"Bulgaria has always gladly welcomed honest business practices and German companies that operate in this country have proved that. The Bulgarian government is ready to provide assistance to all investors coming from Germany,” Bulgarian Prime Minister Boyko Borissov said at a meeting with an official delegation of the German Foundation for Family Businesses. The delegation includes nearly 30 representatives of large German family companies working in the sectors of textile industry, agriculture, construction and real estate, corporate investments, production of industrial minerals, electrical engineering, food processing, shipping, chemical industry, etc. The foundation unites 400 large family companies from Germany, with an average turnover of about 1.4 billion euros. Each member company has an average of 6,000 employees. "We see that there is positive development and that this country is going in the right direction," Executive Director of the foundation Stefan Heidbreder said. He pointed out the importance of the high-level delegation, which includes both representatives of companies with an established presence in Bulgaria such as Festo, Quartzwerke and Dr. Oetker, as well as other major German family businesses that show particular interest for investments in this country.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute..
Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the..
If the political crisis continues, the lost benefits will reach a threshold after which the Bulgarian business will begin to lose competitiveness due to..
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