The operational efficiency of the Interconnector Greece-Bulgaria (IGB) is being optimized, the ICGB, the pipeline’s operator, reports. “The IGB pipeline and the FSRU located near the city of Alexandroupolis demonstrate a significant potential to redefine the energy landscape in the region. The imminent commencement of operations at the LNG terminal is paramount in bolstering regional…
Prime Minister Nikolai Denkov confirmed that he spoke with GERB leader Boyko Borissov regarding the request for amendments to the territorial plans for the coal plants. The coalition GERB – SDS declared for the preservation of the plants and signaled potential violations. Denkov recalled that Bulgaria could lose nearly 1.4 billion leva if the plans…
American companies rank fourth among direct foreign investors in Bulgaria, Olivier Marquette, president of the American Chamber of Commerce (ACC) in Bulgaria, has said during a business breakfast organized by the Chamber with the participation of Prime Minister Academician Nikolai Denkov, government ministers and ACC members. The topic of the meeting is the 120th anniversary…
Bulgaria will enter January 1, 2025 as the target date for adopting the euro in an official document, m the project published on the government website strategy.bg says. The changes are being made in the decree of the Council of Ministers to establish a coordination council for preparing the country for membership in the Eurozone.…
Since 2014, the share of adults employed in brain business jobs in Bulgaria has increased by 50%. As comparison, the rate of growth has been 42% in Poland, 28% in Germany and 9% in France. The index by ECEPR, with support from Nordic Capital, measures the share of the working-age population across Europe employed in…
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…