Economic freedom in Bulgaria continues to decrease according to the “Economic Freedom of the World 2023” study published by the Institute for Market Economics (IME) in collaboration with the Canadian Fraser Institute, ranking the country 43rd among 165 countries and territories. According to economist Zornitsa Slavova from the IME, the ban on the import of…
The airports in Burgas and Varna reported over 800,000 passengers in August, which was the strongest month of the summer season, the concessionaire “Fraport Twin Star Airport Management” JSC reported. Burgas Airport recorded an 8% increase in passengers in August compared to the same period last year. 527,000 tourists arrived. 3,344 aircraft were serviced, up…
Average annual inflation of around 8% is expected until the end of the year and decrease in the following year as well. This was stated in Plovdiv by the Minister of Economy and Industry Bogdan Bogdanov, specifying that he was waiting for the data submitted to the ministry. “Until the end of the year, let’s…
Bulgaria is interested in the plans for the future development and management of the ports in Kavala and Alexandroupolis due to the blocked trade routes in the Black Sea as a result of Russia’s war against Ukraine, President Rumen Radev has said. Radev is in Greece on the occasion of the 87th edition of the…
Bulgaria is in the first place among the member states of the European Union in terms of the share of people who cannot keep their homes adequately warm (22.5%), according to the latest Eurostat data for 2022. On average for the population of the union, this indicator is 9%. Among the countries with the largest…
Gas traders have expressed interest for up to 4 billion cubic meters per year of additional capacity for the next few gas years in the interconnection points of the Interconnector Greece-Bulgaria (IGB) with the Greek national operator DESFA and the Bulgarian national operator Bulgartransgaz, the ICGB, the pipeline operator, reports. The independent transmission system operator…
“Bulgaria can get out of the exception for Lukoil to use Russian oil until the end of 2024, without changing fuel prices,” Prime Minister Nikolai Denkov has announced. He recalled that fuel prices in Bulgaria depended on the regional market. “We cannot control prices as they are. If someone claims that someone is incompetent, then…