burgas refinery switches to oil from Kazakhstan, Iraq and Tunisia

According to the London Stock Exchange (LSE), in January Bulgaria replaced imports of Russian oil with imports from Kazakhstan, Iraq and Tunisia , reports BTA, citing Reuters.  Bulgaria has a derogation from the EU embargo against Russia, allowing it..

published on 1/13/24 10:04 AM
8% of Bulgaria’s exports for the EU are by sir and water, the remaining 92% are by land mostly by road

Businesses are not happy with Bulgaria’s accession to the Schengen area by air and water only

The European Commission decision on Bulgaria and Romania’s accession to Schengen by air and by sea at the end of March 2024 triggered some harsh reactions in this country.  President Rumen Radev stated that we are entering 2024 with mixed..

published on 1/12/24 11:28 AM

Bulgaria will remain a net exporter of electricity in 2024

''There is a technological competition to produce cheaper electricity. Bulgaria is part of the regional market and we need to renew our capacities in order to be competitive. The import of electricity is not because there is no capacity, but..

published on 1/12/24 11:20 AM
PM Denkov

High inflation is the only obstacle to Bulgaria’s entry into the Eurozone

We no longer offer the cheapest labor in the EU. With the increase in incomes, we have overtaken Hungary and Bulgaria is now second to last, Prime Minister Nikolai Denkov said at a Facebook briefing. The only thing that stops us for the Eurozone is the..

published on 1/10/24 11:21 AM
Minister of Innovation and Growth Milena Stoycheva

Foreign direct investments exceed EUR 3.5 billion in 2023

According to data of the Bulgarian National Bank, foreign direct investments in the country exceeded EUR 3.5 billion in 2023, Minister of Innovation and Growth Milena Stoycheva said today in Varna, quoted by BTA. The Ministry of Innovation and..

published on 1/9/24 5:13 PM

Bulgarian traders will meet with Turkish manufacturers in Antalya

A trade mission with bilateral meetings between Bulgarian importers, traders and distributors with Turkish manufacturers will be held in Antalya, Turkey, in the period 4 - 7 February 2024.  The initiative is the Bulgarian Chamber of Commerce and..

published on 1/9/24 2:39 PM