Bulgaria Faces Over 2.8 Billion Leva Deficit at End of Q3
At the end of the third quarter, Bulgaria’s treasury faced a deficit exceeding 2.8 billion leva
At a recent meeting, Minister of Economy and Industry Dr. Petko Nikolov and India’s Ambassador to Bulgaria, H.E. Sanjay Rana, discussed advancing Bulgaria and India’s economic cooperation, particularly in the IT and services sectors. The two officials underscored the importance of these areas, noting that the top five Indian IT companies now have offices in Bulgaria, where they employ Bulgarian specialists and engineers.
Highlighting Bulgaria and India’s longstanding positive bilateral relationship, Minister Nikolov expressed Bulgaria’s commitment to strengthening economic ties. Both parties acknowledged the growing interest among Indian firms to invest in Bulgaria across a range of sectors, including agriculture, defense, pharmaceuticals, engineering, clinical research, tourism, and hospitality.
Dr. Nikolov and Ambassador Rana emphasized the importance of fully leveraging the trade potential between the two nations. To this end, they discussed the upcoming Bulgarian-Indian intergovernmental commission on economic cooperation, planned for early next year, as a key event to further bilateral partnerships. In conjunction with this meeting, plans are underway to organize a business forum aimed at fostering new partnerships between Bulgarian and Indian companies.
The meeting coincided with a conference marking the 70th anniversary of diplomatic relations between Bulgaria and India. During the event, Deputy Minister of Economy and Industry Nikolay Pavlov emphasized the strategic importance of this enduring partnership to both economies.
During a meeting with U.S. Department of Homeland Security (DHS) Assistant Secretary for International Affairs Adam Hunter, Acting Prime Minister Dimitar Glavchev discussed Bulgaria's progress towards joining the U.S. Visa Waiver Program
The Palestinian authorities will maintain their insistence on securing the release of the two Bulgarians captured from the Galaxy Leader ship
The Ministry of Foreign Affairs has urged Bulgarian citizens residing in Iran to leave the country immediately due to rising tensions in the Middle East
The evacuation of Bulgarian citizens from Lebanon is underway
The Bulgarian Ministry of Foreign Affairs has urged all Bulgarian citizens to avoid travel to the Republic of Lebanon
Bulgaria is establishing an honorary consulate in Romania, based in Cluj-Napoca
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023