European Commission Grants Greece 1 Billion Euros for Renewable Energy Projects
With the aim to bolster renewable energy infrastructure, the European Commission has greenlit funding of 1 billion euros for two key projects in Greece
An irrigation system running renewable energy developed by a Bulgarian company sparked interest from Qatar, Nigeria and Ethiopia.
A prototype of the system has already been installed and is functioning in the southeastern village of Polyana, Yambol district, where the technology services a farm of 50 decares, according to reports of Capital daily.
The irrigation system is an installation of solar panels or windmills which supply energy to the pumps extracting water from the ground, thereby saving electricity costs and the need to access energy infrastructure.
The system was built by an engineering team of the company Green Technologies Industry with EU funding under operational program "Competitiveness" amounting to BGN 300 000.
The irrigation system was exhibited at an international forum in March, after which international entities expressed interest, according to Martin Ganev, a member of the team which created the device.
In an interview for Capital daily, Ganev explained that the efforts of the company in 2014 would be focused on the commercialization of the innovation so as to make it more affordable for agricultural producers.
He informed that the current price tag of the technology amounted to BGN 10 000 - BGN 100 000.
Ganev was positive that the technology would be used extensively in 6-7 years' time, adding that it would prove its efficiency and economic viability in the conditions of constant climate changes on a global scale.
Despite the global escalation of the trade war, there have been no significant negative trends in Bulgaria’s tourism sector so far
Intercompany debt is a common aspect of the business landscape, both in Bulgaria and Western Europe
Starting April 17, Bulgaria Air has launched a new seasonal direct route between Varna, Bulgaria, and Paris, France
Bulgarians may begin exchanging their lev for euros if the upcoming convergence report
In July, Bulgaria’s eurozone entry plans will be definitively clarified
A recent survey by the Bulgarian Industrial Capital Association shows that many Bulgarian companies anticipate a decline in production due to the new tariffs on imports announced by U.S. President Donald Trump
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase