According to the express estimates of the National Statistical Institute, during the fourth quarter of 2023, the gross domestic product (GDP) increased by 1.6% YoY and by 0.5% QoQ, based on seasonally adjusted data. According to this information, the GDP in the last four months of 2023 increased by 1.6% YoY, while gross value added…
Bulgaria and the United States have formally sealed an agreement to collaborate on the construction of two new units at the Kozloduy Nuclear Power Plant (NPP). The pact, signed by Bulgarian Energy Minister Rumen Radev and US Assistant Secretary for International Affairs Andrew Light, outlines cooperation in nuclear power development and technology exchange. According to…
As tensions simmer in Bulgaria’s agricultural sector, a divide emerges among farmers following the signing of an agreement with authorities. While some have opted for dialogue, others are staging roadblocks across the country, signaling ongoing discontent. The recently brokered agreement outlines the categorization of farms into three tiers based on size and proposes an annual…
The Burgas Airport will be closed for a month due to the need for repair work. This was announced by the company concessionaire of the airport. Starting from March 7 at 6:00 am, all flights will be suspended, and the airport will reopen on March 30. “The temporary closure of the airport is due to…
Bulgarian Ministers Rumen Radev of Energy and Assen Vassilev of Finance have recently engaged in high-level talks with US Secretary of Energy Jennifer Granholm in Washington, D.C., focusing on critical energy issues. The meeting underscored the importance of bilateral cooperation in nuclear technology, energy diversification and enhancing energy security. Central to the discussions was Bulgaria’s…
Energy expert Ivan Hinovski has issued a stark warning about Bulgaria’s future energy prospects, highlighting the imminent threat of losing all base capacities until 2038. Hinovski emphasized the critical importance of securing the agreement for the seventh unit of the Kozloduy Nuclear Power Plant (NPP) to ensure a reliable energy source in all weather conditions.…
To meet the criteria for entering the Eurozone, Bulgaria is gearing up for a significant shift in its economic landscape, with prices expected to witness a downward trend in the coming months. The key condition for Bulgaria’s entry into the Eurozone is maintaining inflation within a specific range. Specifically, the inflation rate in Bulgaria’s consumer…