News

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 […]

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 […]