News

A new salary increase at the state-owned dairy processing enterprise In line with the commitments made by the Minister of Economy and Industry, Dr. Petko Nikolov, to the LB Bulgaricum production plant staff in Vidin towards improving working conditions and remuneration, the employees of the state-owned dairy processing company received a salary increase for September. […]

The Minister of Economy and Industry, Dr. Petko Nikolov, and the Ambassador of the Republic of Iraq, Her Excellency Mrs. Lina Omar, discussed revitalizing bilateral economic cooperation. They discussed opportunities to improve trade relations between the two countries. The dialog to organize a new session of the Bulgarian-Iraqi Intergovernmental Commission for Economic Cooperation, which aims […]

In the first half of 2024, bilateral trade surpassed EUR 2.2 billion. Greece is a key partner for Bulgaria, ranking fourth among our foreign trade partners. This was announced by the Minister of Economy and Industry, Dr. Petko Nikolov, during his speech at the opening of the Bulgarian-Greek business forum held at the Bulgarian Chamber […]

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 […]

Future growth drivers are high-tech exports and investments in high-value-added manufacturing utilizing Industry 4.0 technologies. Deputy Minister of Economy and Industry Nikolay Pavlov announced this at the opening of the 15th MachTech&InnoTech 2024, an international exhibition for industrial machinery, technologies, robotics, and industrial automation. He noted that these goals are clearly outlined in the two […]

Deputy Minister of Economy and Industry, Dr. David Sukalinski, attended the opening of the country’s largest armored vehicle factory, owned by International Armored Group BG (IAG BG), part of the global International Armored Group. The factory is situated in the Industrial and Logistics Park in Burgas and will manufacture over 160 types of equipment. It […]

There is significant potential to improve trade and economic relations between Bulgaria and China. This became clear during a meeting between the Minister of Economy and Industry, Dr. Petko Nikolov, and the Ambassador of the People’s Republic of China to Bulgaria, Her Excellency Ms. Dai Qingli. The two discussed the possibilities for improving bilateral economic […]

The National Company Industrial Zones (NCIZ) has launched a project worth over BGN 2.8 million for the energy renovation of the administrative building and Halls 4 and 5 at the Vidin Industrial Park. The planned activities for the project involve thermal insulation of external walls, replacement of window frames, thermal insulation of the roof, replacement […]

The Bulgarian industry has an extremely important role in the country’s economy, with its contribution to the GDP being nearly 20%. In 2023, the added value created by it amounted to EUR 10.7 billion, and the number of enterprises operating in the sector is around 30,000. Deputy Minister of Economy and Industry Dr. David Sukalinski […]

The Western Balkan countries have strong economic potential, which with joint efforts we can turn into real economic development and create conditions for long-term integrative growth in the region, said Deputy Minister of Economy and Industry Nikolay Pavlov at the conference “10 years Berlin Process – The Western Balkans as an economic area on the […]