The business environment in Bulgaria has deteriorated further. We insist that the National Economic Council be convened, the President of the Bulgarian Industrial Capital Association Vasil Velev said for the BNR. Businesses in Europe receive compensations when electricity prices cross a certain threshold, while in Bulgaria this is not the case. "The retail price of electricity for households is lower than the wholesale electricity prices for the industry, while in Europe the average retail price of electricity for households/ wholesale price for the industry ratio is the opposite", added Vasil Velev.
In his view, the coal industries should be replaced by photovoltaics. "However, Bulgaria may lose European co-financing for this transition if it continues to delay its Recovery and Resilience Plan", Vasil Velev said. In the coming years, this country’s labor market will continue to lose 40 thousand people on an annual basis, the President of BICA predicted.
Bulgarian timber, rather than imported wood, is the primary raw material for the wood processing and furniture industry in Bulgaria, caretaker Deputy Minister of Agriculture, Food and Forestry Miroslav Marinov said at the official opening of the 20 th..
In 2021, the value added of the EU’s information and communication technology (ICT) sector was equivalent to 5.5% of the EU’s gross value added: 4.7% from ICT services and 0.8% from ICT manufacturing, Eurostat data show. Bulgaria is among the 3 EU..
The Dairy Union of Ukraine plans to double the export of raw materials on the Bulgarian market. This was made clear during the first meeting of the organization with the Bulgarian Association of Dairy Processors in Veliko Turnovo, BNR’s..
For the early parliamentary elections in Bulgaria and the elections for European Parliament, which will be held on June 9, at this stage it is planned to..
On Tuesday the minimum temperatures in Bulgaria will be between 6 and 11°C, in Sofia - about 7°C. During the day it will be cloudy and rainy. In western..
After 4 years of investigation, the Sofia City Prosecutor’s Office has submitted to court the indictment against former gambling mogul Vassil Bozhkov,..
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