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…
Foreign investments in Bulgaria soared in January-October, reaching nearly EUR 3.4 billion – an impressive increase of over EUR 1.1 billion from the same period in 2022, marking a remarkable 53.6% YoY growth. Preliminary data from the Bulgarian National Bank highlight this as the country’s highest foreign investment surge in almost 15 years. Minister of…
Amidst a recent study by the Bulgarian Industrial Association on the country’s business climate in 2023, several key concerns have emerged among the business sector. The study revealed that a significant portion of managers, around 62%, highlighted excessive state regulations as a major hurdle, while 61% cited the challenge of coping with frequent changes in…
Italy has emerged as the new budget-friendly ski destination in Europe, surpassing Bulgaria in affordability, according to a recent study conducted by British travel agencies. Borovets and Bansko, the Bulgarian ski resorts, secured second and sixth positions respectively in an annual analysis evaluating the value-for-money offered by ski holidays. The study, conducted by British tour…
Bulgaria’s National Assembly has ratified an agreement with the European Commission for the provision of EUR 3.6 billion in micro-financial aid to Ukraine, which is the second stage of planned assistance. As many as 116 MPs voted in favor of the ratification, while 48 voted against and six abstained. The agreement involves Bulgaria offering guarantees…