The Parliament of Bulgaria decided to extend by six months the deadline given to the government for negotiations on the sale of two Russian nuclear reactors and auxiliary equipment to Ukraine. Authorities in Sofia received the reactors from Russia’s Atomstroyexport more than six years ago, but they were already unusable, because the country had given…
Bulgaria ranks second globally in bread consumption, with Turkey leading the list, according to the Turkish news site “Yenigun”, which cites recent statistics. In Turkey the average annual bread consumption per person is nearly 200 kg, while in Bulgaria it stands at 131.1 kg per person each year. Ukraine follows in the third place with…
The mayor of Vidin municipality Dr. Tsvetan Tsenkov held a working meeting with representatives of the Chinese company China Railway International Group – one of the world leaders in railway construction. The visit of the Chinese delegation to the Bulgarian city was at the invitation of the Vidin mayor. At the beginning of the meeting,…
Sofia Airport is set to undergo a significant transformation with the introduction of Terminal 3, aimed at establishing the airport as the first 5-star regional hub in Europe. The conceptual design for this new terminal was revealed on September 10 by SOF Connect, the airport’s operator. The announcement was made by the Acting Transport and…
The Ministry of Tourism is set to request an increased budget for national tourism advertising in 2025. Although specific figures have not been disclosed, Deputy Minister Irena Georgieva indicates that the department is not seeking a doubling of the budget. She cited the “delicacy of the situation” due to upcoming elections as a reason for…
Bulgaria is emerging as a top destination for starting a new business, praised for its favorable conditions. According to the World Bank’s Ease of Doing Business index, Bulgaria stands out due to its low corporate tax rate of 10% and minimal administrative fees, making it an attractive option for entrepreneurs. The country offers a streamlined…
In the second quarter of 2024, Bulgaria’s gross domestic product (GDP) grew by 2.1% YoY, according to preliminary data from the National Statistics Institute. A flash estimate from August 14 predicted a 2% growth. Both assessment methods indicate that quarterly growth stands at 0.5%. The value of GDP per person amounts to 7,399 leva, or…