Bulgaria is interested in participating as a co-shareholder in the initiative to create a "green" corridor for the transmission of "green" energy produced in Azerbaijan to Europe, caretaker Premier Dimitar Glavchev said at a meeting in Berlin with the Minister of Foreign Affairs of Azerbaijan, Jeyhun Bayramov. Premier Glavchev reaffirmed Bulgaria's support for the initiative, in which Georgia, Hungary and Romania also participate alongside Azerbaijan. It is yet to be specified which state company will take part in it on the Bulgarian side.
During the talks, the Vertical Gas Corridor was also discussed, for the construction of which two major contracts were signed a week ago in Sofia. The project aims to replace Russian gas supplies and will cement Bulgaria's place on the gas map. It will serve as a main corridor for the South-North transmission of Azeri natural gas to Central European markets.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
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Urgent reform of Bulgaria's planning districts is needed, local authorities insist.The current regionalization shows increasing economic imbalances in..
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