Bulgaria: Business Will Have Breath of Air in Pandemic, New Aid Program Is Worth BGN 78 M
Bulgaria’s government launches a new measure to support business in time of crisis.
The Deputy Minister of Economy Lilia Ivanova and Fabrizio Zarcone, Permanent Representative of the World Bank Group for Bulgaria, the Czech Republic and Slovakia held a meeting at which they agreed on a partnership between the Ministry of Economy and the World Bank Group.
The results of the analytical and advisory services, which are planned to be provided by the World Bank Group, are expected to reflect the opportunities for Bulgaria to stimulate economic growth through investment in innovation, as well as the capacity of enterprises to become more innovative and competitive on the Bulgarian and international market.
They also discussed the possibility of developing a stable and sustainable ecosystem of start-ups, as well as moving from a traditional to a circular economy, which would enhance the efficient use of energy and resources. The role of industrial zones for the provision of value added services and products, which contributes to the innovation of enterprises in and around their territories, needs to be strengthened.
Deputy Minister Ivanova emphasized that innovations are a major driver of the competitiveness of the economy and added that Bulgaria strives to move beyond the so-called “timid innovators" group and join the so-called "Moderate" innovators.
If traders attempt to unjustifiably raise prices during the transition to the euro, the National Revenue Agency (NRA) will detect it through discrepancies in VAT declarations
In the span of just three years, Bulgaria's grain producers have seen their access to European markets completely disappear
The CEO of the Sofia Commodity Exchange, Vasil Simov, dismissed speculation about any dramatic price hikes on the market
From July 1, 2025, electricity and thermal energy prices in Bulgaria are set to increase
Between 50,000 and 70,000 foreign workers may enter Bulgaria by the end of 2025 if the current pace of labor import continues
The Bulgarian online casino market has come a long way, from sudden boom, through regulation jolts, to a more recent balanced phase.
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe