Send to Kindle
Source: Pixabay
40% of Bulgaria's Gross Domestic Product is formed by the capital, said Doncho Barbalov, the Deputy Mayor of Sofia in the Finance and Economic Activity Division.
"Sofia has a significant share in the GDP of the country, 40% of it is formed in Sofia, the city generates 2-2.5 times higher GDP per capita. The role of Sofia as an economic engine of the country is extremely large" , he announced during a seminar on "Draft Budget for Sofia Municipality for 2018".
"The last months and years have seen extremely low unemployment, practically below 3%, which is the minimum that an economy could have," he added, adding that Sofia has a very high wage growth compared to the average for the country . "The labor force in the city is the biggest asset we have. This is one of our biggest advantages over all other regions of the country, "said Doncho Barbalov. "At present, Sofia has the highest rating it can have, which is a great news and a confirmation of our sound financial policy in recent years," Deputy Mayor pointed out.
"In recent years, there has been an ever closer link between business and training to enable universities to prepare staff that the economy needs," he said.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
China's economy experienced robust growth in the first quarter of 2024, defying market expectations and signaling resilience amid challenges in the property market
China's economy experienced robust growth in the first quarter of 2024, defying market expectations and signaling resilience amid challenges in the property market
Bulgaria's economy experiences annual losses amounting to hundreds of millions of euros due to its exclusion from land-based Schengen membership.
In a chilling turn of events, the lifeless body of a man was discovered in Sofia's "Zapaden Park" yesterday, as reported by NovaTV
In connection with the replacement of a shut-off valve on "Beli Dunav" street, district "Nadezhda-3" from Sofia Water warns that today (April 16) it is necessary to stop the water supply from 9:00 a.m. to 9:00 p.m.
Vasil Velev, Chair of the Bulgarian Industrial Capital Association (BICA), delivered a stark assessment of the European Union's (EU) economic performance, highlighting concerns over its lackluster growth compared to global counterparts
I feel no moral guilt towards anyone. This was stated by Kiril Petkov, answering a question whether he would apologize to the Bulgarian people for violating the Constitution.
Head of the Military Medical Academy (MMA) Major General Prof.
The Ministry of Finance has revised its autumn forecast for economic development.
Bulgarian police arrested a Russian citizen and two Lithuanians on suspicion of exporting “sensitive information” from the Arsenal military plant in Kazanlak.
The government has changed its order requiring state-owned companies to pay a dividend to the budget.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
