Bulgaria and Romania will be fully admitted to the Schengen area, said Walter Ruck, President of the Vienna Chamber of Commerce and Industry said during a meeting with Bulgarian Vice President Iliana Iotova in Vienna. Austrian businesses have always supported full membership which will accelerate business relations with Austria, he said further. “Bulgaria offers some of the best conditions for doing business,” Walter Ruck said.
On her part, Vice President Iotova said she expected rationality and wisdom of the countries members of the EU and a speedy decision for Bulgaria and Romania’s accession to Schengen by land. “Being an external EU border, Bulgaria is among the most secure countries,” she added.
Austria is second in the number of foreign investors in this country – Austrian companies, and firms operating in all sectors of the Bulgarian economy.
Within the frameworks of the initiative “Women in the economy”, Iliana Iotova held a series of meetings with women, among them many Bulgarian managers in different sectors of the Austrian economy.
On the world map of organic agriculture, Bulgaria is not just a dot, but a colorful mosaic of food products, carrying the aroma and taste of unspoiled nature. Our organically certified areas produce crops sought after around the world – essential oil..
Preliminary data from the National Statistical Institute (NSI) shows a 1.3% increase in employment from March to June 2025, reaching 2.38 million. The hotel and restaurant sector had the largest increase in employment (24.8%), followed by real estate..
The lack of sufficient manpower and strong private consumption are the main reasons for inflation, according to the second "Economic Review" of the Bulgarian National Bank (BNB) for the year. Annual inflation is 2.9%, increasing by 2.1% by May 2025..
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