Bulgaria: enterprises now have to include sustainability reports in annual activity statements

The Bulgarian Parliament has approved amendments to the Accounting Law, mandating that enterprises include a sustainability report in their activity reports. This new requirement, effective for the 2024 accounting year, aims to provide a comprehensive view of corporate sustainability by analyzing both financial and socio-economic impacts of a company’s activities. Large enterprises, as well as…

Bulgaria: European prosecutor’s review halts expansion of Chiren gas storage

The Bulgarian Minister of Energy has announced a temporary suspension of the order for the expansion of the Chiren underground gas storage facility. This decision will remain in effect until the European Prosecutor’s Office completes its inspection of Bulgartransgaz. The minister noted that the ongoing investigation involved an auditor from Bulgartransgaz itself. According to Bulgartransgaz,…

Bulgaria: Sofia trails in new construction

In Bulgaria, newly constructed homes are predominantly two-room units, averaging 85 square meters in size and built mainly from reinforced concrete. The highest construction activity is currently seen in Plovdiv and Burgas. Last year, nearly 5,500 new homes were built in Bulgaria, marking a slight increase from the previous year and surpassing the fewer than…