News

Minister of Economy and Industry Dr. Petko Nikolov and Argentina’s Ambassador Extraordinary and Plenipotentiary to Bulgaria, Mr. Alejandro Zothner Meyer, discussed improving the level of economic relations between the two nations during a meeting. The Minister of Economy and Industry and the Ambassador Extraordinary and Plenipotentiary to Bulgaria emphasized that the level of trade exchange […]

Donko Uzunov is the new executive director of “State Consolidation Company” EAD, as of today he is entered in the Commercial Register. Donko Uzunov has over a decade of managerial and administrative experience, some of which was gained in public enterprises under the Ministry of Economy and Industry. He is an engineer and holds a […]

There is considerable potential to boost bilateral trade and economic relations between Bulgaria and the Kyrgyz Republic, Minister of Economy and Industry Dr. Petko Nikolov and the new Ambassador of the Kyrgyz Republic to Bulgaria, H.E. Mr. Idris Kadyrkulov, discussed during a meeting. The two explored ways to initiate and expand bilateral trade and economic […]

The Minister of Economy and Industry, Dr. Petko Nikolov, met with the new Ambassador of Turkmenistan to Bulgaria, H.E. Mr. Esen Aydogdiev. They talked about ways to strengthen economic ties between the two nations. During the meeting, it was observed that bilateral trade has significantly increased this year. From January to July 2024, trade reached […]

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 […]

Our trade with Kazakhstan in 2023 increased by nearly 18% Our trade with Kazakhstan in 2023 grew by nearly 18% and reached USD 103.5 million. This became clear during a meeting between the Minister of Economy and Industry Dr. Petko Nikolov and the Ambassador of the Republic of Kazakhstan to Bulgaria H.E. Viktor Temirbayev. They […]

With the entry into force in November 2023 of the Law on Compensation of Consumers for Transportation Costs, persons producing petroleum products from crude oil originating in or exported from Russia are obliged to make monthly contributions to compensate consumers for transportation costs. The amount of the monthly contribution referred to in Article 1 of […]

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 […]

Small and medium-sized enterprises (SMEs), as the main engine of any economy, are crucial to local economies. Creating the conditions for business and the successful development of a local SME ecosystem would help overcome regional inequalities and contribute to the demographic revitalisation of our country. This was stated by the Deputy Minister of Economy and […]

Amendments provide better protection of consumers’ collective interests The Ministry of Economy and Industry has drafted a Bill to amend and supplement the Consumer Protection Act, which was approved by the Government today. The document provides for the measures to implement Regulation (EU) 2023/988, thus achieving compliance with the new European requirements for general product […]