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A Bulgarian winemaker will make wine in New Zealand

A Bulgarian company will make wine in New Zealand, money.bg reports. All technologists from the Bulgarian wine cellar are people who are open to the world and share one dream – of making wine in different parts of the world. Experts say that in..

published on 12/17/23 9:45 AM

Higher profit tax for companies with annual turnover of more than 750 million euros

Large business to pay 5% additional profit tax, but with a relief of 8% if it invests in tangible fixed assets. This is what the parliament decided at the second reading of changes to the Corporate Income Tax Act. The project proposed by the..

published on 12/13/23 10:49 AM
PM Denkov (right)

Belgian consortium plans to invest over 1 billion euros in battery production in Bulgaria

A Belgian consortium intends to invest in Bulgaria up to 1.1 billion euros in the production of lithium-ion batteries for cars . This was announced by Prime Minister Nikolay Denkov after a meeting in the Council of Ministers with representatives of the..

published on 12/12/23 6:02 PM

Average salary in Bulgaria reaches 1022.58 EUR

In the third quarter of 2023, the average salary for Bulgaria rose to BGN 2,000 (1022.58 euro). The increase on an annual basis is 14.7%, according to the data of the Ministry of Labour and Social Policy.  The highest average salary is in the..

published on 12/12/23 5:46 PM

Investments from the USA in Bulgaria are higher than official figures

Investments from the USA and Canada in Bulgaria are larger in size and effect than official statistics report. This is indicated by the second study of the Institute for Market Economy in the last 5 years.  For a number of reasons, many global..

published on 12/11/23 11:50 AM

IMF: Bulgaria should bring inflation to levels that meet the requirements for adopting the euro

I hope that the authorities in Bulgaria will manage to bring inflation in the country to levels that meet the requirements for adopting the euro, the Executive Director of the International Monetary Fund for Bulgaria, Paul Hilbers, said for BNT...

published on 12/10/23 10:48 AM
Minister of Economy Bogdan Bogdanov (C) with representatives of a Korean corporation in South Korea.

Korean technology giant interested in joint projects with Bulgaria

Minister of Economy and Industry Bogdan Bogdanov has discussed new areas of cooperation and implementing joint projects in Bulgaria with the Vice-President of a Korean technology giant, the Ministry of Economy and Industry said.  The company is a..

published on 12/9/23 4:51 PM

Bulgaria and Japan discuss new common economic priorities

The priorities for development between Bulgaria and Japan were discussed at a meeting in Tokyo by the Minister of Economy and Industry Bogdan Bogdanov and his Japanese counterpart Nishimura Yasutoshi.  Bogdanov emphasized that Bulgaria is becoming..

published on 12/6/23 11:58 AM
Dimitar Radev, governor of the Bulgarian National Bank

Bulgarian National Bank, commercial banks work to make Bulgaria ready for the euro

On Banker's Day, December 6, the governor of the Bulgarian National Bank (BNB), Dimitar Radev, congratulated all those working in the  banks in the country.  "The banking sector continues to be in a very strong condition and is a major factor in the..

published on 12/6/23 9:25 AM

It is a myth that Bulgaria has the largest grey economy in the EU

The level of the formal economy in Bulgaria is rising at a pace that brings it closer to the European benchmark of 85%. According to a study by the Bulgarian Industrial Capital Association (BICA), the formal sector increased by 23% in the last 12..

published on 12/5/23 10:57 AM