Moldova: intergovernmental commission for economic cooperation with Bulgaria holds meeting in Chisinau

Bulgaria will open a branch of the Angel Kanchev University from Ruse in Taraclia and the Investments Agencies will more closely cooperate based on the agreement signed at the ninth meeting of the Moldovan-Bulgarian joint intergovernmental commission, held in Chisinau on March 26. The commission is co-chaired by Energy Minister Victor Parlicov and Deputy Minister…

Bulgaria: solar power up in 2023 electricity report

A remarkable shift in Bulgaria’s energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament. The data reveal a staggering increase of over 140% in electricity production from photovoltaic plants, accompanied by a significant decline in output from coal-fired power plants in the…

Bulgaria: housing market up in Q4 2023

The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%, according to the latest data released by the National Statistics Institute. While this marks a slowdown compared to the preceding quarter’s growth of 2.7%, the market continues to show resilience amid evolving…

Bulgaria: IMF recommends restoring VAT to pre-pandemic levels

The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria, led by Jean-Francois Dauphin, following consultations with Bulgarian authorities on macroeconomic indicators and financial policies. Throughout the mission, IMF experts engaged in discussions with government representatives and officials from the Bulgarian National Bank to assess the country’s economic landscape and policy implementation.…

Bulgaria: eurozone inflation criteria to be met by September 2024

Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September, according to Finance Minister Asen Vassilev. Speaking at a conference focused on the currency union, Vassilev expressed confidence in Bulgaria’s ability to fulfill the necessary criteria within the specified timeframe. “Inflation is declining rapidly, currently standing at 3.3%, below the…