Section: Bulgaria
Bulgaria provides financial assistance to countries from the Western Balkans, East Europe and Caucasia
Bulgaria will provide gratuitous financial assistance to countries from the Western Balkans, Eastern Europe and Caucasia to the tune of EUR 1.7 million to finance projects in education, science, culture, social integration and civil society. The money is allotted from the budget of the Bulgarian Ministry of Foreign Affairs for the fulfillment of...
German Leoni Cuts 2,000 People and Lowers its Forecast for 2019. Will the Investments in Bulgaria be Affected?
German cable systems manufacturer Leoni warned that it would not reach its profit target set just a month ago. In addition, the company plans to cut 2,000 people. “The company faces a challenging environment in the markets, especially in China,” Leoni said, adding that orders from car manufacturers dropped significantly. On questions...
Nearly 5% Growth of Bulgarians Traveling Abroad, Reported NSI
The trips of Bulgarian citizens abroad in February 2019 were 396.6 thousand or 4.5% above those registered in February 2018, NSI reported. The increase in the number of trips of Bulgarian citizens compared to the same month of the previous year is reported for: France – by 11.1%, Turkey – by 7.7%, Austria by 6.0%, Greece by 5.6%,...
President Vucic: PM Boyko Borisov is my Friend, but the Fight for Volkswagen is a Fight for Serbia
Serbia’s President Aleksandar Vucic said in a televised interview last night that his country is struggling under the toughest conditions with four more countries – Bulgaria, Romania, Turkey and Ukraine – for a Volkswagen factory in Serbia. “I know how much he struggles – Boyko (Borisov), Erdogan, (Liivu) Dragnea, we...
Bulgaria’s economy experiences shortage of labor, employers look to hire pensioners and foreigners
Bulgaria’s economy is constantly growing and despite the increase of exports, local consumption and investments it is experiencing huge deficit of workforce. In 2018 the GDP growth reached 3.1% and one year earlier it was to the tune of 3.6%. The International Monetary Fund and Fitch Ratings forecast that in 2019 this country’s...
Lasting Peace is Only Achievable When We Give Way Not to Interests But to Principles, Said Rosen Plevneliev
A lasting sustainable peace is only achievable when we reach the hearts of young people and when we give way not to the interests but to the principles, said Rosen Plevneliev, President of Bulgaria from 2012 to 2017, at the conference “NATO membership – the key to The European Union “in Sofia, organized by the Atlantic Council...
Predictions of a Decline in Tourists in Bulgarian Summer Resort Albena
Between 3 and 5% is the decrease of the early registrations for the active summer season in Albena resort, announced the executive director of the joint-stock company Krasimir Stanev. About 75% of the annual subscriptions are currently being made. “We are counting on keeping last year’s levels when 1,670,000 nights stays were made,...
Cruise companies avoid Black Sea ports due to annexation of Crimea
Major cruise companies avoid the Black Sea ports due to the uncertain geopolitical situation after the annexation of Crimea,Portseurope.com announced. Only two cruise ships visited Bulgarian ports in 2017. In 2018 there were no visits at all. The expectations for the summer of 2019 are for one visit only. 2014 was the last strong year for the...
New Ambassador of Bulgaria Begins Diplomatic Mission in Ukraine
Ukraine’s Deputy Foreign Minister Vasyl Bodnar received copies of credentials from newly appointed Ambassador of Bulgaria to Ukraine Kostadin Kodzhabashev, reports Ukriinform. “The newly appointed ambassador of the People’s Republic of Bulgaria to Ukraine, Mr. Kostadin Kodzhabashev, handed over copies of credentials today,” Bodnar...
Bulgarian team wins World Electronic Sports Games tournament in China
The Bulgarian team of Windigo Gaming has triumphed with the title in CS:GO at the prestigious international tournament in China – World Electronic Sports Games (WESG). The Bulgarians became the surprise of the tournament because as were not expected to win but at the final they reached a victory against the Polish team Ago Esports. The team...
