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Inflation rate in Bulgaria continues slowdown in January

The annual inflation in Bulgaria slowed down significantly in January, 2024, down to 3.8% from 4.7% a month earlier, the National Statistical Institute says. This is the lowest inflation level for the country since August 2021. Month-to-month,..

published on 2/16/24 9:03 AM

Idea of building a dam and power station on the Danube is being resurrected

Natsionalna Elektricheska Kompania (NEK) together with Romanian company Hidroelectrica has been updating a project for a hydroelectric power plant on the Danube River, situated between Nikopol and Turnu Măgurele, Minister of Energy..

published on 2/14/24 11:05 AM
Andrew Light (L) and Rumen Radev (R)

Bulgaria and USA sign an agreement for cooperation in the construction of two new units at Kozloduy NPP

''The price of electricity from Units 7 and 8 of the Kozloduy Nuclear Power Plant should not exceed EUR 65 per megawatt-hour, which is the average mix for electricity prices in the EU. The financial framework for the construction of Units 7 and 8 at..

published on 2/13/24 9:00 AM

Bulgarian business will need half a million new specialists in the next five years

In the medium term, employers expect high economic growth and will need 243,000 professionals with higher education and 245,000 with secondary education. 194,000 people will be needed in the spheres trade, tourism and transport. The..

published on 2/12/24 11:28 AM
Iliya Prodanov

Farmers want to negotiate personally with Minister of Finance

We made the necessary compromises when we wrote the declaration with our demands, so we are not ready for more compromises, Iliya Prodanov, chairman of the Association of Grain Producers, said before entering the government building..

published on 2/4/24 5:46 PM

The majority of Bulgarians find it hard to make ends meet with less than EUR 500 a month

The cost of living for a three-member family increased by 78 euros year-on-year. A three-member family of two employed people and a child needed EUR 1,307 of net monthly income at the end of 2023. However, two-thirds of Bulgarians receive payments..

published on 2/1/24 3:03 PM

NSI: Business sentiment improves at the beginning of the year

In January 2024, the business sentiment in the country improved due to the improvement of the business climate across all observed sectors . In industry and construction, there are expectations for some price increases in the next three months, while..

published on 1/30/24 12:36 PM

Bulgarian Chamber of Shipping: Development of offshore wind farms should not be at the expense of fisheries

The development of offshore wind farms should not be at the expense of fisheries, the Bulgarian Chamber of Shipping (BMC) said in a press release. There is a need for refinement of the texts adopted at first reading to the Renewable Energy in..

published on 1/29/24 11:08 AM

Sofia - leader in terms of foreign investments, Devnya - per capita

By the end of 2022, the total value of accumulated foreign investments in Bulgaria reached 29.4 billion euros , which is approximately 1.3 billion more than in 2021. It is expected that almost half - 14.9 billion euros - of these investments are in..

published on 1/28/24 3:02 PM

Loan lending for households in Bulgaria might be tightened, says BNB governor

Lending loans to households may be tightened following an analysis of data for the first quarter of this year. This was stated by the Governor of the Bulgarian National Bank, Dimitar Radev, in an interview for the BNR. According to him, such measures..

published on 1/28/24 10:50 AM