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.…
Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September, according to Finance Minister Asen Vassilev. Speaking at a conference focused on the currency union, Vassilev expressed confidence in Bulgaria’s ability to fulfill the necessary criteria within the specified timeframe. “Inflation is declining rapidly, currently standing at 3.3%, below the…
The Bulgarian Chamber of Commerce and Industry is preparing a Bulgarian-Moldovan business forum on March 26-27 in the Moldovan capital of Chisinau, the Bulgarian Chamber of Commerce and Industry (BCCI) reports. The event is organized together with the Moldovan Investment Agency with the support of the Ministry of Economy and Industry of Bulgaria on the…
The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant (NPP) site and the Nuclear Program for civil purposes of Bulgaria. The decision, with 149 votes in favor, 50…
The Cabinet has designated “Bulgaria Air” JSC as the official air carrier for the international route linking Sofia with Baku. This strategic decision aims to facilitate easier travel between the two nations while opening up new avenues for business and transit passengers. The announcement comes as “Bulgaria Air” expresses its readiness to commence regular passenger…
Bulgaria is interested in increasing gas supplies from Azerbaijan to the EU, a source at the Bulgarian Ministry of Energy reports. “Azerbaijan is a strategic economic partner of Bulgaria and an important source for diversification of natural gas supplies to our country. With the commercial operation of the Greece-Bulgaria Interconnector (IGB) as of October 1,…