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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..

12.01.24 11:28 |

Pensions in Bulgaria are received for the shortest period on average in EU

Bulgaria is the European Union member country where pensions are received for the shortest amount of time. The payment of retirement pensions in EU member states continue between 15 and 25 years, on average. In Bulgaria, men receive a pension for an..

09.01.24 16:45 |

Bulgarian economy is growing at a higher rate than EU average, but this is still not enough

The economic situation in Bulgaria calmed down at the end of 2023 after the uncertainty during the year, caused by the political situation and the lack of a budget until the end of July. This is what Lachezar Bogdanov, Chief Economist at the Institute..

08.01.24 15:51 |

Foreign Minister thanks Spanish Presidency for helping Bulgaria join Schengen zone

Deputy Prime Minister and Minister of Foreign Affairs Mariya Gabriel expressed her gratitude to the Spanish EU Presidency for the excellent cooperation on the accession of Bulgaria to the Schengen Area.  In a Facebook post, she noted that "Protect,..

01.01.24 16:06 |

BSP writes to EU ambassadors about “anti-democratic practices in the country”

In a letter to the ambassadors of the countries of the European Union, the Bulgarian Socialist Party (BSP) expresses its disagreement with the development of the political processes in the country and “the distancing of the country from the..

16.12.23 11:14 |

Bulgaria will use the European Commission as mediator in Schengen negotiations

"The strategy is to negotiate on the land borders; we have prepared a proposal that we are to send to Austria. We will use the European Commission as a mediator," Prime Minister Nikolai Denkov said in Brussels. Hungary has said that if we did not remove..

14.12.23 13:08 |

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..

13.12.23 10:49 |

Bulgaria and four other countries want European aid for farmers to continue in 2024

A meeting of the five member states most affected by Ukrainian imports - Bulgaria, Romania, Poland, Hungary and Slovakia, is upcoming, Minister of Agriculture Kiril Vatev said. Representatives of the Member States will insist on..

11.12.23 14:48 |

CESMA President Dimitar Dimitrov: Steps should be taken through EU and NATO to help the hijacked ship Galaxy Leader

The Yemeni Houthi have permitted the crew of the hijacked ship Galaxy Leader in the Gulf of Aden to contact their families, said the movement’s spokesman Mohammed Abdul-Salam, the Bulgarian news agency BTA reports. Yemeni separatists seize..

30.11.23 09:46 |

Athens: Bulgaria and Greece get most funds in EU to manage migration flows

Greece and Bulgaria will receive the most emergency funds from the European Commission to manage migration flows, the Ministry of Migration in Athens has announced. Greece will receive €42.400 million and Bulgaria €37.300 million in special funds to deal..

13.11.23 18:31 |
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