Highlights

A global manufacturer of high-tech, critical components for automotive and industrial applications will invest in new production facilities in Ruse. GEBAUER & GRILLER GROUP with headquarters in Vienna and will work as a supplier for the Bavarian automotive industry. The planned investment amounts to nearly BGN 60 million (EUR 29 million) and is expected to […]

‘As of 2022, exports of specialised arms production have increased by 200%. This is about 1.6—1.7 billion euros or about 220% growth compared to 2020.’ He pointed out that the industry is evolving and the goal is to continue its development as well as the modernization of production. ‘We are also trying to provide a […]

After the completion of the ordered inspections, work will begin on the rehabilitation and restructuring of the public enterprises under the Ministry of Economy and Industry Two investment projects in the automotive sector worth over BGN 100 million are being launched this month in the regions of Stara Zagora and Ruse, where two new plants will be […]

A German company invests in a software development centre in Sofia and will create 100 new jobs The German- Indian joint venture company is investing EUR 1.5 million initially in a software development centre in Sofia and will gradually create nearly 100 new jobs for highly qualified IT specialists in the country. This became clear […]

The Minister of Economy and Industry Bogdan Bogdanov and representatives of the managements of the organizations — members of the Association of the Bulgarian Employers’ Organizations (AOBR) — the Bulgarian Industrial Capital Association (AIKB), Bulgarian Industrial Association (BSK), the Bulgarian Chamber of Commerce and Industry (BTPP) and the Confederation of Employers and Industrialists in Bulgaria (KRIB), who […]

The Minister of Economy and Industry Bogdan Bogdanov and the Ambassador of Kazakhstan to Bulgaria H. E. Viktor Temirbayev discussed the opportunities for intensifying economic cooperation between the two countries. One of the areas of interaction is the production of green hydrogen, it became clear during the meeting at the Ministry of Economy and Industry. […]

Our trade with the UK increased by over 127% in the first quarter of this year, compared to the same period in 2022. The activation and deepening of the economic relations between the two countries were discussed by the Minister of Economy and Industry Bogdan Bogdanov and the Ambassador of the United Kingdom of Great […]

VMZ’s deductions to the state will not affect its investment program, he said We will work for quality investment projects with high added value and easing the administrative burden for businesses. This was stated by the Minister of Economy and Industry Bogdan Bogdanov during a hearing of the Committee on Economic Policy and Innovation in […]

According to him, from now on there will be round-the-clock security by the Ministry of Interior around military enterprises and warehouses ‘In 2018, the Council of Ministers approved resources for the repair of dams, an initial amount of BGN 500 million, and now we understand that over BGN 100 million more than originally approved has been spent. We are […]

Deepening Bulgaria’s cooperation with the OECD is essential for Bulgaria’s small and medium-sized enterprises, which are the backbone of the Bulgarian economy. This was said by Minister of Economy and Industry Bogdan Bogdanov during a meeting of ministers from the Committee on SMEs and Entrepreneurship of the Organisation for Economic Co-operation and Development (OECD), which […]