News

The optimism for the development of the Bulgarian economy in 2023 and this year is maintained. GDP growth will exceed that of last year, which is around 1.8%, and we expect it to exceed 2% and to approach 3%, but this depends on global dynamics. This was announced in the studio of ‘More from the […]

The Ministry of Economy and Industry and the Anti-Corruption Fund (ACF) will cooperate to ensure maximum transparency and stop the misuse of public funds. This became clear at a meeting of the Minister of Economy and Industry Bogdan Bogdanov with the Director of the ACF Boyko Stankushev, the co-founder of the Fund Nikolay Staykov and […]

Deputy Minister of Economy and Industry Nikolay Pavlov took part in the informal meeting of the Foreign Affairs Trade Council, held in Brussels. The main topic of the Council’s work was the preparation of the 13th Ministerial Conference of the World Trade Organization, which will be held from 25 to 29 February 2024 in Abu […]

Investments for 2023 will reach BGN 7 billion, which is nearly BGN 2 billion more than the previous year, he said We are reporting the highest growth of foreign direct investment (FDI) in Bulgaria in the last 12 years. Only for the period January — November 2023 they amount to BGN 7 billion. The increase is nearly BGN 2 billion […]

The abuses in the SCC must not continue, he insisted The restructuring of the companies under the umbrella of the State Consolidation Company (SCC) will undergo a thorough analysis and will be widely discussed. A comprehensive transformation programme will be developed and proposed to the Council of Ministers for a vote. It will be presented […]

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 […]