Informal Employment Persists in Bulgaria’s Service and Restaurant Sectors
The practice of hiring workers without formal employment contracts remains a widespread violation of labor and social security laws in Bulgaria
A Gulf consortium has brought the concession procedure for Sofia Airport to a halt, officials say.
The entity named MAK/ADMAK, which brings together Kuwait-based Mohammed Abdulmohsin Al-Kharafi & Sons and Saudi-based Admak General Contracting Company, has lodged a claim with the Commission for Protection of Competition.
MAK/ADMAK has launched a litigation case against Sofia Airport, arguing the latter has failed to pay compensations.
In 2006, the consortium built a new runway for Sofia Airport, but then reported it had not been paid dozens of millions of USD it was to receive under its contract with the Sofia Airport.
A Paris arbitration ruled in 2011 that Sofia Airport was to pay more than USD 40 M to MAK/ADMAK.
The Bulgarian government announced it was opening a tender for the airport earlier in June.
The practice of hiring workers without formal employment contracts remains a widespread violation of labor and social security laws in Bulgaria
Preparations for Bulgaria’s entry into the eurozone are well underway, despite the exact timeline remaining uncertain
Bulgaria is on the verge of meeting the inflation criterion
The Ukrainian parliament has approved the purchase of two Russian nuclear reactors that were originally intended for the Belene Nuclear Power Plant (NPP) in Bulgaria
Wizz Air has resumed its flights from Sofia to Tel Aviv
The European Bank for Reconstruction and Development (EBRD) has significantly increased its investments in Bulgaria for 2024
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