Bulgarian-North Macedonian business forum will be held in early December in Skopje. In 2022, bilateral trade is expected to exceed 1 billion euros, compared to 747 million euros in 2021.
For the first 8 months of 2022, the turnover has already reached over 711 million euros. Bulgaria is the fifth largest trading partner of North Macedonia after Germany, Great Britain, Greece and Serbia. Bulgarian business has good positions in North Macedonia in the spheres of banking and insurance, in mining and processing industry, as well as in the IT sector.
Trade growth has been hampered for years by poor infrastructure connectivity between the two neighboring countries, businesses complain.
The Organisation for Economic Co-operation and Development (OECD) forecasts an acceleration in Bulgaria's economic growth from 1.8% in 2023 to 2.5% in 2024 and to 2.9% in 2025 as public investment increases along with EU funds. OECD expects inflation..
MPs have agreed to extend the 0% VAT on bread and flour, which was due to expire on June 30, until the end of 2024. Under the GERB proposal, traders will be allowed to add a maximum of 15% profit margin on bread, but the proposal is limited to the most..
Bulgargaz expects the price of natural gas next month to be 5 to 6% lower as compared to April. During an open meeting at the Energy and Water Regulatory Commission, the initially proposed price of EUR29.12 per megawatt-hour was reduced to EUR28.36. The..
The Institute for Market Economics has reported that it took 134 days for working Bulgarians to pay their debts to the treasury...
In the first quarter of 2024, the country’s real GDP growth is expected to accelerate, which is a prerequisite for similar annual dynamics, the..
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