The pandemic has caused a seven-fold drop in the amount of money that Bulgarians abroad send to their relatives in the homeland. For the first 7 months of 2021, they have transferred just 98 million euros, according to the Bulgarian National Bank. In 2019 Bulgarians abroad sent a record sum of over 1 billion euros to their homeland. The working Bulgarians in the U.S., Germany and Spain sent the biggest sums to their relatives.
"Emigrant money plays a role of a complementary income for many households, especially for the poorer. The money is most often spent on food, fuel, and the purchase of small appliances. The decline would not affect the economy greatly but it would have an impact on household budgets", Adrian Nikolov from the Institute for Market Economy has told Radio Blagoevgrad.
The Council of Ministers has approved a Memorandum of Understanding between the Government of Bulgaria and Smart Solar Technologies AD to implement a priority investment project for a "Solar Panel and Cell Manufacturing Plant." This project will be..
For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..
Natural gas prices are expected to decrease by around 2% in September, according to a forecast by Bulgargaz. This is clear from the request submitted to the Energy and Water Regulatory Commission (EWRC). The company informs that next month, the..
T he LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The..
The final price proposed by Bulgargaz for the sale of natural gas to its customers in October is BGN 63.72 (EUR 32.58) per megawatt-hour before tax. The..
+359 2 9336 661