The government adopted an update of the National Plan for the introduction of the euro in Bulgaria. The changes in the Plan were developed and approved by the Coordination Council for the preparation of Bulgaria for membership in the Eurozone, which was co-chaired by the Minister of Finance and the Governor of the Bulgarian National…
Preliminary data from the National Statistical Institute revealed a decrease in the number of residential buildings and dwellings constructed in Bulgaria during the July-September period. A total of 1,239 buildings were completed, housing 5,085 new dwellings, marking a decrease of 7.3% in buildings and a 14.4% drop in dwellings compared to the same quarter in…
Prime Minister Nikolai Denkov has extended a warm invitation to representatives of 15 of the largest American companies, emphasizing Bulgaria’s strategic importance as a gateway to Europe. During a meeting that included US Ambassador to Bulgaria Kenneth Merten and Eric Stewart, the Chairman of the American-Central European Business Association, Denkov highlighted Bulgaria’s unique advantages for…
Dronamics, the world’s first cargo drone airline licensed to operate in Europe, and Hellenic Post (ELTA) have announced an agreement that will lead to the first postal deliveries by cargo drones in Greece. Dronamics, which designs, develops and operates cargo drones, will provide medium-distance deliveries to Hellenic Post, the national postal service of Greece. The…
As Bulgaria braces for the onset of the heating season, the cost of natural gas is skyrocketing, with Bulgargaz EAD announcing a substantial 36% price hike. The company’s proposed price for November stands at BGN 82.12/MWh, excluding excise duty and VAT, marking a significant financial burden for consumers. The surge in natural gas prices is…
Bulgaria has the highest social risk in the European Union, according to the Social Resilience Index. It tracks 12 economic, social and political parameters in 185 countries around the world, says Allianz Trade, which produces the ranking. The results of the study covered the period from early 2022 to September 2023. The Social Resilience Index…
“The European Commission has been notified of the recently taken measure by Bulgaria regarding gas supplies. We are in close contact with Bulgaria and the other affected countries to assess and discuss the possible repercussions of this measure,” said a spokesperson of the EC at a press conference in response to questions related to the…