According to Eurostat, Bulgaria is first in the EU in terms of industrial production growth with 20.2%. "This became possible because thefts were stopped and an end was put to racketeering and to the extortion of companies," Deputy Prime Minister and Minister of Economy Kornelia Ninova said. She reported historical export growth of 38.8%.
According to experts, the growth was mainly due to the record-high export of defense products to Ukraine, BGNES reports. The National Statistical Institute commented that this was an expected result of inflation. In May 2022, total Bulgarian exports grew on an annual basis by 60.7% to 4.2 billion euros, while total imports grew by 49.3% to 4.6 billion euros.
“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are the motors which can boost the economy, but the fact there is no regular government is an obstacle..
Bulgargaz has reported record interest in its tender for the supply of LNG to the Alexandroupolis terminal for January and February 2025. All nineteen bidders met the criteria set by the company and have been approved to participate in the next..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times . The deal is expected to be announced by the end of..
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