Bulgaria ushers in the new year on a different note, as the State Budget Act for 2024 gets the green light, marking a departure from previous years of budgetary uncertainties. The freshly ratified budget signifies a significant milestone, offering stability as the nation steps into the year ahead. This budget, crafted for the first time…
Bulgaria’s Gross External Debt stood at approximately EUR 42,410 million as of the end of October 2023, marking a 3.7% decrease from the same period in 2022, according to data released by the Bulgarian National Bank (BNB). Short-term liabilities, constituting about 16.9% of the gross debt and 7.5% of GDP, saw a notable decline of…
Azerbaijan’s Ambassador to Bulgaria, Huseyn Huseynov, said that Azerbaijan remained receptive to considering the acquisition of Bulgaria’s Lukoil Neftohim Burgas oil refinery. However, as of now, there has been no concrete proposal put forth for consideration, as stated by the Ambassador. His remarks have been echoed in various media outlets in Azerbaijan, Russia and Ukraine…
Exciting news for travel enthusiasts and vacation planners as Varna Airport gears up to introduce regular flights to Paris starting from April 12, 2024. This seasonal flight route will operate every Friday, spanning until September 27, 2024 offering a convenient link between Varna and the heart of France at Orly Airport. Tickets for this eagerly…
After an extensive and meticulous investigation, Bulgaria’s Prosecutor’s Office announced the closure of the high-profile inquiry into the cryptocurrency firm Nexo. The decision, arrived at on December 22, stemmed from the absence of compelling evidence substantiating allegations of money laundering, tax infractions, or illicit financial services provision without proper authorization. The investigation, which spanned a…
Sofia airport revealed news of Ryanair’s plans to introduce two fresh direct flight routes in 2024. The Irish carrier will offer connections to Copenhagen, Denmark and Alicante, Spain, operating between March 31 and October 26. Starting on April 1 until October 25, 2024 passengers can fly between Sofia and Alicante. Initially, flights will run twice…
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…