Sharp Decline in Foreign Direct Investment in Bulgaria
Foreign direct investment (FDI) in Bulgaria recorded a net positive flow of 1.24 billion euros for the first nine months of 2024
The government has greenlit ambitious projects to attract substantial foreign investments totaling EUR 500 million across Pleven, Maritsa-Plovdiv, and Shumen, as announced by Prime Minister Nikolai Denkov. Denkov emphasized the pivotal role of these investments in elevating workers' wages and achieving European living standards.
Pleven is set to witness an expansion at the Rubin glassworks, introducing a 300-ton furnace, warehouse constructions, and emission reduction measures, promising around 150 job opportunities. Simultaneously, Montana will host an innovative production site embracing renewable energy sources, the first in Central and Eastern Europe, generating 105 jobs. Shumen is poised to scale up its aluminum alloy production, forecasting 136 job openings.
The Bulgarian parliament has failed once again to elect a speaker, marking its ninth unsuccessful attempt
The U.S. Department of Homeland Security (DHS), through Homeland Security Investigations, has provided Bulgaria’s Ministry of the Interior with advanced equipment aimed at bolstering the country’s border security
This morning, the United States Army carried out its scheduled transfer of forces at the Novo Selo Training Area (NSTA)
In recent months, Bulgarian politics have been marked by tension and instability, fueled by the deepening rifts between key political figures and parties
Bulgaria has decided to provide additional military aid to Ukraine, as confirmed by the latest meeting of the caretaker government led by Dimitar Glavchev
Caretaker Prime Minister Dimitar Glavchev has announced a request to the Ministry of Finance to ensure that defense spending exceeds 2% of Bulgaria’s gross domestic product (GDP)
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