Bulgarian Exports to Romania Surge Nearly 19% in Early 2025
Bulgarian exports to Romania saw a significant rise of nearly 19% in the first quarter of 2025
The repaired Bulgarian section of Danube Bridge 1 between the city Ruse and Romania's Giurgiu was opened Saturday by Prime Minister, Boyko Borisov.
The bridge is the only one existing on the Danube to connect Bulgaria and Romania, for which the Bulgarian government has allocated BGN 1.7 M.
Borisov was accompanied at the ceremony by Regional Minister, Rosen Plevneliev, Transport Minister, Ivaylo Moskovski, and Culture Minister, Vezhdi Rashidov.
"Our Danube capital Ruse needed these reconstruction works. When facts speak for themselves, even the opposition remains quiet. When our visitors enter Bulgaria, they will immediately feel the upsurge that is taking place in our country. Construction works at the Danube 2 bridge are also progressing nicely and I hope once it is finished traffic will double on both" Borisov said at the opening.
The Bulgarian side of Danube Bridge 1 was repaired in the course of two months with works launched on June 30, and finished on time and on schedule. The asphalt pavement, the hydro-isolation and the concrete pavement under the asphalt were fully replaced.
The so-called joint Danube strategy of Bulgaria and Romania includes hydro power cascades on the Danube as well as building more Danube bridges in addition to the existing Danube Bridge 1 and Danube Bridge 2 at Vidin-Calafat, which is still under construction. There have been discussions of combining the future bridges and hydro-power plants.
Energy Minister Zhecho Stankov has firmly criticized the 2022 agreement between state-owned Bulgargaz and Turkish company Botas, arguing that there was no objective reason to enter into such a deal
The Bulgarian National Bank (BNB) projects that Bulgaria’s real GDP will continue expanding steadily over the coming years
An American company specializing in robotic and minimally invasive surgery has launched a new production facility in the Bulgarian town of Parvomay, marking a key step in its European expansion
Two leading global credit rating agencies, Fitch Ratings and S&P Global Ratings, have raised Bulgaria’s long-term foreign currency credit rating to ‘BBB+’ with a stable outlook, marking the highest level in the medium investment-grade tier
The adoption of the euro inevitably brings a degree of unease and uncertainty, much like the introduction of the currency board in the 1990s
Loan interest rates in Bulgaria are expected to stay stable even after the transition to the euro
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