Amidst concerns surrounding energy security and the transition away from Russian nuclear fuel, the executive director of Bulgaria’s Kozloduy Nuclear Power Plant (NPP), Valentin Nikolov, has reassured the public that there is no risk of operational disruptions. Addressing fears of potential shutdowns, Nikolov affirmed that none of the operating units at the Kozloduy NPP were…
At the end of 2023, household expenses increased by 19.1%, with the majority spent on food – approximately one-third of all expenditures. This is indicated by the data from the National Statistical Institute (NSI). In the third quarter of 2023, the average total income of households was 2,874 BGN, increasing by 22.5% compared to the…
The National Statistical Institute (NSI) has unveiled the latest inflation data for January, shedding light on notable shifts in consumer prices across various sectors. According to preliminary NSI figures, January saw a monthly inflation rate of 0.5%, with annual inflation reaching 3.8%. The data provide crucial insights into the economic landscape, indicating trends in price…
According to the express estimates of the National Statistical Institute, during the fourth quarter of 2023, the gross domestic product (GDP) increased by 1.6% YoY and by 0.5% QoQ, based on seasonally adjusted data. According to this information, the GDP in the last four months of 2023 increased by 1.6% YoY, while gross value added…
Bulgaria and the United States have formally sealed an agreement to collaborate on the construction of two new units at the Kozloduy Nuclear Power Plant (NPP). The pact, signed by Bulgarian Energy Minister Rumen Radev and US Assistant Secretary for International Affairs Andrew Light, outlines cooperation in nuclear power development and technology exchange. According to…
As tensions simmer in Bulgaria’s agricultural sector, a divide emerges among farmers following the signing of an agreement with authorities. While some have opted for dialogue, others are staging roadblocks across the country, signaling ongoing discontent. The recently brokered agreement outlines the categorization of farms into three tiers based on size and proposes an annual…
The Burgas Airport will be closed for a month due to the need for repair work. This was announced by the company concessionaire of the airport. Starting from March 7 at 6:00 am, all flights will be suspended, and the airport will reopen on March 30. “The temporary closure of the airport is due to…