The State Oil Company of Azerbaijan (SOKAR) opened an office in Sofia at the end of April. SOKAR's office is the headquarters not only for Bulgaria, but for the whole region, the Ambassador of Azerbaijan to Bulgaria H.E. Huseyn Huseynov said for Euronews Bulgaria.
''If a proposal for the acquisition of the Burgas refinery is sent, SOKAR and the state will consider it. There are possibilities, but there is no specific proposal. There has to be a concrete proposal from Sofia so that we can make an offer", Huseyn Huseynov said. "We have always supported the idea of Bulgaria being both an energy hub and a transport hub", said Ambassador Huseynov. Bulgaria is expected to become a gas distribution point in Europe under the Solidarity Ring contract, Ambassador Huseynov recalled.
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year. As of September 30, 2024, the number of..
There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..
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 Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change..
Mostly Cloudy
Partly Cloudy