Business

Bulgargaz pursues legal action against gazprom over gas supply cuts

During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million. This decision stems from the termination of gas supplies to Bulgaria by the Russian company in 2022. Gazprom Export ceased the supply of gas to Bulgaria at the end of April 2022, approximately two months after the onset of the conflict in Ukraine. ...  Oще!

Financial expert's projections: if inflation continues to fall bulgaria can adopt the euro in 2025

Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026, in an interview with BNR. He cited the recent decrease in inflation reported by the National Statistical Institute (NSI) as a positive sign, indicating progress towards meeting the criteria for Eurozone entry. Voinov highlighted the importance of sustaining this downward trend in inflation, asserting that Bulgaria is nearing compliance with the necessary criteria. ...  Oще!

Unconfirmed: ukrainian army halts russian offensive in kharkiv

According to AFP, the Ukrainian army has declared a halt to the Russian offensive in certain areas of the northeastern Kharkiv region. This comes after Moscow's forces initiated a new offensive on May 10. An army spokesperson stated, "The situation in the Kharkiv sector remains complex and dynamic....  Oще!

Bnb: bulgaria must join the eurozone as soon as possible to avoid the losses of billions

This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia The consensus among the Bulgarian National Bank, the Association of Banks in Bulgaria, the international diplomatic elite, and the Bulgarian business community is unequivocal: Bulgaria must join the Eurozone by January 1, 2025. This became clear at the international conference "Bulgaria in the Eurozone, When? " in Sofia, attended by prominent figures including Dimitar Radev, Governor of the Bulgarian National Bank, Petko Nikolov, Minister of Economy and Industry of the Republic of Bulgaria, Wolfgang SchГјssel, former Chancellor of the Republic of Austria, Joseph Muscat, former Prime Minister of the Republic of Malta and MEP, Adrian NДѓstase, former Prime Minister of Romania, Michalis Sarris, former Minister of Finance of the Republic of Cyprus, George Zanias, former Minister of Finance of Greece, Borislav Boyanov, Chairman of the Association of Honorary Consuls in Bulgaria, Nikolay Vassilev, former Deputy Prime Minister of the Republic of Bulgaria, and Petia Dimitrova, Chairman of the Association of Banks in Bulgaria. ...  Oще!

Former finance minister: bulgaria can enter the eurozone in 2026 at the earliest

Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026 at the earliest. In his assessment, he outlined the necessity of a well-functioning government and an effective information campaign to facilitate this transition. Dyankov emphasized the existing challenges, noting that Bulgaria currently falls short in addressing inflation and lacks essential legislative frameworks, not only specific to the Eurozone but also pertaining to broader financial regulations....  Oще!

Bulgaria's gdp shows modest growth in early 2024

In the initial quarter of 2024, Bulgaria's economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year. ...  Oще!

Bulgaria ranks among top three in europe for sheep farming subsidies

Bulgaria ranks among the top three countries in Europe in terms of financial support for sheep farming, yet the sector struggles due to outdated farming practices, making Bulgarian lamb meat uncompetitive in the market. Simeon Karakolev, representing the National Sheep and Goat Breeding Association, highlighted this issue on BNR ahead of the National Meeting of Sheep Breeders. Despite Bulgarian sheep breeders receiving an average annual subsidy of BGN 180 per animal, their counterparts in Romania and North Macedonia receive significantly lower subsidies of 30 and 35 euros, respectively....  Oще!

Bulgarian banker: no one enters the eurozone in the middle of the year

According to Levon Hampartzoumian, the likelihood of Bulgaria joining the Eurozone in 2025 is very slim, as no country has ever entered during the middle of the year. He expressed hope that the country could achieve this milestone in early 2026, emphasizing the need for organized efforts and continuity in political direction, regardless of changes in government leadership. HampartzoumianВ cautioned against the risk posed by potential shifts in government dynamics, likening it to the emergence of "Taliban-like" figures....  Oще!

French president macron recommends varna as a must-visit destination

French President Emmanuel Macron has designated Varna as one of his favored travel destinations, as revealed in his response to a question on Instagram's "Answers of Young People about Europe" column. When prompted with "Which destination do you recommend we visit?", Macron singled out the Bulgarian maritime capital. Macron's endorsement of Varna comes after his visit to Bulgaria in 2017, accompanied by his wife Brigitte Macron, at the invitation of then Prime Minister Boyko Borissov and President Rumen Radev....  Oще!

Wizz air introduces new varna to london gatwick route

"Wizz Air" has unveiled a fresh route from Varna to London Gatwick Airport, marking an expansion in its flight offerings, the airline has confirmed. Travelers can now secure tickets to this London destination through wizzair.com or the airline's mobile app, with prices starting from BGN 58....  Oще!