After a long debate, the National Assembly decided that Kozloduy NPP- New Builds and Hyundai Engineering & Construction hold negotiations by April 15. Hyundai was shortlisted as a potential contractor for the engineering, construction and commissioning of Units 7 and 8 at Kozloduy NPP, using Westingouse’s AP 1000 technology.
After a re-vote, the decision was adopted with 112 votes in favour, 29 against and 82 abstentions. With 52 votes in favour, 161 against and 8 abstentions, the parliament rejected another draft decision submitted by "We Continue the Change-Democratic Bulgaria" to hold parallel negotiations with Hyundai and the American company Bechtel.
The Bulgarian National Bank published a review of measures aimed to address the risks to the banking system, including those stemming from loans secured by residential real estate. ''Such concerns are well-founded given the situation in the real..
The international rating agency Standard & Poor's (S&P Global Ratings) has affirmed Bulgaria's 'BBB/A-2' long-term and short-term foreign and local currency sovereign credit ratings. The rating outlook remains positive. If a stable..
In the next 3 to 5 years, Bulgaria will experience a shortage of more than 250,000 specialists with higher education. For the past 8 years, Bulgaria has missed the opportunity, which a number of EU countries have taken advantage of, to conclude an..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate..
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