Bulgarian Travel Abroad Surges: Turkey, Greece, and Romania Top Destinations
In March, there was a significant uptick in Bulgarians traveling abroad, marking a 19.1% increase from the previous year, amounting to 679.1 thousand trips
The third largest company in revenue in Bulgaria - Bulgaria based Aurubis, in the copper industry, plans to invest 260 million leva in its business in the country over the next four years. These funds will be used to modernize the infrastructure at the company's plant in Pirdop. This is what the CEO Tim Kurth said in an interview with "24 Hours".
"We want to modernize the plant's entire infrastructure in a few steps - pipelines, drainage systems, communications, some buildings will be completely renovated," he said, adding that over the last two decades, 1.2 billion leva have been invested in the production base.
"We have succeeded in upgrading our production facilities to the highest level so as not to obstruct the maintenance of a certain production rate, we have achieved capacity upgrading and we have to prove that we are able to keep it in the long term," Kurth added.
The head of Aurubis also points out that in partnership with Navibulgar, the company invested indirectly EUR 23 million in the port of Burgas. The funds were used to build two terminals for unloading and storing copper concentrates and sulfuric acid.
Regarding the company's contribution to the country's economy, Tim Kurth explains: "We are responsible for 9% of exports and 6% of Bulgaria's imports in 2017". According to him, a quarter of the raw material from the Aurubis plant is delivered to companies in Bulgaria.
Among the important markets for the company are Turkey, Italy, Germany and Belgium. The manufacturer also exports to Serbia and Morocco as well as to China. According to Coface data, Aurubis is third in revenue for 2017 on the Bulgarian market with EUR 2,566 billion realized. On an annual basis, the company accounted for more than 55% of its revenue, reaching € 1,651 billion in 2016. Before them were only Bulgarian Energy Holding and Lukoil Neftochim Burgas with a turnover of respectively EUR 3,105 billion and EUR 2,299 billion last year.
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In March, there was a significant uptick in Bulgarians traveling abroad, marking a 19.1% increase from the previous year, amounting to 679.1 thousand trips
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
The director of "SOF Connect," the airport's concessionaire, stated to BNR that Sofia Airport anticipates accommodating 7.4 million passengers this year
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022