The implementation of an alternative fuel type in Unit 5 of the Kozloduy Nuclear Power Plant (NPP) has commenced, marking a significant step forward in diversifying energy sources at the facility. As part of the plant’s diversification program, an agreement was reached with Westinghouse Electric Sweden for the supply of nuclear fuel. Last month, the…
Since the start of the year, Bulgaria has secured an additional BGN 700 million in debt from the domestic market, according to announcements from the Ministry of Finance and data published by the Bulgarian National Bank. Of this sum, BGN 300 million was raised through the issuance of government securities, achieving a weighted average return…
The law on the introduction of the euro could be approved by the National Assembly before the summer concludes, according to acting Deputy Finance Minister Metodi Metodiev’s projection. Metodiev also stated that Sofia was expected to meet the inflation criteria required for Eurozone entry until the year’s end, based on the department’s models. Metodiev highlighted…
A promising summer season with a 10% increase in tourists compared to last year is anticipated, according to Konstantin Zankov, a marketing and business consultant in tourism, speaking to the national radio. Expectations are that this summer will see a return to pre-pandemic levels and potentially even surpass them. Zankov noted that the overall summer…
The European Commission initiated a new infringement procedure against Bulgaria for failing to submit a report on the energy performance of buildings as required by the directive. A notification letter was sent to the Bulgarian government, reminding it to provide the European Commission with a report on the optimal costs related to building energy efficiency.…
During his recent visit to Washington, Bulgarian Energy Minister Vladimir Malinov engaged in crucial discussions at the US State Department. Despite the tight schedule of Ambassador James O’Brien, Assistant Secretary of State for European and Eurasian Affairs, Malinov managed to meet with him. Their talks centered on advancing key projects such as the construction of…
Real estate agents have reported a surge in property purchases by foreigners in Bulgaria’s resorts and major cities like Sofia, Plovdiv, Varna and Burgas. While resorts like Bansko and Sunny Beach have seen the most transactions by foreigners, Bulgarians remain the primary buyers across all mountain and seaside destinations. In urban areas, foreign buyers are…