Investments in Bulgaria Grow in Defiance of Pandemic: PM Borissov
"Despite the pandemic, investments in Bulgaria not only do not shrink, but are even growing.
An investment package of nearly EUR 150 M into the Bulgarian economy is being considered by leading copper producer Aurubis, the company's CEO Tim Kurt has said.
At a press conference, Kurt and the company's Secretary General Georgi Nikolov warned of a number of challenges that Bulgaria's business environment poses to businesses, such as the administrative burden.
Electricity prices for industrial consumers are also of concern, with the company paying EUR 50 per MWh in Bulgaria compared to around EUR 40 competitors give for the same amount in Germany, France and Spain.
Aurubis has also called for long-term contracts for electricity supply (instead of the current ones spanning just a year) to boost business planning.
In 2016, Europe's biggest copper producer is to set aside some EUR 44-50 M to renovate its plant in the town of Pirdop in Western Bulgaria.
Aurubis is also the most intensive user of Bulgarian ports and freight transport with over 2 million tonnes of cargo every year.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a sign of the changing climate's impact on agriculture, Bulgarian farmers are gearing up for an early start to the wheat and barley harvest this year as soaring temperatures hasten crop ripening
Online gambling and casinos are becoming quite the attraction for players and enthusiasts alike.
Online sports betting has taken the world by storm, offering enthusiasts an exciting way to engage with their favorite sports.
In response to the ongoing war between Russia and Ukraine, the European Commission has greenlit a significant aid package for Bulgarian farmers, totaling approximately 86.9 million euros
If you compare today's casino experience with two decades back, you can tell that a lot has changed.
Game distributors and casino sites want to be as accessible and user-friendly as possible.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022