Italy to Fund NATO Battlegroup Base in Bulgaria, Hosting Over 3,000 Troops
Italy will fund the construction of temporary infrastructure for a NATO battlegroup base in Bulgaria, after Bulgaria’s parliamentary defence committee approved the agreement
Delyan Dobrev, Minister of Economy, Energy and Tourism, opened Tuesday the upgraded plant of Salvamed AD in Sandanski. Photo by BGNES
Delyan Dobrev, Minister of Economy, Energy and Tourism, has emphasized that Bulgaria is making efforts to support companies which want to invest in the country.
Speaking Tuesday at the opening of the new plant of Salvamed AD in the southwestern town of Sandanski, he said that Italian investments in Bulgaria were very serious and mostly concentrated in the sphere of production.
He noted that Italian investments created tens of thousands of jobs in the country.
Bulgaria's Minister of Economy, Energy and Tourism thanked the owners of the plant for the investment, part of which is financed under the Competitive Power Operational Program.
The project for technological upgrade of the plant of Salvamed AD had a price tag of nearly BGN 2 M, half of which was granted under the Competitive Power OP.
Salvamed AD specializes in the production of bandages and plaster bandages.
"Although the economic situation is still difficult, this investment is happening. This is proof that the government managed to create a suitable business climate," Dobrev emphasized.
He reminded that each investor certified as class A, B, and C had been assigned a personal assistant at the InvestBulgaria Agency six months ago.
Dobrev added that Parliament was to discuss amendments to the Investment Promotion Act allowing all investors certified as class A and B to get back social security payments for a period of two years, specifying that the step would reduce human resources expenses by 17.4%.
"I am sure that this will help create new jobs and reduce unemployment," he said, adding that the amendments were universally considered as very good news among investors.
The annual campaign for filing personal income tax returns under Article 50 of the Personal Income Tax Act is underway
Two-room dwellings make up the largest portion of newly built homes in Bulgaria, according to data for the fourth quarter of 2025.
The Bulgarian National Bank reported that as of February 6, 2026, the withdrawal of lev banknotes and coins and their replacement with euro cash is progressing in line with the applicable legislation and the operational plans approved for the transition.
In 2024, about 68% of households across the European Union were owner-occupied, a slight decline from 69% in 2023, according to Eurostat data. The remaining 32% of the EU population lived in rented homes, up from 31% the previous year.
Retail trade in Bulgaria continued its strong momentum at the end of 2025, standing out among European Union countries as one of the top performers, according to Eurostat data.
Between 2019 and 2023, Bulgaria’s industrial sector has experienced a significant contraction, with roughly 104,557 jobs lost, nearly half of them in the processing industry, amounting to almost 15% of the country’s industrial workforce
Novinite 2025 in Review: A Year That Tested Bulgaria and the World
A Disgraceful Betrayal: Bulgaria's Shameful Entry into Trump's Board of Peace