Podcast in English

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

IT sector in Bulgaria sees growth in employees, attracts specialists from abroad

The software industry is the most socially responsible business sector in Bulgaria. It brings taxes and insurances that are three times higher than the average for the country, drives consumption in the economy, is a major investor in changing the..

published on 12/4/23 1:55 PM

How do Bulgarian and Romanian businesses view bilateral relations

Infrastructure projects between Bulgaria and Romania are not progressing very rapidly due to the complex regulatory framework, but they are nevertheless moving forward. This was stated for Radio Bulgaria by Doru Dragomir - head of the Romania-Bulgaria..

published on 11/29/23 3:52 PM
Dimitar Radev

The BNB recommends a 10% buffer in the 2024 budget

GDP growth in Bulgaria will be 1.9% in 2023, slowing to half the 3.9% rate in 2022. Domestic demand and net exports will contribute to growth. Annual inflation will be 6.1 per cent. These are the expectations of analysts at the Bulgarian National Bank..

published on 11/28/23 2:26 PM

S&P revises outlook for Bulgaria’s credit rating from stable to positive

The international rating agency "Standard & Poor's" revised the outlook for Bulgaria's credit rating to positive from stable, confirming Bulgaria’s long-term and short-term credit rating in foreign and local currency at 'BBB/A-2'. the..

published on 11/25/23 11:50 AM
Finance Minister Assen Vassilev (R) and his deputy Georgi Klisurski hold a press conference to announce the proposed budget for 2024.

Government adopts final version of Budget 2024

The government approved the draft budget of Bulgaria for 2024 and the updated budget forecast for the period 2024-2026. The draft law foresees a deficit of 3% and economic growth of 3.2% . Average annual inflation is expected to be 4.8 per cent and..

published on 11/24/23 5:54 PM

MPs vote amendments to shed light on economy

GERB and the Movement for Rights and Freedoms have presented conditions to Finance Minister Assen Vassilev and “We Continue Change – Democratic Bulgaria” coalition, after which they would support amendments to tax laws in the second..

published on 11/24/23 2:31 PM