According to estimates of the Bulgarian Industrial Capital Association, the national economy is to lose between EUR 150 million and EUR 200 million in 2016 due to the long holidays. The employers calculate that due to the mergers of the holidays and the working days between Easter and St George’s Day, as well as around May 24 (The Day of Culture and Slavic Script), there are 18 working days and 13 holidays this month. Only 8% of the Bulgarian companies, mainly in the transport and tourism field, are to benefit from the long holidays. However, the rest of the industry is to experience difficulties, because after the holidays they have to put additional pressure to their employees, in order to meet their targets. Even if shops are open throughout the holidays, the employers are to incur losses, because most of their clients spend the holidays outside the cities. Meanwhile, the companies abroad are functioning at full capacity, the Bulgarian employers complain.
The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..
T he LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The..
The final price proposed by Bulgargaz for the sale of natural gas to its customers in October is BGN 63.72 (EUR 32.58) per megawatt-hour before tax. The..
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