Bulgarians most often travel to Greece not only on vacation, but also on business trips. This can be seen in the data of the National Statistics Institute for travel in September. According to it, Greece is the destination – a leader in trips for the purpose of rest and excursion and for business purposes. The…
Average electricity prices for households in the first half of 2023 in the European Union were the lowest in Bulgaria (11.4 euros per 100 kWh). After a significant price increase that began before Russia’s invasion of Ukraine but spiked in the second half of 2022, electricity and gas prices are stabilizing, the EU statistics office…
The construction of the 7th unit of the Kozloduy NPP is starting soon, Prime Minister Nikolay Denkov has announced. The plans are for the new capacity to be ready until 2033. Today, the government will take the decision to start the construction of the 8th nuclear unit in Bulgaria’s only nuclear power plant. “The company…
The European Commission is addressing the transit tax introduced by Bulgaria for Serbia and Hungary for Russian natural gas, European Commission spokesman Olof Gill has said. “We are evaluating and discussing with the Bulgarian authorities these recently introduced measures. I can add that the policy of sanctions towards Russia has been outlined, revised and adopted…
Bulgaria’s economy grew by 3.9% in 2022, according to updated data from the National Statistical Institute, exceeding preliminary data for a 3.4% growth. The upward revision is a result of a better than preliminary data performance of the services sector, but with a weaker performance of the industrial sector. Final consumption is again the main…
“Lukoil” has started a procedure for the sale of the oil refinery in Burgas, Finance Minister Asen Vassilev has said in an interview with the British newspaper “Financial Times”. According to him, Lukoil’s decision to part with its largest refinery in Southeast Europe is due to government pressure on Russian companies. “There is probably an…
Bulgaria retains its second place in the EU among the countries with the lowest debt, according to the latest official data from Eurostat from July. This was announced by the Ministry of Finance (MoF). At the end of the first quarter, the general government debt-to-GDP ratio stood at 22.5%, with only Estonia having a lower…