The war in Ukraine caused panic on the Bulgarian capital market. Sofia bourse's SOFIX index fell 7.6% to 533.29 after 1 hour of trading on March 7. This is the biggest drop for the last 9 months. It surpassed the previous low on January 11, 2021, when SOFIX fell to 650.71 points, investor.bg reported.
European bourses opened in the dark red in anticipation of a possible EU ban on Russian oil imports.
“Sanctions and the war in Ukraine affect the economy unpredictably - Innovation and Growth Minister Daniel Lorer told an economic forum in Varna. - I only dare say that they will speed the transition of Europe to alternative energy sources.”
According to Lorer, cutting off Russian gas supplies would be the last instrument of sanctions.
It is extremely concerning that the largest company in Bulgaria, Lukoil Neftohim, which is part of the country's critical infrastructure, is still in the hands of a country that has declared Bulgaria a hostile state. This opinion was shared by energy..
“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all criteria yet for entering the Eurozone,” Lyubomir Karimansky, member of the Governing Council of the..
Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of the German-Bulgarian Chamber of Industry and Commerce. At a ceremony held at the University of..
In 2024, the average gross annual salary in Bulgaria is 27,881 BGN (EUR 14,255), according to preliminary data from the National Statistical Institute...
Bulgaria has favorable climatic conditions for producing electricity from the su n, even in the transitional seasons of spring and autumn. One of the..
A Bulgarian-Greek Business Forum with the participation of nearly 60 companies from both countries has opened today in Sofia . The forum is organized by..
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