At the annual Innovations BG forum, President Rumen Radev called for a new model of financing of innovations, especially at SMEs.
“Bulgaria is in 37th position in the Global Innovation Index 2020. This is a marked improvement on 2012, whereas in development of the digital infrastructure the country is among the fastest developing business hubs in Europe,” President Radev said.
“But the country is still being placed among the “timid innovators” of Europe. Even though the planned national expenditure for research and development is 1.5% of the GDP, in 2019 it amounted to only 0.84%, whereas inthe EU countries it is over 3% of the GDP,”President Radev said.
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..
Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits grew by EUR 1.35 billion or by 1.8%. The rise is mainly due to increased household deposits, the..
+359 2 9336 661