News

The documents concerning the financial operations of Kintex to offshore areas to be immediately sent to the Prosecutor’s Office of the Republic of Bulgaria for alleged crime. This was ordered today by the Minister of Economy and Industry Nikola Stoyanov. It should be recalled that on 11.08.2022, the State Agency for National Security entered the arms company, and it was later confirmed that for 1 day about BGN 800 000 were paid to a company in Dubai.

The Inter-Ministerial Council on Defence Industry and Security of Supply of the Council of Ministers has not met for more than 100 days. The specialised body issues licences and registrations for defence-related product activities. The administrative blockage by the state has left dozens of companies unable to develop their activities, including the import of raw materials vital to their operations.

On the initiative of the Minister of Economy and Industry Nikola Stoyanov, seven working groups have been launched today, which include experts from the ministry, representatives of employers and trade unions, as well as the National Association of Municipalities. The aim is to identify a package of measures in all priority areas to be adopted by the institutions and to facilitate the work of economic operators.

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.