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Bogdan Bogdanov

The State Consolidation Company has put up state-owned companies as credit collateral, economy minister says

After Bulgaria joins the Schengen area and the Eurozone we expect the GDP to go up by 5% in the first 1-2 years, said Minister of Economy Bogdan Bogdanov for public service TV BNT. He pointed out that the most important mission for 2024..

published on 1/9/24 12:05 PM

Bulgarian economy is growing at a higher rate than EU average, but this is still not enough

The economic situation in Bulgaria calmed down at the end of 2023 after the uncertainty during the year, caused by the political situation and the lack of a budget until the end of July. This is what Lachezar Bogdanov, Chief Economist at the Institute..

published on 1/8/24 3:51 PM

As minimum wage rises, Bulgarians' hopes for better purchasing power grow

2024 has begun with many changes in the incomes of Bulgarian citizens.  The minimum wage is now EUR 477.04, an increase of 19.6% or EUR 78.23 compared to last year. The minimum hourly wage is 2.85 EUR. The minimum selected monthly social security income..

published on 1/8/24 1:31 PM
Bogdan Bogdanov

State Consolidation Company will be closed or restructured

In 2024, the priority is the future of state-owned enterprises, through restructuring or perhaps closing the State Consolidation Company, Minister of Economy Bogdan Bogdanov said at a briefing.  State enterprises can no longer..

published on 1/8/24 1:22 PM

Property in Bulgaria is among the cheapest in Eastern Europe

Plovdiv, Burgas, Varna and Sofia are among the top 30 of 150 European cities in terms of real estate affordability, Dobromir Ganev of the National Real Estate Association told Radio Sofia. Bulgaria is the most affordable property investment..

published on 1/5/24 6:31 PM
The reverse design of the coins is based on a miracle-working icon of the Virgin Mary - Golden Apple, which is kept at a church in Asenovgrad (South Central Bulgaria).

BNB puts into circulation four new gold coins St. Mary - Golden Apple

The Bulgarian National Bank today issued a set of four gold commemorative coins with the theme "St. Mary - Golden Apple" in different denominations. Until January 4, each customer can buy a maximum of 2 coins of each denomination, after which the coins..

published on 1/2/24 7:10 AM
Finance Minister Assen Vassilev

Finance Minister Assen Vassilev expects the deficit to be lower than planned

Preliminary data on the implementation of the budget show that the deficit will be lower than planned, Bulgaria’s Minister of Finance Ass en Vassilev said in parliament. "I expect the deficit to be 2.5%, not 3%. This will leave EUR 500..

published on 12/29/23 9:23 AM
Minister Bogdanov

Large investment in the automotive industry expected at the beginning of the New Year

An investment of more than 600 million euros in the field of production of critical components for the automotive industry is expected to be made at the beginning of the New Year. "The Western European investor, which has..

published on 12/27/23 11:53 AM
Ambassador of Azerbaijan to Bulgaria H.E. Huseyn Huseynov

SOKAR would consider buying the oil refinery in Burgas

The State Oil Company of Azerbaijan (SOKAR) opened an office in Sofia at the end of April. SOKAR's office is the headquarters not only for Bulgaria, but for the whole region, the Ambassador of Azerbaijan to Bulgaria H.E. Huseyn Huseynov said for..

published on 12/24/23 12:31 PM

Take a look at the most preferred sectors for investments in Bulgaria in 2023

One of the biggest changes in the Bulgarian economy following the 2008 world economic crisis is that export-oriented industries have become the motor of economic growth in the country.  A large portion of the investments made in this country are..

updated on 12/20/23 1:12 PM