Podcast in English

Apocalyptic forecasts for Bulgarian economy in case of drastic fuel price rise

Unpredictability in the sphere of energy has a detrimental effect on the Bulgarian economy. "At the moment nobody knows what the price of natural gas is," Dobri Mitrev, chair of the Bulgarian Industrial Association has told BNR, adding..

published on 5/12/22 1:35 PM

As oil prices rise, small petrol stations in Bulgaria struggle to survive

The European Commission’s intention to impose an embargo on Russian oil, effective by the end of the year at the latest, has sparked strong reactions.   Hungary’s Prime Minister Viktor Orban called it an “atomic bomb” on the country’s..

published on 5/10/22 12:00 PM

The spiking natural gas prices will not only lead to bankruptcies of enterprises, but also of many Bulgarians

Following the Bulgarian government's refusal to pay for Russian natural gas in rubles, Moscow's decision to suspend supplies was expected. Yet, this has put cabinet of Prime Minister Kiril Petkov in an extremely difficult position with an unclear..

published on 5/5/22 2:05 PM

The EU blue card – a way to “import” highly-qualified specialists from non-EU countries

One-third of Bulgaria’s workforce will be off the market of labour by 2050, as they will have reached retirement age, according to a joint report of the National Employment Agency, the European Commission and the Organization for..

published on 5/4/22 11:30 AM

EUR 100 million to be invested in the construction of the largest logistics base in the Balkans

Bulgaria’s Deputy Premier and Minister of Economy Kornelia Ninova visited the Sofia-Bozhuristhe Industrial Zone. EUR 100 million will be invested in the construction of the largest logistics base in the Balkans. The investment is expected to create..

published on 5/2/22 4:55 PM

Inflation and gas shortage – a dangerous combination

In March inflation in Bulgaria hit a fourteen-year peak of 12%, data of the National Statistical Institute show. In one month only, consumer prices increased with 2.2%, transport costs rose by 7.9% and food prices went up by 3.3%. The price of..

published on 4/28/22 1:18 PM

Full capacity of gas interconnector with Greece has been reserved

“92% of the Gas Interconnector Greece-Bulgaria, ICGB, is ready. The interconnector will be ready by the end of June, and will be tested with gas as of July,” Teodora Georgieva, Bulgarian Executive Officer of the company ICGB which is constructing..

published on 4/28/22 10:53 AM

Bulgaria will not hold talks with Gazprom under pressure

Natural gas is being used as a political and economic weapon, Bulgarian Minister of Energy Alexander Nikolov said, commenting on halted gas deliveries from Russia. Russia suspends natural gas supplies to Bulgaria "As..

published on 4/27/22 12:58 PM

Inflation, good harvests and high rental rates make price of agricultural land jump

The most expensive Bulgarian agricultural land in Dobrudzha has reached a new peak in the price of over 2,000 euros per decare in some deals, real estate brokers in Dobrich region have told BTA. There is great interest in agricultural land as the..

published on 4/22/22 11:16 AM

High fuel prices – an ordeal for small and medium-sized traders in the sector and for carriers

A survey by German automobile club Automobilclub von Deutschland , one of the biggest in the country, shows that current fuel prices in Bulgaria are among the highest in Europe in comparison with the standard of living. Bulgaria is in third..

published on 4/21/22 11:10 AM