We are not faced with the dilemma whether to support the European Union's 11th package of sanctions against Russia. Bulgaria will support the sanctions as usual. The 11th package of sanctions is aimed at limiting the possibilities of circumventing the existing sanctions, caretaker Minister of Economy Nikola Stoyanov said in Parliament.
According to the analysis of the Ministry of Economy, the impact on the Bulgarian economy of the previous sanctions is insignificant. In 2022, Bulgaria's exports to Russia have decreased by less than 2%. Over the past 10 years, Bulgaria's trade with Russia has been around 5-6% of its total trade. In Minister Stoyanov’s words, Bulgaria should prepare to limit fuel imports from Russia, because the EU derogation expires at the end of 2024.
By the end of the second quarter of 2025, a net monthly income of BGN 2,748 (€1,331) is required to support a household of two adults and a child under the age of 14. A single person in work needs BGN 1,526 (€739) per month. These figures come from the..
After years of preparation and research, actual drilling for oil and natural gas is starting in the Bulgarian part of the Black Sea. OMV Petrom, the largest energy producer in Southeast Europe, and NewMed Energy Balkan, a subsidiary..
The wheat harvest is 80% complete. With average yield of 586 kg per decare, almost 5.8 million tons of wheat have been harvested. Over 1 million tons of barley have been harvested with 95 percent of the areas harvested and over..
Bulgaria and six other EU member states have not signed a joint statement condemning Israel over the situation in Gaza. The statement was signed..
Two children, aged five and seven, ran away from their preschool in Sofia, prompting police involvement. The authorities were notified approximately one..
The U.S Department of State has made a determination approving a possible Foreign Military Sale to the Government of Bulgaria of Naval Strike..
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