War in Ukraine and Falling EU Demand Drive Bulgaria’s 2025 Export Decline
Bulgaria’s export sector continued to face challenges in 2025, marking the third consecutive year of decline
Bulgaria's Minister of Economy and Energy Dragomir Stoynev, photo by BGNES
Bulgaria's government is launching a new policy aimed at enhancing dialogue with the business sector, according to Economy and Energy Minister Dragomir Stoynev.
Stoynev, as cited by mediapool.bg, made clear Monday that the new policy would put special emphasis on regions.
"Our main goal is to meet with local-level Bulgarian entrepreneurs in order to prepare concrete policies, instead of having Sofia present the policies which businesses implement," he stated.
Stoynev told journalists that he was going to meet large-scale producers from the southern Bulgarian districts of Haskovo and Dimitrovgrad to get acquainted with their needs.
He underscored the importance of implementing a foreign policy in line with the needs of Bulgaria's business sector.
Bulgaria's Economy and Energy Minister explained that the government sought to support businesses in their export activities and to orient companies towards markets characterized by high economic growth and high demand rates.
Drawing attention to the much-debated topic of businesses struggling to find qualified employees, he informed that budget 2014 would be education-oriented.
"We cannot go without concrete education reform which meets the needs of Bulgarian businesses. We need engineers, fitters, welders, but most of all technicians. A growing business sector needs the support of the state," he declared.
"We want to implement a number of pilot projects in order to grant Bulgarian businesses immediate access to well-trained employees," Stoynev said, adding that the Ministry of Economy and Energy, the Education Ministry, and the Ministry of Labor and Social Policy would sign an agreement in September on the introduction of the so-called dual education system under which students at secondary schools would combine studying with working in order to acquire practical skills.
Global oil markets opened the week with an abrupt surge in prices, pushing crude benchmarks above the symbolic USD 100 per barrel mark for the first time since the early stages of the war in Ukraine in 2022
Bulgaria’s economy expanded by 3.0% in the fourth quarter of 2025 compared to the same period in 2024, according to preliminary figures from the National Statistical Institute. On a quarterly basis, seasonally adjusted data indicate a growth of 0.8% relat
One week after the start of the US and Israeli strikes against Iran, the effects are already visible on global oil markets. The escalation quickly influenced trading on international exchanges, where crude oil prices reacted to the rising uncertainty surr
The Pazardzhik-based battery manufacturer "Elhim-Iskra" will halt operations and begin laying off staff, affecting nearly 200 employees
Fuel prices in Bulgaria have risen by 2 to 5 percent over the past week, largely due to supply restrictions following the outbreak of military operations in the Middle East
In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
Novinite 2025 in Review: A Year That Tested Bulgaria and the World
A Disgraceful Betrayal: Bulgaria's Shameful Entry into Trump's Board of Peace