News

We have introduced a public procedure for the selection of suppliers of all-Bulgarian milk, the Minister pointed out LB Bulgaricum has been losing tens of thousands of leva per month from unfavourable contracts concluded during the previous management. This became clear after the appointed audit of the management of the state enterprise. ‘This was announced […]

Varna will have its own industrial zone, in partnership between the municipality and the state We agree with the Mayor of Varna that the shares in the Plovdiv Fair should be returned from the municipality to the state ‘We ended 2023 with a GDP growth of 1.8%, for 2024 we forecast it to be above […]

The Microelectronics and Mechatronics sector is one of the fastest growing and innovative sectors in the Bulgarian economy. It is among the key industries for future growth and investment in the country. This was stated by the Minister of Economy and Industry Bogdan Bogdanov during a round table on promoting cooperation between the UK and […]

The public enterprises that have been pledged as collateral to this loan will be released The loan of the State Consolidation Company (SCC) to the Bulgarian Development Bank, amounting to BGN 126.4 million, has been fully repaid. This way the Bulgarian taxpayers will no longer have to pay the accumulating interest on the loan, which so […]

Positioning of South Korean companies in the industrial zones in Bulgaria and implementation of projects with public-private partnership were among the topics of the meeting The opportunities for investment in our country and intensification of bilateral cooperation in a number of sectors, including automotive, energy, transport, information and communication technologies, healthcare and innovation. These topics […]

With the entry into force in November 2023 of the Consumer Transport Compensation Act , persons producing petroleum products from crude oil originating in or exported from Russia are required to make monthly payments to compensate consumers for transportation costs. The amount of the monthly payments shall be determined by the Minister of Economy and […]

Deputy Minister of Economy and Industry Nikolay Pavlov met with the Deputy Minister of Economy and Planning of the Kingdom of Saudi Arabia H.E. Albara Alaskandarani. The meeting took place within the framework of the third edition of the Future Mineral Forum 2024 in Riyadh. The main focus of the talks between the two Deputy […]

Due to ineffective management and corruption in the company, the competent authorities have been referred ‘In the State Consolidation Company (SCC), the total amount of amounts awarded without public procurement directly is approximately BGN 800 million,’ Bogdanov said. This was said by the Minister of Economy and Industry Bogdan Bogdanov in the programme ‘On Focus’ […]

There is a stabilisation of prices in the consumer basket Our economy will continue to grow at a rate above the European average. This was stated by the Deputy Minister of Economy Ivaylo Shotev in the programme ‘Crossroads’ on Nova TV. He explained that he did not support the initiative for a boycott of Austrian […]

Deputy Minister of Economy Nikolay Pavlov took part in the third edition of the Futire Mineral Forum 2024 (FMF 24) in Riyadh, Kingdom of Saudi Arabia. The event is one of the world’s most significant forums in the field of industry and mining. The conference will include a roundtable with ministers and representatives from 79 […]