InvestBulgaria Agency has certified this year projects worth close to 300 million leva (150 million euro) which are expected to open more than 4000 new jobs. In the Agency’s estimates projects last year were half this year’s numbers, its Executive Director Stamen Yanev has said. It has already become a tradition to see strong interest in the country’s automotive sector, he added. Over the past five years more than one hundred large companies have started operations in Bulgaria to manufacture components for almost all car brands. The forecast for next year is even better, with 20 projects in the pipeline to the tune of more than 400 million leva (200 million euro) and prospects for opening six thousand jobs. Interest is set to remain strong in seven priority sectors - computer and communications technology, electrical equipment, machinery, textiles and clothing, chemical products and foodstuffs. According to a study of InvestBulgaria Agency, investors have a positive attitude to Bulgaria’s economic prospects. This is mainly due to relatively cheap labor, low taxes and affordable electricity rates.
Caretaker Energy Minister Vladimir Malinov is leaving this week for a working visit to the US, the Ministry of Energy has announced. The purpose of the visit is to hold consultations on the US-Bulgarian project for the construction of nuclear..
Since 2007, when Bulgaria joined the EU, real incomes in the country have more than tripled. Purchasing power has increased by 20%. This is according to the Ministry of Finance. In 2006, the interest rate on mortgage loans in the country was 8%, now..
The caretaker cabinet has provided almost 80 million Leva (EUR 40 million) in additional funding for salaries for public universities , the government press service has announced. State universities announce protest readiness The..
Caretaker Minister of Education Galin Tsokov has assured that the nearly 20 million euros earmarked in the budget for higher education..
Caretaker minister of tourism, Evtim Miloshev, predicts that the number of tourists in this country will grow by at least 10% during..
There will be no significant rise in the price of electricity for household users, said caretaker Energy Minister Vladimir Malinov. Kozloduy..
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