Russian Forces Launch Attacks on Infrastructure in Central Ukraine
Russian forces have carried out targeted attacks on critical infrastructure sites in central Ukraine, causing widespread alarm and disruption
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
The Bulgarian Construction Chamber is demanding state subsidies for construction firms which are bidding in tenders in non-EU countries such as Morocco and Algeria, for example.
Bulgarian construction companies need government subsidies in order to deposit the bank guarantees required by the non-EU states, according to the head of the Bulgarian Construction Chamber Svetoslav Glosov, as cited by the Pari daily.
Glosov said Friday that the third countries' requirements for deposits is the greatest obstacle before Bulgarian construction companies trying to win tenders abroad.
The Bulgarian Construction Chamber has already signed a memorandum with Algeria allowing Bulgarian companies to participate directly in tenders in the North African country, which has a massive investment plant providing for residential and infrastructure construction worth USD 340 B over the next five years.
On Sunday, June 19, a delegation of the Bulgarian Construction Chamber and the Confederation of Employers and Industrialists in Bulgaria (CEIBG) will head to Morocco to sign a similar memorandum, as Bulgarian builders hope to be able to make a breakthrough in Morocco as well.
As far as the local construction sector is concerned, which was the backbone of Bulgaria's economic boom before the economic crisis hit in 2008, Glosov announced that there is a slight growth only in infrastructure construction financed with under EU projects, and a very slight improvement in the residential building.
Bulgarian Regional Development Minister Rosen Plevneliev expects that the Bulgarian construction sector will re-hire about 25 000 workers in the coming months. There are between 60 000 and 80 000 construction workers who have been laid off in Bulgaria as a result of the crisis, according to data of the Bulgarian Construction Chamber.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
Svetoslav Stanulov, chairman of the Association of Bulgarian Airlines (ABA), has emphasized the need to assess Sofia Airport's potential as a hub for transit and transfer flights
Pegasus Airlines is set to recommence its scheduled flights between Sofia and Istanbul, marking a significant milestone in air travel connectivity between Bulgaria and Turkey
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022