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.
Bulgaria’s state gas supplier Bulgartransgaz has been “decapitalised” by a contract with Turkish company Botaş, Energy Minister Zhecho Stankov warned on Thursday, saying the deal could also threaten gas supplies to local district heating companies...
In the second quarter of the year, the average salary increased by 12% year over year, reaching €1,315.04. Borislav Gutsanov, the Minister of Labor and Social Policy, announced this information after today's meeting of the National Council for..
As of August 8, 2025, the mandatory indication of prices for all goods and services in Bulgaria in two currencies – in Bulgarian leva and in euros – has been in effect. This obligation will remain valid for traders for a period of one year – until..
In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget...
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