Varna Municipality approved the gratuitous acquisition of 29% of the assets of International Fair Plovdiv which were previously owned by the state. A resolution of the Bulgarian government transferred the ownership to the Black Sea city of Varna. 20% of the state-owned assets were transferred to Plovdiv Municipality, but the municipal councilors of that city refused to acquire those assets, saying that they would agree to acquire 49% of the shares of the emblematic fair. Bulgarian businessman Georgi Gergov is the majority shareholder of the company. The International Fair Plovdiv was founded in 1892 when in August the same year the first Bulgarian agricultural and industrial exhibition was held in Plovdiv. It aimed at stimulating the weak Bulgarian industry and agriculture and at establishing contacts between local and foreign producers. Today the International Fair Plovdiv is among the biggest of its kind in Eastern Europe. It covers an area of 352,000 square meters and consists of 17 multifunctional pavilions.
Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This was made clear at a meeting between the Minister of Economy and Industry, Mr. Petko Nikolov, and..
Housing loans in Bulgaria increased by 24.8% year-on-year, reaching BGN 22.3 billion (EUR 11.4 billion) by the end of June 2024, according to the BGNES news agency. Consumer loans also rose by 14% year-on-year compared to June 2023, reaching BGN..
Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive..
All non-household consumers will be compensated for the high cost of electricity by the end of the year, the government has decided. The European..
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