Gas transmission to Serbia, Hungary and Romania resumed at midnight, Bulgartransgaz announced. This happened after the end of the repair works on the damaged gas pipeline near the village of Vetrino. Gas transmission was temporarily suspended on November 1.
The Embassy of the Russian Federation in Sofia has confirmed that Gazprom has increased gas supplies at favorable prices to Bulgaria at the request of Bulgaria’s cabinet. In November, the cost of gas for Bulgaria dropped to EUR 46.55 per MWh, which is about half the average gas price in Europe, the embassy’s announcement reads.
According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for the..
The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..
The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..
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