FDI in Bulgaria in January-April 2022 was 653.2M euro
Foreign direct investment in Bulgaria in the first four months of the year stood at 653.2 million euro, the equivalent of 0.9 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on June... Read More →
Bulgaria January-August 2021 Budget surplus at 880.5M BGN
Bulgaria’s Finance Ministry has said that the consolidated Budget surplus for the first eight months of 2021 was 880.5 million leva, falling short of the ministry’s forecast of 885 million leva issued last month. This was a sharp decline from... Read More →
Why to choose Bulgaria for your company?
The real question is: Why not Bulgaria? Bulgaria, a member of the European Union, is an economic attraction for many businesspersons around the globe and many consider it the “Silicon Valley of Europe”. The qualified and affordable workforce Bulgaria is,... Read More →
Bulgaria and German firm sign memo on 140M euro investment in electric car plant
On behalf of the Bulgarian government, caretaker Economy Minister Kiril Petkov signed a memorandum on July 10 with German-based startup Next.e.Go Mobile on an 140 million euro investment in the construction of an electric car manufacturing plant in Lovech, reports... Read More →
The Most Powerful Supercomputer in Eastern Europe is in Bulgaria!
The IT giant Atos said that is has fully delivered to Bulgaria’s Sofia Tech Park a super computer that is expected to be Eastern Europe’s most powerful such device. The petascale computing system will help greatly with Bulgaria’s tech ambitions in the years to come. The... Read More →
Bulgaria reports 2.5% economic growth in Q1 2021
Bulgaria’s economy grew by 2.5 per cent in the first quarter of the year, according to preliminary data announced by the National Statistical Institute (NSI) on June 8. The figure was in line with NSI’s flash estimate released last month.... Read More →
Bulgaria Has Positive Current and Capital Account for 2020
Bulgaria‘s current and capital account showed a deficit of115.6 million euro in December 2020 against a deficit of 248.1 million euro in the same month of 2019, the central bank. The current and capital account had a surplus of 1,009.6... Read More →
FDI in Bulgaria in January-September 2020 was 729.5M EUR
Foreign direct investment in Bulgaria in the first nine months of the year stood at 729.5 million euro, the equivalent of 1.3 per cent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed on November 17.... Read More →
German Festo to Build Third Plant in Sofia with an Investment of €40 Million
The German Festo to invest 40 million euros in acquiring, designing, and building a new plant near Sofia. This will be the company’s third production facility in Bulgaria, as it has plants in Smolyan and Druzhba district in Sofia. The plot near... Read More →
FDI in Bulgaria in January-July 2020 was 1.41B EUR
Foreign direct investment in Bulgaria in the first seven months of 2020 stood at 1.41 billion euro, the equivalent of 2.5 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on September 18.... Read More →