Bulgaria will finance more development projects in the southern region of Moldova. A memorandum of understanding to this effect was signed in Chisinau on December 20. Ambassador of Bulgaria to Moldova Maya Dobreva welcomed the signing of the memorandum and urged the beneficiaries to turn to good account the opportunities of the projects due to…
Foreign investments in Bulgaria soared in January-October, reaching nearly EUR 3.4 billion – an impressive increase of over EUR 1.1 billion from the same period in 2022, marking a remarkable 53.6% YoY growth. Preliminary data from the Bulgarian National Bank highlight this as the country’s highest foreign investment surge in almost 15 years. Minister of…
Amidst a recent study by the Bulgarian Industrial Association on the country’s business climate in 2023, several key concerns have emerged among the business sector. The study revealed that a significant portion of managers, around 62%, highlighted excessive state regulations as a major hurdle, while 61% cited the challenge of coping with frequent changes in…
Italy has emerged as the new budget-friendly ski destination in Europe, surpassing Bulgaria in affordability, according to a recent study conducted by British travel agencies. Borovets and Bansko, the Bulgarian ski resorts, secured second and sixth positions respectively in an annual analysis evaluating the value-for-money offered by ski holidays. The study, conducted by British tour…
Bulgaria’s National Assembly has ratified an agreement with the European Commission for the provision of EUR 3.6 billion in micro-financial aid to Ukraine, which is the second stage of planned assistance. As many as 116 MPs voted in favor of the ratification, while 48 voted against and six abstained. The agreement involves Bulgaria offering guarantees…
Natural gas will become cheaper by nearly 8% in January next year and will be sold for about BGN 81 per megawatt-hour without taxes and levies – this proposal has been submitted by “Bulgargaz” to the energy regulator. The price was formed on the basis of the quantities under the long-term contract with Azerbaijan, deliveries…
In a significant decision, members of the Parliament have passed a bill extending the reduced VAT rate of 9% for restaurants until December 31, 2024. The amendment, discussed at its second reading, received 184 affirmative votes, with 7 against and two abstentions. Irena Dimova from GERB-UDF proposed these alterations to the Value Added Tax Act.…