Podcast in English

author: Vladimir Subev

Fuses blowing…

The independent energy regulator in Bulgaria which sets down the cost of electricity twice a year has decided to up prices as of July 1 by 2 percent for households and almost 20 percent for businesses. This raised a wave of discontent in business..

22.06.15 12:13 |

Electricity prices rise, Bulgaria’s power engineering is in urgent need of EUR 500 million

Recently it became clear that Czech energy company Energo-Pro, which supplies electricity to Northeastern Bulgaria, has filed an arbitration claim against Bulgaria at the World Bank’s International Center for Settlement of Investment Disputes...

09.06.15 14:24 |

String of major deals and investments stimulate business

“A clear tendency has been taking shape since the beginning of the year – the business climate in Bulgaria has been improving. There are positive expectations of development in all sectors of the economy, especially in industry and construction,”..

08.06.15 12:46 |

Bulgarian government raises minimum wage despite obstacles

The Council of Ministers in Bulgaria has confirmed its previous decision from December, 2014 for raising the minimum monthly salary to 190 euro on July 1. The minimum salary was also raised by 10 euro on January 1. These steps may seem..

04.06.15 12:52 |

Bulgarian farmers to get 2.3 billion euro from Brussels

Following two years of preparatory work, red tape problems, government crises, nature disasters, 426 remarks on behalf of the European Commission and four different versions, the Bulgarian Rural Development Programme for the period 2014-2020 has..

03.06.15 15:24 |

Average monthly salary in Bulgaria reaches EUR 400

The average monthly salary in Bulgaria saw a four-fold increase over the past 15 years and currently amounts to nearly EUR 400. In France for example, the average monthly wage exceeds EUR 2,000, i.e. it is five times higher than the salary in the..

28.05.15 13:32 |

Eastring - will Bulgaria become part of the gas transmission project and is there any chance of resuscitating South Stream?

A n important step was taken at the end of last week in Riga towards deepening and extending gas supply cooperation in Central and Eastern Europe. The foreign ministers of Bulgaria, Slovakia, Hungary and Romania signed a political memorandum of..

25.05.15 14:59 |

Bulgaria’s power engineering: surplus of electricity, debts and deficits of fresh capital

Bulgaria’s power engineering has long been in a very difficult situation. It has been adapting for a long time to the market economy and new technologies. However, the reforms in this sector have been postponed and neglected, as well. As a..

20.05.15 14:02 |

Bulgaria’s economy gains momentum

Bulgaria’s economy has been developing positively since the beginning of 2015. The process was registered by the country’s authorities who did not miss to mention this positive trend. Bulgaria’s citizens also felt the upsurge of the national..

18.05.15 12:01 |

Budget revenues increase sharply, yet Bulgarians stay poor

Bulgaria’s state budget has accumulated a surplus worth EUR 500 million within four months only. This amount is quite substantial, bearing in mind that the public revenues for the whole 2015 are expected to reach some EUR 14 billion. If the..

12.05.15 12:18 |