News

The state is preparing measures to reduce fuel prices. This became clear at a joint briefing of Minister of Economy and Industry Nikola Stoyanov and Minister of Energy Rosen Hristov. Negotiations with representatives of the companies Lukoil Neftohim and Lukoil Bulgaria have been launched today and will continue in the coming days within the framework of an expert working group, the aim of which is to optimize as much as possible the production and logistics processes in order to reach the lowest possible price for end users.

In the first half of 2022, investment in the country is declining, so one of our first tasks was to take all measures to reverse the trends. This is what the Minister of Economy and Industry Nikola Stojanov said in the morning news of BNT. In his words, working groups have already been launched with […]

Bulgarian exports in 2021 exceeds BGN 68 billion. This is what the Minister of Economy and Industry Nikola Stoyanov said and pointed out that this figure is also indicative of the work done by our commercial attachés abroad. He took part in the annual ceremony of awarding the economic advisers on long-term secondment to the Offices for Trade and Economic Affairs (OTEA), which the Bulgarian Chamber of Commerce and Industry (BCCI) traditionally organizes.

The cited data on sentiment among European companies are a historic high for the last decade, it became clear during the meeting. By comparison, in 2021 only 7% of these companies were considering such a move. “Now is the time for Bulgaria to be proactive, to look for new opportunities and to completely change the way we work on attracting foreign investment,” Minister Stoyanov underscored. According to him, this includes starting work on a new Investment Act to be developed in close coordination with business.

More than 3 times the revenue of “VMZ” in the last two months. This was announced by the Minister of Economy and Industry Nikola Stoyanov in the morning news of BTV. In his words, from revenues of about BGN 80 million per month, the revenues fell to BGN 26 million in July.

A German company is considering an investment in Bulgaria that will create 2 000 new jobs. This became clear during a meeting of the Minister of Economy and Industry Nikola Stoyanov with representatives of the company. They are on a visit to our country to look at specific locations for opening new production. The meeting was also attended by Deputy Minister of Economy Irina Shchonova.

Coordinated efforts to attract local investment, assistance from our commercial attachés to represent Bulgaria’s municipalities abroad and deepening partnerships in all areas of mutual interest. This was agreed between the Minister of Economy and Industry Nikola Stoyanov and the Executive Director of the National Association of Municipalities in the Republic of Bulgaria (NAMRB) Silvia Georgieva.

Productivity at “Vazovski Mashinostroitelni Zavodi” has decreased significantly in recent months. This was stated by the representatives of the two trade unions in the enterprise – the Confederation of Labour “Podkrepa” and the Confederation of Independent Trade Unions (KNSB) before the Minister of Economy and Industry Nikola Stoyanov. The urgent meeting was requested by the trade unionists who are worried about the future of “VMZ” and the wages of its workers. The Chairman of the Trade Union “Podkrepa”, Eng. Dimitar Manolov, also took part in the talks.

The initiative of the Minister of Economy and Industry, Nikola Stoyanov, to visit the headquarters of employers’ organisations and talk to each of them separately during the first week of his administration is a peculiar phenomenon for the last 30 years.

More joint initiatives, operational dialogue on priority topics and use of the expertise of employers and trade unions in the formation of policies in the sector. These are some of the priorities that the Minister of Economy and Industry Nikola Stoyanov presented at a meeting with the Confederation of Employers and Industrialists of Bulgaria (CEIB).