The Ministry of Tourism in Bulgaria has unveiled plans for significant reforms in the tender procedures for beach rentals across the country, aiming to enhance transparency and fairness in the process. Among the proposed changes is the introduction of open bidding for tender procedures, eliminating the requirement for sealed envelope submissions and implementing measures to…
Ukraine and Bulgaria have made another step towards strengthening friendly and partnership relations. This was emphasised by Prime Minister Denys Shmyhal following a meeting with Prime Minister of Bulgaria Nikolai Denkov. “Today, following a comprehensive dialogue, we have reached a common ground on many important issues. Ukraine and Bulgaria will continue to strengthen cooperation in…
As Bulgaria sets its sights on joining the Eurozone until 2025, Finance Minister Asen Vassilev remains resolute in his commitment, despite ongoing uncertainties surrounding the government’s rotation. Speaking from Ghent, where he attended a meeting of EU economy and finance ministers, Minister Vassilev conveyed optimism regarding Bulgaria’s economic prospects and Eurozone aspirations. Citing data from…
Sofia, the vibrant capital of Bulgaria, is gearing up to host a prestigious international conference focused on innovation and creativity. Following the resounding success of the CreaTech Summit South-East Europe in 2023, the city is once again poised to become the epicenter of cutting-edge ideas and groundbreaking initiatives. Scheduled to take place from February 29…
On February 22, the World Bank presented the report “Review of Public Finances in Bulgaria”, which examined revenues, efficiency and effectiveness of state expenditures in various sectors. The assessment delves into topics like Bulgaria’s fiscal stance post various shocks and crises, the influence of demographics on spending in crucial sectors and strategies to address the…
Amidst concerns surrounding energy security and the transition away from Russian nuclear fuel, the executive director of Bulgaria’s Kozloduy Nuclear Power Plant (NPP), Valentin Nikolov, has reassured the public that there is no risk of operational disruptions. Addressing fears of potential shutdowns, Nikolov affirmed that none of the operating units at the Kozloduy NPP were…
At the end of 2023, household expenses increased by 19.1%, with the majority spent on food – approximately one-third of all expenditures. This is indicated by the data from the National Statistical Institute (NSI). In the third quarter of 2023, the average total income of households was 2,874 BGN, increasing by 22.5% compared to the…