In 2022, arms exports increased with 200% and amounted to EUR 1.6 billion. The growth in revenues is 220% compared to 2020", Bulgaria’s Minister of Economy Bogdan Bogdanov said for BNT.
2022 is the second year of the last 15 years with the highest growth of investments in Bulgaria, Minister Bogdanov went on to say. The trend continues in 2023. In the first 4 months of 2023 investments increased with 60% year- on-year. Minister Bogdanov commented that every day he meets with international investors and local companies which aim to expand their production capacity and are optimistic about the forthcoming entry of Bulgaria into Schengen and the Eurozone. The greatest interest is in the regions with developed infrastructure such as Plovdiv and Burgas. Last year the coastal city ranked first in the country in terms of attracting foreign direct investments. We are working to establish Ruse, Pleven and Vidin in Northern Bulgaria as investment centers, Minister Bogdanov added.
Bulgaria is making the necessary progress towards adopting the euro, according to representatives of the European institutions whom Finance Minister Temenuzhka Petkova met with. This progress will allow Bulgaria to request extraordinary convergence..
Financial and tax stability has been shaken in recent years so it is good that a government has been formed, said Vasil Velev, chairman of the Bulgarian Association of Industrial Capital, at a joint press conference of employers. "Romania was..
The Ukrainian parliament has authorized the purchase of two Russian nuclear reactors from Bulgaria, Euractiv reports. The energy committee of the Ukrainian parliament greenlighted the purchase of two old Russian nuclear reactors to expand the..
A little less than a month ago, Minister of Finance Temenuzhka Petkova presented, in Brussels, the headway Bulgaria has made along the road to joining..
Bulgaria's Ministry of Transport has been working for years to develop Corridor No. 8, connecting the Adriatic with the Black Sea through Albania, North..
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