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European Commission with information campaign on adoption of the euro in Bulgaria

Caretaker Deputy Prime Minister and Finance Minister Lyudmila Petkova, Vice President of the European Commission Valdis Dombrovskis and European Commissioner for Economy Paolo Gentiloni signed, in Luxemburg, a partnership agreement between the..

published on 4/12/24 11:18 AM
Petar Ganev

Political instability deters foreign investment

The country's GDP stands at 64% of the European average. Unlike Romania, we have not yet crossed the 70% threshold. What distinguishes Bulgaria from other countries in the region is that they have higher levels of investment, better rule of law, and..

published on 4/8/24 10:04 AM

Bulgarian company is among the leaders in lavender oil production

Bulgaria is among the largest producers of lavender oil in the world. Nearly 100% of it is export-oriented. The highest demand is in the USA, Germany, France, Austria, The Netherlands, India, Great Britain, Spain, Canada, Marocco,..

published on 4/7/24 8:50 AM
NSI President Assoc. Prof. Dr. Atanas Atanasov

Cumulative inflation for the last 3 years is 30%, NSI President says

The National Statistical Institute (NSI) expects a high evaluation from the inspection of the Organisation for Economic Co-operation and Development (OECD), said NSI President Assoc. Prof. Dr. Atanas Atanasov.  A report will be released by the end..

published on 3/31/24 4:25 PM

Each of us is a potential investor, even with a small amount of our salary

In the modern world, it is no longer enough to know the individual monetary units of countries and to know how their currencies relate to the Bulgarian lev. Converting leva into euros and vice versa is not part of financial literacy in today's extremely..

published on 3/27/24 10:43 AM

OMV Petrom takes over the gas exploration in the Bulgarian Black Sea area

The Romanian company OMV Petrom, which is part of the Austrian OMV, has taken over as operator of the Han Asparuh perimeter in Bulgaria. OMV Petrom replaced Total Energies as the operator of the Han Asparuh deep water perimeter in Bulgaria, according to..

published on 3/27/24 10:30 AM

Bulgaria has the lowest purchasing power in the EU, Eurostat preliminary data shows

Bulgaria's GDP per capita, expressed in purchasing power standards (PPS), remains the lowest in the EU, according to preliminary data from Eurostat, the official European statistics agency. In 2023, the purchasing power of European citizens ranges..

published on 3/26/24 1:40 PM

Parliament approves construction of reactors 7 and 8 of NPP Kozloduy

The National Assembly voted, at second reading, to give the go-ahead to cooperation with the US for the construction of reactors 7 and 8 of the Kozloduy Nuclear Power Plant. Parliament greenlights nuclear project with US technology..

published on 3/21/24 12:03 PM

Public procurement for the expansion of gas pipeline from Greece to Romania announced

"Bulgartransgaz" has announced a public procurement for "Organizational planning, investment design, supply of necessary materials and equipment, construction and commissioning of new facilities for the expansion of the gas..

published on 3/20/24 11:18 AM
Jean-François Dauphin, head of the IMF mission

Bulgaria can become part of the Eurozone in 2025, says IMF's Jean-Francois Dauphin

The head of the regular mission of the International Monetary Fund in Bulgaria, Jean-Francois Dauphin, has presented the results of the review of the Bulgarian economy and financial system . The fund's mission began on March 6 and ends today...

published on 3/19/24 4:32 PM