The Sofia Municipality, Sofia Tech Park and the Health and Life Sciences Cluster Bulgaria have signed a memorandum of cooperation and the establishment of the country's first Biotechnology Center. There is a rise in the number of startups in the sphere of medicine and biotechnology, as well as R&D centers in Sofia
The Biotechnology Center will be an area where scientists, entrepreneurs and students will find suitable environment to support the start and development of their business. The construction of the center will put Sofia on the international map in the field of biotechnology and life sciences, as a place for science and investment in the development of health technologies, BTA reported.
The Organisation for Economic Co-operation and Development (OECD) forecasts an acceleration in Bulgaria's economic growth from 1.8% in 2023 to 2.5% in 2024 and to 2.9% in 2025 as public investment increases along with EU funds. OECD expects inflation..
MPs have agreed to extend the 0% VAT on bread and flour, which was due to expire on June 30, until the end of 2024. Under the GERB proposal, traders will be allowed to add a maximum of 15% profit margin on bread, but the proposal is limited to the most..
Bulgargaz expects the price of natural gas next month to be 5 to 6% lower as compared to April. During an open meeting at the Energy and Water Regulatory Commission, the initially proposed price of EUR29.12 per megawatt-hour was reduced to EUR28.36. The..
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