Investments in Bulgaria saw a 23% increase for the first time since 2009 and reached EUR 1.6 billion, Bulgaria’s Minister of Economy Bojidar Loukarsky said during a National discussion entitled “Yes! To Bulgarian Economy”. According to Eurostat, in 2015 Bulgaria placed first in Central and Eastern Europe in terms of the foreign direct investment/gross domestic product ratio. 25% of the country’s GDP is formed by the industry, which means that Bulgaria’s economy has been developing and that the highly-proclaimed dependence of that country on EU funds is not a main engine of growth. Bulgaria has a huge potential to attract investments in sectors with high added value through encouragement measures under the Investment Promotion Act, mainly in sectors such as machine building, manufacture of car parts, IT and outsourcing, Minister Loukarsky noted.
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate..
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