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.
On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech Republic in Sofia, in the presence of Martin Dvořák, Minister of European Affairs of the Czech..
In the space of 15 years, from 2005 until 2020, 75% of the farms in the country have disappeared – from 500,000 in 2005 down to 132,000 in 2020, said Prof. Dr. Bozhidar Ivanov, Director of the Institute of Agrarian Economics at an international..
In October 2024, the total business climate indicator decreased by 5.6 percentage points compared to September, dropping from 22.5% to 16.9%. The index declined in all monitored sectors, the National Statistical Institute announced. In industry, the..
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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