One of the largest Bulgarian companies for repairing civil aviation aircraft has chosen Burgas for a major investment in aircraft repair and maintenance, the Municipality of Burgas announced. The company will build one of the largest hangar complexes in the country with a capacity for 7 production lines. It will be located in the Burgas Airport area and will span more than 7 acres. Additionally, an aircraft engine repair plant will be built for EUR 15 million. The total investment amounts to EUR 60 million. 500 highly skilled jobs will be created in the first stage. A total of 1,500 jobs will be opened in the final stage.
The complex is expected to be operational within 3 years. Another 5,000 jobs may be created in supporting businesses, the company stated. Currently, it services Airbus A320 CEO, Boeing 737 Classic/NG and Boeing MD-80 Series.
The total output at basic prices from the agriculture sector in 2024 amounts to €4,970.1 million, which is 7.9% less compared to the previous year. This decline is due to two main factors: a 3.2% decrease in the quantity of agricultural..
One of the largest cargo ships in the world docked for the first time at the Port of Varna, delivering 58,000 tons of rapeseed, BGNES reported. The shipment arrived from Canada and will be refined in Bulgaria. The delivery was made due to a..
Fitch Ratings has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a Positive Outlook, reported BTA. ''Bulgaria's ratings are supported by its strong external and public finance balance sheets versus..
The Bulgarian National Bank (BNB) has revised upwards its expectations for Bulgarian economic growth in 2025 but lowered its GDP growth forecast for..
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