The Deputy Minister of Innovation and Growth, Stefan Savov, presented a class “A” certificate under the Investment Promotion Act (IPA) to “Interlink Group” AD. The company invested BGN 7.5 million in the expansion of the “Technolink Park 2” logistics base in the village of Radinovo, part of the Trakia Economic Zone. “I congratulate “Interlink Group” […]
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Seasonally adjusted data show that Bulgaria’s industrial production in November 2022 increased by 0.7% compared with October 2022, the National Statistical Institute said on Tuesday, reporting early estimates. In November 2022 compared with November 2021, industrial production grew by 4.7%, according to working day adjusted data. In November 2022 against October 2022, an increase was […]
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Bulgaria’s goal to accede to the Eurozone remains January 1, 2024 and the National Assembly is expected to pass three bills already submitted by the caretaker government and which are related to the ERM II postcommitments, Finance Minister Minister Rositza Velkova-Zheleva said in an interview for the Sega daily, her Ministry said on 16 January. According to […]
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New car sales in EU Member States have slumped to their lowest level in almost 30 years amid a shortage of auto parts in the first half of 2022, according to data from the European Automobile Manufacturers Association (ACEA) published by the dpa. In Bulgaria, 28,684 new cars were registered last year, up 16.9% from […]
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In November 2022, the total business climate indicator increased by 3.5% month-on-month, the National Statistical Institute reported on Tuesday. The indicator grew in all observed sectors – industry, construction, retail trade, and services. The composite indicator business climate in industry increased by 0.8%, due to the more favourable industrial entrepreneurs’ assessments and expectations about the […]
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Bulgarian caretaker Energy Minister Rosen Hristov and his Romanian counterpart Virgil-Daniel Popescu discussed the opportunity for building two hydro-power stations along the joint section of the Danube between the two neighbours, Hristov’s ministry said in a press release. The two officials met in Athens where they take part in the 1st Athens Ministerial Energy Dialogue organized […]
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Mrs. Tsveta Bratanova, Executive Director of GS1 Bulgaria at the Bulgarian Chamber of Commerce and Industry, presented the global GS1 standards and their role in product identification, data exchange and digitalization in general. The lecture was organized by Prof. Elka Vasileva as part of the “Product Management” discipline for bachelors from the “Business Economics and Management in English” major […]
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Bulgarian research scientists were registered in the Patent Office’s Golden Book at an official ceremony in the President’s administration building on 18 November. The Golden Book, created in 1981 to mark the 1300th anniversary of the establishment of the Bulgarian state, is opened once a year to add the names of the most outstanding Bulgarian discoverers […]
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The international credit rating agency S&P Global Ratings affirmed its long-term and short-term foreign and local currency sovereign credit ratings on Bulgaria at “BBB/A-2”. The outlook remains stable. The stable outlook balances Bulgaria’s weaker economic growth prospects in the near term and elevated domestic political uncertainty against Bulgaria’s low net general government debt and contained […]
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The European Commission and the President of the Euro group have signed a Memorandum of Understanding with the Republic of Bulgaria outlining the practical steps that will allow Bulgaria to start producing euro coins when it receives approval to accede to the euro area. These steps concern the striking of certain quantities of test coins […]
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