Bulgarian construction companies are ceasing operation due to the high prices of steel and construction steel rods. Some companies may even face bankruptcies.
Sales of raw materials have been suspended since the beginning of March due to the war in Ukraine. The price of 1 ton of reinforced iron bars has soared from EUR 741 to EUR 1,050. Imports from the major suppliers (Ukraine and Russia) was suspended two weeks ago. Stockpiles are insufficient. Brick manufacturers have also reduced sales due to the high prices of electricity and natural gas.
The mechanical engineering sector is also experiencing serious difficulties. Machine builders are concerned that other foreign suppliers are also halting exports due to the international uncertainty.
The Bulgarian Socialist Party (BSP) insists that the Ministry of Foreign Affairs summons the Ambassador of the Republic of North Macedonia to explain comments made by North Macedonia’s Deputy Premier Aleksandar Nikoloski. In a TV interview he called..
Bulgaria is among the top 5 countries in the EU in terms of growth in the number of nights spent by visitors in the period Apr-June 2024 compared to the same period in 2023, Eurostat said. The data show that the country is establishing itself as a..
Parliament has adopted, in first reading, amendments to the Tourism Act that regulate the criteria for the designation of National Resorts. The designation will be made by a decision of the Council of Ministers on the proposal of the Minister of..
MEP Elena Yoncheva is in the city of Sanaa, Yemen, aiming to reach the port city of Hodeidah on the Red Sea. There lies the hijacked ship Galaxy Leader,..
In response to media reports that a company registered in Bulgaria supplied pagers to the Lebanese organization Hezbollah, which were subsequently..
The Council of Ministers has granted the Kozloduy Nuclear Power Plant a derogation from the European regulation on restrictive measures in light of..
+359 2 9336 661