The global company Equinix opened its second data center in Sofia. The investment is to the tune of USD 19 million. Its purpose is to help business adapt easier and quicker to the IT infrastructure. The building will use 100% green energy like the first center of the company built in the Bulgarian capital in 2016. The new facility is expected to encourage investors to expand their business towards Eastern Europe and the Middle East. The center will ensure connectivity between the company and its partners and guarantee easy transition to cloud technologies and access to the markets across the globe. The new facility will allow clients from the region to fulfill their strategy for digital transformation.
The Organisation for Economic Co-operation and Development (OECD) forecasts an acceleration in Bulgaria's economic growth from 1.8% in 2023 to 2.5% in 2024 and to 2.9% in 2025 as public investment increases along with EU funds. OECD expects inflation..
MPs have agreed to extend the 0% VAT on bread and flour, which was due to expire on June 30, until the end of 2024. Under the GERB proposal, traders will be allowed to add a maximum of 15% profit margin on bread, but the proposal is limited to the most..
Bulgargaz expects the price of natural gas next month to be 5 to 6% lower as compared to April. During an open meeting at the Energy and Water Regulatory Commission, the initially proposed price of EUR29.12 per megawatt-hour was reduced to EUR28.36. The..
According to the European Commission's spring economic forecast for this year, inflation in Bulgaria is expected to reach 3.1 % in 2024 and 2.6 % in 2025..
There are over one million inactive persons on the Bulgarian labour market. They don't study, don't work and are not registered with the labour offices...
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