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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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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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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The Bulgarian Chamber of Commerce and Industry presents the 13th edition of the brochure “Bulgaria in figures®”. The publication reports on the main macroeconomic indicators of the country for the past five years and pays special attention to Bulgaria’s place in international classifications and rankings, which is the first contact of foreign investors with the reality […]
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7 July, Sofia Hotel Balkan Major accents: Transport: condition of the networks and key sites in the transport infrastructure, priority sites for construction or renovation, financing of their quality construction, and professional support. Energy: decentralized production, local renewable energy sources, smart networks, and a liberalized market. IT infrastructure: IT infrastructure is becoming increasingly important for the good functioning […]
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Over the past years Plovdiv became one of the largest industrial centers in Southeastern Europe. Local authorities in the face of Municipality of Plovdiv actively work with the local business organizations to attract new investments. “It’s not a coincidence. Plovdiv has been laying the groundwork in order to position itself on investors’ shortlist,” said Dr. Mitko […]
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Starting a new business is easier and less costly in Bulgaria compared to other countries in Europe and the developed world. . In recent years Bulgaria cut the costs associated with new business registration and now the cost of starting a new business is just 1% of income per capita as opposed to 7% in […]
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Plovdiv is the second IT and BPO center in Bulgaria in terms of both number of companies and employees, which exceed 7,000. Given the trends, this number is expected to increase by nearly 5,000 people in the coming years. The Outsourcing sector is one of the fastest growing in Bulgaria and the pandemic not only […]
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“Investstroy” EOOD is a Bulgarian company seated in Burgas. It has its own distillery, equipped for the production of essential oils from grass crops, which is developed on a modular basis with a capacity for processing 300 kg of raw products per hour. Detailed presentation of the company’s activity HERE. The processed raw materials and finished […]
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