First Sod of The Supercomputer made in Sofia. Bulgaria Becoming a Digital Hub in the Region
“With its huge power, the supercomputer in Bulgaria will be able to make billions of operations, comparisons and conclusions within an hour. The heat generated by it will be used to heat neighboring buildings. After its construction, Bulgaria will establish itself as a digital hub in... Read More →
Bulgaria reports 0.3% economic growth in Q1 2020
Bulgaria’s economy grew by 0.3 per cent in the first quarter of the year, according to preliminary data announced by the National Statistical Institute (NSI) on June 4. The figure was in line with NSI’s flash estimate released last month.... Read More →
Bulgaria’s BBB credit rating, outlook revised to stable
S&P Global Ratings has re-affirmed its long- and short-term foreign and local currency sovereign credit ratings on Bulgaria at ‘BBB/A-2’, but downgraded its outlook from positive to stable. The change in outlook was due to the “significant deterioration of growth... Read More →
Bulgaria January-April 2020 Budget surplus at 1.63B leva
Bulgaria’s Finance Ministry said on May 29 that the consolidated Budget surplus for the first four months of 2020 was 1.63 billion leva, exceeding the ministry’s forecast of 1.59 billion leva issued last month. This was a significant drop compared... Read More →
Foreign Investments in Bulgaria Increased by 100 Million Euros in the First Quarter of 2020
According to data of the Bulgarian National Bank, foreign investments in Bulgaria increased by 100 million euros in the first quarter of 2020 compared to the same period of 2019. By the end of March, more than 254m euros were invested in... Read More →
Why Now Is Still a Good Time to Start a Business
To most people, this may not seem like a great time to start a new company, but that’s exactly why it is. If you follow conventional wisdom, then this is likely the worst time to start a new business. People are more... Read More →
Bulgaria Q1 2020 Budget surplus at 1.43B leva
Bulgaria’s Finance Ministry said on April 30 that the consolidated Budget surplus for the first three months of 2020 was 1.43 billion leva, exceeding the ministry’s forecast of 1.28 billion leva issued last month. This was a significant drop compared... Read More →
Bulgaria’s exports in January – November 2019 up 3.7%
In January – November 2019, the total value of all the goods exported from Bulgaria amounted to 53 758.2 million leva, about 3.7 per cent more than January – November 2018, the National Statistical Institute (NSI) said on January 13,... Read More →
Bulgarian economy to grow by 3% in 2020 – World Bank forecast
Bulgaria’s economy was set to grow by three per cent in 2020, according to the latest World Bank’s Global Economic Prospects report, released on January 9. That figure is below the 3.6 per cent growth estimate for Bulgaria’s economic growth... Read More →
Unemployment in Bulgaria in November 2019 was 3.7%
Unemployment in Bulgaria in November 2019 was 3.7 per cent, down from 4.8 per cent in November 2018, according to seasonally-adjusted figures released on January 9 by European Union statistics agency Eurostat. The November 2018 figure represented about 294 000... Read More →
