The country's GDP stands at 64% of the European average. Unlike Romania, we have not yet crossed the 70% threshold. What distinguishes Bulgaria from other countries in the region is that they have higher levels of investment, better rule of law, and stable governments, Petar Ganev from the Institute for Market Economics said for BGNES. 75% of people's income comes from the private sector, and 25% from the public sector. 500,000 people are employed in the industry.
''If we want to attract big industrial investors, we need to have industrial zones. We are lagging behind in developing industrial zones. Turkiye is doing better than us. The overall package we offer the investor - industrial zone, location, staff qualification programmes - is still lagging behind", said Petar Ganev.
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..
The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..
The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria, with the minimum wage in the country reaching at least 80% of the subsistence wage by 2027. According..
A concession award procedure for Plovdiv Airport is planned, Deputy Premier and Minister of Transport and Communications Grozdan Karadjov said at a..
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