The pandemic has caused a seven-fold drop in the amount of money that Bulgarians abroad send to their relatives in the homeland. For the first 7 months of 2021, they have transferred just 98 million euros, according to the Bulgarian National Bank. In 2019 Bulgarians abroad sent a record sum of over 1 billion euros to their homeland. The working Bulgarians in the U.S., Germany and Spain sent the biggest sums to their relatives.
"Emigrant money plays a role of a complementary income for many households, especially for the poorer. The money is most often spent on food, fuel, and the purchase of small appliances. The decline would not affect the economy greatly but it would have an impact on household budgets", Adrian Nikolov from the Institute for Market Economy has told Radio Blagoevgrad.
“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are the motors which can boost the economy, but the fact there is no regular government is an obstacle..
Bulgargaz has reported record interest in its tender for the supply of LNG to the Alexandroupolis terminal for January and February 2025. All nineteen bidders met the criteria set by the company and have been approved to participate in the next..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times . The deal is expected to be announced by the end of..
Partly Cloudy
Mostly Cloudy