Highlights

In line with the commitments made by the Minister of Economy and Industry, Dr. Petko Nikolov, and the Executive Director of LB Bulgaricum, Zhivko Zhivkov, to the employees at the company’s production facility in Vidin, the company has announced plans for a new salary increase to improve working conditions and remuneration. This increase will be […]

This is documented in the caretaker government’s report under the Economics section. During the reporting period, the companies in the National Company Industrial Zones group, under the Ministry of Economy and Industry, secured investments exceeding BGN 450 million, leading to the creation of nearly 1,300 new jobs. In addition, National Company Industrial Zones has launched […]

In just the first six months of this year, our trade with Ukraine has reached nearly USD 1 billion, the Minister of Economy said. As a member of the European Union, Bulgaria must prioritize its support for Ukraine in its recovery, modernization, and integration efforts. The Minister of Economy and Industry, Dr. Petko Nikolov, said […]

Amidst various ongoing crises and slowing growth in most European economies, the Bulgarian economy shows stability and growth. In the third quarter of 2024, our economy grew by 2.2% compared to the same period last year. Minister of Economy and Industry, Petko Nikolov, made this statement at the official ceremony for the annual economic achievement […]

For the first six months of the current year, trade with Hungary amounts to nearly EUR 1.2 billion, the Minister of Economy stressed. Hungary is among Bulgaria’s key partners in the fields of trade and investment. In 2023, the trade exchange between the two countries reached nearly EUR 2.3 billion, and for the first half […]

The Bulgarian economy demonstrates stability and has grown by 2.2% in the third quarter, he stressed. Export is one of the primary drivers of any economy. In this regard, the Ministry’s efforts are focused on opening new markets for Bulgarian businesses, which will create opportunities to diversify Bulgaria’s exports and mitigate the negative economic impacts […]

For the first eight months of 2024, the trade exchange between Bulgaria and Libya has increased, reaching over USD 337 million. There is potential for development of trade and economic cooperation between Bulgaria and Libya. The Minister of Economy and Industry Dr. Petko Nikolov said this at the opening of the Bulgarian-Libyan Economic Forum, organized […]

Bulgaria has announced its willingness to take part in the reconstruction efforts in Ukraine Bulgaria has expressed its commitment to participate in Ukraine’s reconstruction by offering economic, infrastructure, and humanitarian support. This was announced by the Minister of Economy and Industry, Dr. Petko Nikolov, at a forum titled “Securing the Future: Economic Stability, Defense, and […]

In 2023, Bulgarian companies secured contracts with two NATO agencies totaling over EUR 48 million. Bulgarian companies across different sectors are actively engaging and finding growing success in NATO international tenders. In recent years, both the number and size of awarded and successfully completed contracts have risen significantly. In 2023 alone, Bulgarian companies won contracts […]

Bulgaria is already one of the top destinations in Southeast Europe for business start-ups. The country boasts a well-developed support system that fosters entrepreneurship, start-ups, and business growth. This ecosystem includes research centers, laboratories, business incubators, accelerators, and venture capital funds. The Minister of Economy and Industry, Dr. Petko Nikolov, said this during the opening […]