Bulgaria Faces Record Low Electricity Exports Amidst Slow Energy Sector Reforms
In 2024, Bulgaria’s electricity sector faced significant challenges, with a sharp decline in exports and a rise in domestic consumption
The Ambassador of Sweden to Sofia Louise Bergholm told Bulgaria’s Minister of Economy Emil Karanikolov that 74% of the Swedish investors in Bulgaria are planning to expend their business in that country, reported BNR.
A survey among those investors shows that most of them assess very positively the local business climate.
The Swedish business employs nearly 8.500 people in Bulgaria.
In 2016 bilateral trade increased with 10.2% as compared to the previous year. Bulgaria’s export to Sweden increased with 19.5% and imports from Sweden rose slightly with 1.5%.
The Bulgarian government has effectively abandoned its plan to enter the eurozone on January 1, 2026
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
The adoption of amendments to the Law on the Bulgarian National Bank (BNB), crucial for Bulgaria's entry into the eurozone, was unexpectedly blocked in parliament as the ruling GERB party withheld its support
The President of the European Parliament, Roberta Metsola, highlighted Bulgaria's progress toward adopting the euro as its primary currency, describing it as "one step away"
The flu epidemic has now spread to six regions across Bulgaria, with Plovdiv and Blagoevgrad being added to the affected areas today
At the Sofia Economic Forum V, experts expressed strong support for Bulgaria's potential membership in the eurozone, predicting significant positive impacts on investor confidence
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability