News

In the first five months of this year alone, trade between the countries amounted to nearly USD 1.5 billion. Trade relations between Bulgaria and the People’s Republic of China are developing positively. Trade between the two countries reached nearly USD 4 billion in 2023, with Bulgarian exports to China amounting to over USD 1.1 billion […]

Small and medium-sized enterprises (SMEs), as the main engine of any economy, are crucial to local economies. Creating the conditions for business and the successful development of a local SME ecosystem would help overcome regional inequalities and contribute to the demographic revitalisation of our country. This was stated by the Deputy Minister of Economy and […]

Amendments provide better protection of consumers’ collective interests The Ministry of Economy and Industry has drafted a Bill to amend and supplement the Consumer Protection Act, which was approved by the Government today. The document provides for the measures to implement Regulation (EU) 2023/988, thus achieving compliance with the new European requirements for general product […]

Minister of Economy and Industry Dr. Petko Nikolov held a meeting with the Mayor of Vidin Municipality Dr. Tsvetan Tsenkov. During the talks, the possibilities for the development of the region through attracting investments were discussed, as well as the development of the Vidin Industrial Park, owned by the National Company of Industrial Zones (NCIZ) […]

State-owned enterprise has the best monthly performance in June and July for the last five years We have taken all necessary actions to fulfil our commitments. The management of LB Bulgaricum EAD increased by 10%, retroactive to 1 May, the salaries of the employees in the production base in Vidin. There will be a further […]

It is of key importance to intensify the work abroad to establish our country as a recognizable, stable and reliable trading partner “The activities of the Trade and Economic Affairs Offices (TEAO) should be focused on promoting Bulgarian exports and attracting foreign investment as a priority, which will contribute to the effective restructuring of the […]

The Minister of Economy and Industry, Dr. Petko Nikolov, will hold a videoconference meeting with the economic advisors in the Trade and Economic Affairs Offices (TEAO) of Bulgaria around the world. At the meeting, the opportunities for boosting the country’s economic potential by attracting new foreign investments and supporting Bulgarian exports will be discussed. Emphasis […]

For the period April-August 2024, the Ministry of Economy and Industry undertook a clear and transparent policy, for the benefit of business and Bulgarian consumers, for the implementation of leading national priorities, which are the competence of the Ministry. Among them are the accelerated work towards Bulgaria’s accession to the euro area, as well as […]

This is the largest investment in the Industrial Zone, the shareholders of which are National Company of Industrial Zones EAD and Stara Zagora Municipality The Council of Ministers approved a Memorandum of Understanding between the Government of the Republic of Bulgaria and Smart Solar Technologies AD for the implementation of a priority investment project for […]

The document will increase the access of people with disabilities to goods and services in the internal market A draft Law on Accessibility Requirements for Products and Services was approved by a Government Decision on 16 August 2024. The document was prepared by the Ministry of Economy and Industry, with the participation of all relevant […]