90% of the vegetables and fruits sold on the Bulgarian market are imported as production shrinks

Nearly 90% of the vegetables and fruits sold on the Bulgarian market are imported and the local produce was brought down to its knees, Executive Director of Bulgarian Association of the Fruit and Vegetables Producer Organizations Chavdar Marinov..

published on 2/20/19 12:48 PM

Sofia’s Vitosha Boulevard now 47th in world’s most-expensive retail streets ranking

Sofia’s Vitosha Boulevard has been steadily climbing up in the ranking of the most expensive luxury retail streets in the world, and is now 47 th out of a total of 65. This is the highest position a street in Sofia has occupied in the..

published on 2/16/19 1:40 PM

New regulation of business with automobiles in Bulgaria underway

The Bulgarian labor unions have been dealing with the topic related to gray economy, informal employment and non-registered jobs for a long time. One day ago one of Bulgaria’s biggest syndicates the Confederation of Independent Trade Unions in..

published on 2/15/19 1:24 PM

Bulgaria’s economy expected to grow moderately in 2019

Many international research centers and global institutions have already made their winter economic forecasts. The World Bank, the International Monetary Fund and the European Commission recently published their forecasts as well. The..

published on 2/12/19 1:29 PM

Bulgarian company invents world’s smallest cash register

The world’s smallest cash register has become extremely popular amidst businessmen, manufacturers, distributors and traders in Bulgaria. The unique pocket-size cash register was invented be a team of engineers of a leading company on the Bulgarian..

published on 2/9/19 10:30 AM

Extension of Turkish Stream via Bulgaria gets green light

Several days ago Bulgaria successfully completed the third market test for Turkish stream gas pipeline project which makes the outlook for the construction of an extension of Turkish Stream via Bulgaria with a capacity to transit 15.8 billion cubic..

published on 2/4/19 2:06 PM
Companies, producing car spare parts, have opened 20 000 new jobs in Bulgaria

Foreign investments in Bulgaria are insufficient, Bulgarian companies increase investments abroad

In 2018 the foreign investments in Bulgaria dwindled with over half a billion Euro to EUR 800 million, preliminary data (from November 2018) of the Bulgarian National Bank show. Meanwhile, Bulgarian companies invested abroad nearly EUR 280..

published on 1/30/19 12:33 PM
Vladislav Goranov and Valdis Dombrovskis

Bulgaria's Eurozone membership will guarantee the security of the savings of Bulgarian citizens

Bulgaria may join the Eurozone on January 1, 2022 at the earliest, said Bulgaria’s Minister of Finance Vladislav Goranov. He voiced his bold forecast during a civil dialogue on the challenges facing Bulgaria on its road to a future Eurozone..

published on 1/29/19 1:31 PM

Digitization could become next major engine of Bulgarian economy

According to a report by the global consultancy company McKinsey, presented in Sofia last week, digitization could increase Bulgaria's GDP by 8 billion euros by 2025. In relation to this view, Mediapool website commented that digitization could..

published on 1/28/19 3:15 PM

Electronics – Engine of Industry 4.0 in Bulgaria

Intelligent industry, or Industry 4.0, as they called it in Germany back in 2011, includes the most advanced level of automation of manufacturing processes through digital connectivity using computer and internet technologies. On their..

published on 1/22/19 2:54 PM