Investments of over BGN 1 billion were certified last year under the Investment Promotion Act and this is a record amount for the last six years, the Ministry of Economy informs. The 34 projects for which the funds are targeted provide for the creation of nearly 4,500 new jobs.
Only ten of the projects will be implemented in Sofia, and the rest will be carried out across the country, including in three municipalities with above-average levels of unemployment.
The fact that seven projects are allocated for expanding the existing production can be interpreted as an important sign of investor confidence in the business environment in Bulgaria, even in the global crisis, said Economy Minister Lachezar Borisov.
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
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