After a strong growth in 2022, the Bulgarian economy will slow down, following trends in the European Union, according to a World Bank report. The World Bank reports that inflation in Bulgaria remains high, which threatens plans to adopt the euro in 2025. The fiscal deficit is expected to remain below the Maastricht ceiling of…
“Will the energy transition affect prices in Bulgaria and can the agreement between the authorities and the protesters not lead to high social and consumer prices? There are forecasts of a jump in the price of electricity in the country next year. It will be equal to 10%, but it will be a consequence of…
12,000 electric cars have been registered in Bulgaria to date, which represents over 50% growth compared to 7,800 registered in 2022, Boryana Koleva, chief expert in the “National Transport Policy” Directorate of the Ministry of Transport and Communications, has announced. During the international forum “Be Renewable: Energy Evolution 2023” she also shared that the decarbonization…
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.…