As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens’ wallets upon adoption of the single currency. The Ministry of Finance has released a draft law on the introduction of the euro in Bulgaria, revealing that rounded prices in euros will be enforced a…
Bulgaria’s Ministry of Energy reaffirmed its commitment to aiding Moldova in bolstering its energy security and diversifying its energy sources. Deputy Minister of Energy, Iva Petrova, reiterated Bulgaria’s dedication to this cause during the ninth meeting of the Intergovernmental Bulgarian-Moldovan Commission for Economic Cooperation. The meeting, convened on March 26, in Chisinau, Moldova, was chaired…
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…
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…
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…
Bulgarian lawmakers have taken a significant step toward bolstering the nation’s energy infrastructure by advancing cooperation with the United States for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant (NPP). In a pivotal move, Members of Parliament (MPs) approved in the second reading the proposal to collaborate with the USA…
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.…