The flow of foreign direct investments to Bulgaria from January to October remained positive, but decreased sharply on an annual basis. Foreign investments reached 1.144 billion euros. This is 1.178 billion euros less than in the same period of 2020. In this way, the volume of investments shrank by 50.7% on an annual basis, according to preliminary data from the Bulgarian National Bank, which are subject to revision after December.
The central bank estimates that in October the flow of foreign direct investment was positive and totalled 238.5 million euros, while a year ago it was also positive in the amount of 119.4 million euros.
Unpredictability in the sphere of energy has a detrimental effect on the Bulgarian economy. "At the moment nobody knows what the price of natural gas is," Dobri Mitrev, chair of the Bulgarian Industrial Association has told BNR, adding..
The European Commission’s intention to impose an embargo on Russian oil, effective by the end of the year at the latest, has sparked strong reactions. Hungary’s Prime Minister Viktor Orban called it an “atomic bomb” on the country’s..
Following the Bulgarian government's refusal to pay for Russian natural gas in rubles, Moscow's decision to suspend supplies was expected. Yet, this has put cabinet of Prime Minister Kiril Petkov in an extremely difficult position with an unclear..
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