The Romanian National Company for Road Infrastructure Administration (CNAIR) has announced a tender for a feasibility study for the construction of a new bridge over the Danube River between Giurgiu in Romania and Ruse in Bulgaria, reports "Economedia". The maximum period for completing the study is 23 months from the contract's effective date.
The maximum cost of the feasibility study is estimated at 71.9 million Romanian lei (EUR14.46 million), which will be funded by EU grants provided through the Connecting Europe Facility (CEF). The documentation for awarding the contract for the feasibility study has been published in the Electronic System for Public Procurement. This will be the third bridge over the Danube between Romania and Bulgaria, "Economedia" recalls.
The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..
Japan's Sumitomo Electric Bordnetze plans to cease operations at one of its factories in Bulgaria, located in Mezdra, by 2025. Its second factory in..
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