Severe Road Conditions in Bulgaria Due to Low Temperatures, Strong Winds
Road Conditions in northeast Bulgaria remain severe.
The Bulgarian “Road Infrastructure” Agency (API) reports increased interest on the part of businesses wishing to supervise the construction of Lot 3 of the “Trakiya” highway.
12 companies have submitted offers for the section linking the town of Nova Zagora with the city of Yambol. The offers were officially opened Monday.
In the previous public tender, for Lot 2, between the city of Stara Zagora and Nova Zagora, 8 companies submitted proposals.
Bozhidar Yotov, Chair of API Managing Board, said the completion of the highway is on time and on schedule, adding the builder for Lot 3 will sign the contract by the end of July and the groundbreaking will be held in the beginning of August. The Greek company “Aktor” submitted the lowest bid of EUR 1.9 M per kilometer.
At the end of May, API and Put Invest Engineering JSC company signed a contract for supervising the construction of Lot 2 of the Trakiya Highway.
Bulgaria’s tie-in "Unified Highway Trace" won the tender for the construction of the 32-kilometer-long section between Stara Zagora and Nova Zagora at the end of February and a month later signed a contract with API.
The Bulgarian consortium submitted the lowest bid - BGN 137,86 M – in competition with three other approved applicants. 4 000 jobs will be created by the project in the Stara Zagora region.
The project will be funded entirely by the state budget until Brussels approves funding under the Operational ‘Transport’ Program.
Energy Minister Zhecho Stankov shared encouraging news for Bulgaria’s energy sector, highlighting that financial institutions are prepared to provide funding eight times greater than what is required for the construction
From August, the familiar large digital boards and fuel pumps at gas stations across Bulgaria will not be showing prices simultaneously in both leva and euros
The National Revenue Agency (NRA) has launched a large-scale inspection targeting thousands of Bulgarian citizens who own real estate abroad
The Bulgarian National Bank (BNB) will begin issuing commemorative coins in euros starting next year
The European Council's decisions from July 8, 2025, marked the final approval for Bulgaria to adopt the euro as its official currency starting January 1, 2026
Scope Ratings has upgraded Bulgaria’s long-term credit rating from ‘BBB+’ to ‘A-’ in both local and foreign currency terms
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