Podcast in English

Minister Bogdanov

Large investment in the automotive industry expected at the beginning of the New Year

An investment of more than 600 million euros in the field of production of critical components for the automotive industry is expected to be made at the beginning of the New Year. "The Western European investor, which has..

published on 12/27/23 11:53 AM
Ambassador of Azerbaijan to Bulgaria H.E. Huseyn Huseynov

SOKAR would consider buying the oil refinery in Burgas

The State Oil Company of Azerbaijan (SOKAR) opened an office in Sofia at the end of April. SOKAR's office is the headquarters not only for Bulgaria, but for the whole region, the Ambassador of Azerbaijan to Bulgaria H.E. Huseyn Huseynov said for..

published on 12/24/23 12:31 PM

Take a look at the most preferred sectors for investments in Bulgaria in 2023

One of the biggest changes in the Bulgarian economy following the 2008 world economic crisis is that export-oriented industries have become the motor of economic growth in the country.  A large portion of the investments made in this country are..

updated on 12/20/23 1:12 PM

BIA survey shows decline in production and sales

There has been a s ignificant decline in production and sales , reads the annual survey of the Bulgarian Industrial Association regarding the business climate in 2023. T he least affected are salaries, which in 2023 increase in 71%..

published on 12/18/23 11:18 AM

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