After Bulgaria joins the Schengen area and the Eurozone we expect the GDP to go up by 5% in the first 1-2 years, said Minister of Economy Bogdan Bogdanov for public service TV BNT. He pointed out that the most important mission for 2024 remains accession to the Schengen area by land.
The State Consolidation Company, SCC, comprises 16 companies, Minister Bogdanov said further. The SCC has put up many of these companies as collateral for credits, among them LB Bulgaricum, the Institute for Military Research in Kazanlak, Kintex, Avionams. “Kintex is even on the list of companies which cannot be put up for privatization,” Bogdan Bogdanov said. “How can we shut down the State Consolidation Company at a time these companies have been put up as collateral and can be sold off? Our aim is to get them released,” Minister Bogdanov said.
Bulgarian protein bar manufacturer Healthy Bars is planning to build a new factory in the capital's Vrabnitsa district. The Regional Inspectorate for Environment and Water has already been notified of the intention, and the company has announced that..
As of October 1, the BNB has tightened the criteria for banks when granting mortgage loans. The central bank's decision comes after an analysis that shows significant credit growth in the segment and its acceleration in the second quarter of the year...
Bulgaria and China established diplomatic relations 75 years ago – in 1949. A year later, the People’s Republic of China and the People’s Republic of Bulgaria, as this country was then called, exchanged ambassadors, developing full-scale relations –..
T he LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The..
The final price proposed by Bulgargaz for the sale of natural gas to its customers in October is BGN 63.72 (EUR 32.58) per megawatt-hour before tax. The..
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