DB Cargo to revive a plant in Karlovo

DB Cargo , which is the management company for the Rail Freight Business Unit of Deutsche Bahn has entered into a deal to buy the failed Wagon Repair Plant in Bulgaria’s Karlovo. Created in 1964 the plant was declared insolvent in 2013, and bankrupt..

published on 6/15/19 9:30 AM

Is Bulgaria heading towards reduction of value added tax?

The currency board with the Bulgarian national currency being pegged to the Euro, the flat income tax amounting to 10% and the 20% value added tax are among the main pillars of the Bulgarian economy. There are hardly any economists and..

published on 6/11/19 11:32 AM

After a record high in 2018, bank profits in Bulgaria continue ascent

For the first four months of this year banks in Bulgaria are reporting a net profit of 232 million euro /454 million Leva / or 14.5 percent more than in April 2018. Sega newspaper comments that this double-digit..

published on 6/6/19 12:01 PM
Turning of the first sod of the IGB gas interconnector with neighboring Greece

Strategic revival of Bulgarian gas market

It has been a long time since it was so busy in the Bulgarian gas energy market, with many new projects in sight. So far everything has been going smoothly and the focus was on major government projects. In particular, the ambitions of the..

published on 6/4/19 2:55 PM

Construction of Bulgaria-Greece gas interconnector begins under motto Development, Peace and Prosperity

The project for gas interconnector between Bulgaria and Greece, also known as IGB is of key significance for the two countries, as well as for the Balkans and Europe as a whole, because it would contribute to the diversification and the..

published on 5/23/19 2:24 PM

Inflation in Bulgaria reaches five-year high in April

In April 2019 consumer price index (CPI) in Bulgaria increased for the fourth consecutive month, data of the National Statistical Institute show. The average annual inflation for the period May 2018-April 2019 rose 3.3% year on year (as..

published on 5/17/19 1:28 PM

Bulgaria’s Competitive advantages in the Balkans

Bulgaria is a good place for investments compared to the other Balkan countries, the senior economist at the Institute of Market Economics Kaloyan Staykov told Radio Bulgaria. When investors make a comprehensive assessment of the country, they..

published on 5/9/19 1:54 PM

Professor Emilia Chengelova: One in four Bulgarians is employed in gray economy

Between 25% and 30% of all Bulgarians work in the gray economy, a survey of the Bulgarian Academy of Sciences shows. According to the Bulgarian scientists, there are more prerequisites for implementation of gray practices in a less..

published on 4/23/19 1:29 PM

Politicization of energy projects causes problems in the sector

It is high time that politicization of projects in the energy field was reduced – energy experts from Bulgaria, Turkey, Serbia and Russia agreed at a discussion on the development of the gas projects in the Balkans held in Sofia...

published on 4/22/19 1:53 PM

Optimistic forecast for the economy, education retains key role

Expectations of an economic crisis in the coming two years are unfounded. A growth of the economy, though slower, is registered in Bulgaria, as well as in Europe and the US. But even if there were to be another crisis it would open up..

published on 4/19/19 12:25 PM