Bulgaria’s Premier Boyko Borissov, Bulgaria’s Minister of Foreign Affairs Ekaterina Zaharieva and that country’s former President Rossen Plevneliev (2012-2017) unveiled in the town of Pazardzhik a factory for manufacture of car parts. Premier Borissov greeted the investors and pointed out that nearly 40,000 jobs have been created in the automotive industry in the recent years, Boyko Borissov added that another factory for car parts will be opened soon in the city of Pleven (Central North Bulgaria) which will employ nearly 8,000 people. The new factory in Pazardzhik is the third production facility of Kostal Group in Bulgaria and part of the strategy aimed at expanding production capacity for the needs of the European market. Nearly 1.300 people are expected to be employed at the new factory in Pazardzhik.
According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for the..
The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..
The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..
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