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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The Bulgarian company e-Velox received a certificate issued under the Investment Promotion Act for an electric bicycle project, the Innovation and Growth Ministry said. The certificate was presented to the company by caretaker Innovation and Growth Minister Alexander Pulev. The company plans to build a new electric bicycle factory in the Kuklen zone, part of […]
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The International Monetary Fund (IMF) expects Bulgaria’s economy to grow by 3.9 per cent this year before slowing down to three per cent, according to its latest World Economic Outlook report. IMF’s economic growth estimate for Bulgaria in 2022 shows a significant change from April, when it projected 3.2 per cent growth this year, followed […]
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Bulgaria marks unprecedented growth in the global ranking of economic freedom. The country ranks 23rd out of 165 countries and territories included in the Economic Freedom Around the World 2022 study, published by the Market Economy Institute in association with Canada’s Fraser Institute. This year’s edition is based on 2020 data (the latest internationally comparable data for all countries). […]
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New German investment projects are being launched in Bulgaria in the field of vehicle component manufacturing and information and communication technology, which will create 3,500 new jobs. This emerged after caretaker Economy and Industry Minister Nikola Stoyanov met with senior business executives in Bavaria, Stoyanov’s Ministry said. A company active in the automotive industry will […]
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he European Commission has selected 135 transport infrastructure projects for EU grants out of a total of 399 project proposals submitted under the Connecting Europe Facility (CEF), the EU instrument for financing strategic investments in transport infrastructure. The funding will support projects in all EU Member States on the Trans-European Transport Network (TEN-T). For example, […]
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Wall Street legend and highly successful international investor, author and commodities expert, Jim Rogers has said he is considering investing in Bulgaria. Bulgaria is among the few countries, in which he is considering investing right now, since they have made the most improvement since his latest trip around the world, the billionaire, currently based in […]
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US-based expedition vessels producer Bering Yachts begins work in the Bulgarian coastal city of Burgas this year. The company will unveil a shipyard here that will specialize in the full cycle of production of luxury transatlantic yachts and smaller speed boats. Presenting a yacht at the Port of Burgas on 18 May, managers of Bering […]
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The Silicon Valley-based company with Bulgarian roots Leanplum is now part of the global leader in cloud marketing solutions for customer engagement CleverTap. Lеnрlum is a fast-growing technology company and a leader in mobile marketing, co-founded in 2012 in San Francisco by Momchil Kupkachiev. The company has offices in Sofia, San Francisco, Amsterdam and Singapore. […]
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Foreign investment doubled in the first two months of the year compared to the same period last year. The Minister of Innovation and Growth, Daniel Lorer, presented four certificates issued under the Investment Promotion Act (IPA). The total value of the investment projects is BGN 30.5 million, and they will create 170 new jobs. Two […]
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