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Photo: Garanti Koza
The Bulgarian Council of Ministers has now approved a project-memorandum of collaboration between the government and investor Garanti Koza Bulgaria.
The document was regarding the project named Grand Kanyon - Sofia.
A large-scale tourism and recreational complex is to be built in the Sofia neighborhood Mladost on territories owned by the Turkish company.
The total cost of the investment will be BGN 120 M, which will involve the construction of a shopping mall, a 765-suite living complex, hotel, a park, amphiteater, children's playground and a skate park. Approximately 240 new employment opportunities will be created through the project.
The names chosen for the three buildings are ''Rila'', ''Vitosha'' and ''Pirin'', named after three of Bulgaria's mountains.
It is expected that construction works for the project will be completed by January 2018.
In the fourth quarter of 2025, the average salary in Bulgaria reached €1,369, reflecting an annual increase of 11%, according to data from the National Statistical Institute (NSI)
The Ministry of Interior has published a report detailing its investigation into the activities of the association linked to Ivaylo Kalushev. The document is now publicly available on the Ministry’s website.
Bulgaria is bracing for a challenging day on Wednesday, February 18, as icy conditions, strong winds, and widespread precipitation are expected, the National Institute of Meteorology and Hydrology (NIMH) reports
Sofia Municipality has initiated the process to acquire 80 new trams, with an initial market consultation already posted on the national public procurement portal.
Bulgaria is set to complete construction of its first observation station for the world’s largest low-frequency radio telescope by the end of 2026
Bulgaria has formally raised concerns about violence and hate speech targeting the Bulgarian ethnic community in the Republic of North Macedonia before the Council of Europe
Financier Levon Hampartzumyan has forecast a gradual rise in loan interest rates in Bulgaria, noting that current levels are historically very low and cannot be sustained indefinitely.
The withdrawal of lev banknotes and coins is continuing in line with the approved schedule, although the pace of the process is expected to ease in the coming period
Bulgaria has officially launched the 2026 tax campaign for income earned in 2025, and early results show strong public engagement.
The latest data from the Bulgarian National Bank reveal a striking growth in large household deposits by the end of December 2025.
Bulgaria’s economy continued to show steady momentum throughout 2025, placing the country among the fastest-growing economies in the European Union, according to data presented by the Ministry of Economy and Industry
Revenue from overnight stays in Bulgaria continued to rise at a solid pace at the end of 2025, with hotel income in December increasing by 12.5 percent on an annual basis
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