Expansion Underway: Sofia Airport Terminal 2 to Add 1000 New Parking Spaces
Deputy Minister of Transport and Communications, Anna Natova, announced the commencement of construction for an outdoor parking lot at Terminal 2 of Sofia Airport
The Bulgarian Industrial Association (BIA) has warned the country ranks last in the size of foreign investment drawn by EU member states.
In an interview with public radio BNR, BIA Chairman Bozhidar Danev has added investment into the country is "mainly based on public money and EU funds."
"If we want to have a 21st century economy, we need to rely first and foremost on new serious investment," he has argued, pointing to the need to invest not only in business projects but also in education.
His words follow a dispute between Bulgaria's central bank and the state-run investment promotion agency over whether there was a drastic drop in the value of foreign direct investment last year.
Danev has expressed cautious optimism about the upcoming interim government.
"Every change of power is accompanied by hope," he has said, suggesting that under conditions of increased antagonism between the main parties and the likelihood of political crises after the snap election in the spring, President Rumen Radev's caretaker administration may have to remain in office for months.
"The most important thing if the interim government continues working [for a long time]: We are all convinced in the serious corruption ties between political elites and businesses. It may become easier to identify some of these corruption ties, due to the fact that new people will come [to politics] and some will lose their power after leaving Parliament."
"The caretaker cabinet might help for a fair and competitive economy resting on market principles."
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Trade relations between Bulgaria and Ukraine have reached unprecedented heights, with bilateral trade hitting a record 3 billion USD in 2022, according to statements made during the recent Bulgarian-Ukrainian business forum
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
In a significant development, the Russian army has seized control of the pivotal village of Ocheretyne in the Donetsk region of Ukraine, a strategic location crucial for Ukrainian defense efforts
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022