Bulgaria’s trade deficit in August fell by over 30% YoY, reaching 287.8 million euros compared to 413.8 million euros during the same month last year. However, in the first eight months of this year, the deficit rose by just over 42%, amounting to 2.953 billion euros, up from 2.077 billion euros for the same period…
Bulgaria is positioned to assist Ukraine with electricity during the winter months, as confirmed in a recent meeting between Acting Energy Minister Vladimir Malinov and his Ukrainian counterpart Herman Halushchenko. Malinov, attending a conference on Ukraine’s nuclear security in Paris, discussed critical issues surrounding Ukraine’s energy security, particularly the need to boost the capacity of…
The state company LB Bulgaricum has signed an agreement with its long-time partner, the Japanese company “Meiji,” to establish a joint research laboratory in Bulgaria. The signing ceremony was attended by Acting Minister of Economy Petko Nikolov and the Japanese Ambassador to Bulgaria, His Excellency Hisashi Michigami. The lab’s main objective will be to further…
Two new buildings, each 75 meters tall, are set to be constructed in Sofia’s “Slatina” district, following an amendment to the construction plan approved by Acting Chief Architect of the Metropolitan Municipality Bohdana Panayotova. This development is taking place on the site of the former “Elektronika” factory, as reported by blogger Boyan Yurukov on Facebook.…
Simeon Dyankov, a former finance minister, has said that the Bulgarian economy is performing reasonably well, although discussions regarding the macro framework for 2025 are currently stalled due to the absence of a functioning parliament and government. He noted that finance minister Ludmila Petkova had called on politicians to outline necessary budget measures and determine…
Bulgaria has emerged as a frontrunner in the EU regarding agricultural support for the small ruminant sector. This acknowledgment came from the National Sheep and Goat Breeding Association, the members of which attended a significant European livestock exhibition in France earlier this month. Co-chairman of the association Simeon Karakolev expressed surprise at the level of…
Inflation in Bulgaria experienced a significant slowdown in September, dropping to 1.2% from 2.1% in August, marking the lowest rate since March 2021, according to the National Statistical Institute (NSI). Compared to August, a deflation of 1% was recorded, following a slight rise of 0.1% in the consumer price index during the previous month. The…