Highlights

The modernization and expansion of production enable new economic opportunities as we transition to cleaner energy. Effectively diversifying supply sources and integrating sustainable, modern technologies will be key to how well Bulgaria can balance economic gains with environmental responsibility and carbon emission reduction. The Minister of Economy and Industry, Dr. Petko Nikolov, said this at […]

Following the commitments made by the Minister of Economy and Industry, Dr. Petko Nikolov, to improve working conditions and compensation for employees at LB Bulgaricum, the company’s management and representatives from all labor unions have signed a new Collective Bargaining Agreement for the next two years. This agreement commits both parties to work together on […]

In the first five months of this year alone, trade between the countries amounted to nearly USD 1.5 billion. Trade relations between Bulgaria and the People’s Republic of China are developing positively. Trade between the two countries reached nearly USD 4 billion in 2023, with Bulgarian exports to China amounting to over USD 1.1 billion […]

State-owned enterprise has the best monthly performance in June and July for the last five years We have taken all necessary actions to fulfil our commitments. The management of LB Bulgaricum EAD increased by 10%, retroactive to 1 May, the salaries of the employees in the production base in Vidin. There will be a further […]

It is of key importance to intensify the work abroad to establish our country as a recognizable, stable and reliable trading partner “The activities of the Trade and Economic Affairs Offices (TEAO) should be focused on promoting Bulgarian exports and attracting foreign investment as a priority, which will contribute to the effective restructuring of the […]

“We are working as a priority to modernize and renovate the production base of El Bi Bulgaricum EAD in Vidin, which we will continue to develop and improve constantly.” This was stated by the Minister of Economy and Industry Dr. Petko Nikolov during the parliamentary control today. He pointed out that the new management of […]

“BB Bulgaricum has the best monthly performance in June and July in the last five years, employee salaries have been increased and there is no tension between employees and management. This is what the Minister of Economy and Industry Dr Petko Nikolov said during a hearing in Parliament. The Minister of Economy pointed out that […]

Benefits of abolishing land checks could reach BGN 1.3 billion a year, says Dr Nikolov in an interview with “24 hours” – The debate “for” or “against” the euro has intensified again. Is there a benefit for Bulgaria to become a member of the eurozone, Mr Nikolov? – Absolutely yes. The introduction of the euro […]

The total effect of direct and indirect benefits for citizens and businesses from Bulgaria’s full accession to Schengen could reach up to BGN 1.3 billion per year. This was announced by the Minister of Economy and Industry Dr. Petko Nikolov in his speech during an event related to the presentation of the priorities of the […]

‘The Ministry of Economy and Industry, with the support of the European Commission, has started developing a National Industrial Strategy. It will cover two key sectors of our economy that are both high carbon and energy intensive — manufacturing and extractive industries. The strategy will identify the actions needed for the green transition – reducing […]