The country's GDP stands at 64% of the European average. Unlike Romania, we have not yet crossed the 70% threshold. What distinguishes Bulgaria from other countries in the region is that they have higher levels of investment, better rule of law, and stable governments, Petar Ganev from the Institute for Market Economics said for BGNES. 75% of people's income comes from the private sector, and 25% from the public sector. 500,000 people are employed in the industry.
''If we want to attract big industrial investors, we need to have industrial zones. We are lagging behind in developing industrial zones. Turkiye is doing better than us. The overall package we offer the investor - industrial zone, location, staff qualification programmes - is still lagging behind", said Petar Ganev.
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..
Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the Chaco province to Bulgaria at the beginning of November . High-ranking officials from the..
Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...
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