Small Businesses Face Toughest Challenges Ahead of Bulgaria’s Euro Adoption in 2026
Small and medium-sized enterprises in Bulgaria are expected to face the greatest difficulties once the euro becomes the country’s official currency in 202
Photo: BGNES
We are very proud of the exceptional dynamics in the economic relations between Bulgaria and Germany, as in the past ten years, the trade exchange has increased seven times.
The statement was made by Bulgarian president Rosen Plevneliev at the opening of an industrial site for air-conditioning installations. The investment was executed by a Germany company and is worth over BGN 40 M.
'' We are very happy with the success of the Bulgarian automobile cluster that was created merely three years ago and today continues as a dynamically developing organization,''stated Plevneliev. ''We have tens of new factories and production facilities, as well as employment opportunities. It is an honor and a proof that we are moving along the right track.''
He added that the projects that were in the making merely three years ago are now a reality, and Bulgaria has been chosen by companies like Mercedes, Porsche, Audi and many others. Plevneliev said that the Bozhurishte Industrial Zone is one of a kind, as it is strategically situated near all major of motorways.
Bulgaria's Economy Minister Lukarski added that the project is a great success of the country as Bulgaria won in competition with seven other Eastern European countries. The main reason for the competitive advantage was said to be the favorable tax policy.
Bulgaria’s government is moving quickly to introduce legislation that would allow the appointment of a special state manager to oversee the operations of Lukoil in the country.
Police in Stara Zagora, Bulgaria, have uncovered an organized criminal group responsible for siphoning large amounts of fuel from a Lukoil pipeline located south of the city.
The European Commission has urged Bulgaria to move faster on expanding the capacity of the Chiren gas storage facility
Ascot Racecourse delivered another thrilling moment for British racing as Oisin Murphy claimed the £50,000 World Pool Jockeys’ Championship title.
Deputy Governor of the Bulgarian National Bank (BNB) Assoc. Prof. Petar Chobanov stated that Bulgaria’s forthcoming adoption of the euro will transform not only the country’s financial system but also its position within Europe
Bulgarian economist Viktor Papazov, a Harvard graduate and one of the founders of the Bulgarian Stock Exchange and the Central Depository, has delivered a stark warning about Bulgaria’s adoption of the euro
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence