Bulgaria's External Debt Reaches €44.4 Billion: National Bank Report
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
Europe's largest bus carrier, Germany's FlixBus, has announced that it has reached an agreement to acquire Turkey's Kamil Koç, a leading long-distance carrier in our southern neighbor. Its network is about to be integrated into that of FlixBus. Kamil Koç operates services to 61 cities across Turkey, with over 20 million passengers in 2018.
"The company will be gradually integrated into the extensive FlixBus network, which already offers over 350,000 daily connections to more than 2,000 destinations in 28 European countries and the United States," the German group said. The deal will become a fact after approval by the regulatory authorities.
"We are extremely happy to welcome Kamil Koç into the family to launch a new era in the Turkish mobility market. After evaluating the business, we will work to expand the existing network even more and optimize demand schedules," said the founder and FlixBus CEO Jochen Engert.
The German leading bus carrier has been working on the Bulgarian market since 2018, starting with trips from the capital to Hungary, Austria, and Romania. In the spring of this year, the first shipments from Plovdiv started. The first routes announced were to Szeged, Budapest, and Vienna. Last week it became clear that new destinations will be added from Sofia and Plovdiv - Zagreb, Ljubljana, Falich, Salzburg and Munich.
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Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
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.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022