Japan's Sumitomo Electric Bordnetze plans to cease operations at one of its factories in Bulgaria, located in Mezdra, by 2025. Its second factory in Karnobat will continue to operate at reduced capacity, BTA reported. The decision comes as the company..
The Council of Ministers has approved a Memorandum of Understanding between the Government of Bulgaria and Smart Solar Technologies AD to implement a priority investment project for a "Solar Panel and Cell Manufacturing Plant." This project will be..
There has been a s ignificant decline in production and sales , reads the annual survey of the Bulgarian Industrial Association regarding the business climate in 2023. T he least affected are salaries, which in 2023 increase in 71%..
After a dramatic decline in August 2022, one month later there is an albeit slight improvement in the business climate in industry, retail trade and services. At the same time a rise in prices is expected in all economic spheres in the coming..
About 80% ,or nearly 2,500 decares of vineyards in Bulgaria’s Pomorie municipality have been affected or completely destroyed by the big storm and subsequent hail in the Burgas region at the end of last week. And although there is also damage to the..
As a result of effects of the ongoing war in Ukraine, industrial production in the euro area and across the union contracted sharply in March. However, Bulgaria has witnessed a significant production growth. According to Eurostat data, Bulgaria..
