With the efforts of Bulgaria and seven other EU Member States, the weakened version of the new Euro 7 standard for emissions from gasoline and diesel engines has been adopted.
Italy, Bulgaria, the Czech Republic, France, Hungary, Poland, Romania and Slovakia opposed the initial project, as unrealistic and with a negative impact on investments in the automotive sector in the transition to electric cars. France and Italy, which have powerful auto industries, said the standard threatened European competitiveness in a sector that employs 14 million Europeans. Euro 7 will replace Euro 6 from 2025 and will be mandatory for all new vehicles sold. It also introduces higher standards for car batteries.
At the Competitiveness Council in Brussels, Deputy Minister of Economy and Industry Ivaylo Shotev pointed out that the accessibility to electric cars varies in different EU countries and that Euro7 will increase the demand for second-hand cars.
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..
Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the Chaco province to Bulgaria at the beginning of November . High-ranking officials from the..
Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...
More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the..
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