Parliament has approved an increase in Bulgaria’s shareholding in the capital of the Black Sea Trade and Development Bank. At the beginning of 2023, the bank’s board of governors adopted a strategy for increasing its capital by over EUR 244 million by 2030. To keep its 13.5% shareholding, with EUR 93 million in paid-up capital, Bulgaria needs to pay another EUR 33 million in equal installments up until 2030.
The bank is the financial institution of the Black Sea Economic Cooperation organization and finances regional projects from the public and the private sector. After 1999 it has supported 39 projects in Bulgaria worth EUR 232 million, or 10.5% of all of the bank’s active operations.
The Ukrainian parliament has authorized the purchase of two Russian nuclear reactors from Bulgaria, Euractiv reports. The energy committee of the Ukrainian parliament greenlighted the purchase of two old Russian nuclear reactors to expand the..
Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%. Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in..
Bulgaria can meet the convergence criterion for price stability, needed for entering the Eurozone, in January 2025 and continue to meet it..
"The state should buy Lukoil. Then it can look for partners if it wants. If it wants to operate it on its own, that’s fine too. Bulgarians should have..
Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of..
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