Bulgaria faces deep structural challenges. The economy is characterized by low added value and regional challenges, chairman of the Bulgarian Industrial Association (BIA), Dobri Mitrev, said. He presented the BIA index for “Economic Policy Effectiveness”. Mitrev pointed out the need for structural reforms, digitalization, and added that sustainable budget discipline was necessary.
The number of patents is alarmingly low, which speaks of the weak connection between business and science, it became clear during the presentation of the index. Foreign direct investments as a share of GDP for 2024 reach 25.9, which is a slight increase. However, the country remains well below the EU average. The conclusion is that despite slight improvements, Bulgaria must work to develop the business environment in order to attract foreign investments.
A festive concert of the Otets Paissii Performing Folk Ensemble will be held in Nessebar today, as the ensemble celebrates 70 years since its establishment. The formation is the oldest Bulgarian folklore ensemble in the USA at the..
The village of Delchevo is restoring the tradition of celebrating Midsummer's Day with a two-day program on June 21 and 22, the Gotse Delchev municipality announced. The events will begin on June 21 at 5:00 p.m. with a procession..
On Saturday , the lowest temperatures will be between 11 to 18°C. In Sofia – about 11°C. Sunny weather will prevail during the day. Before noon, there will be significant cloudiness over the central parts of Northern Bulgaria and..
A festive concert of the Otets Paissii Performing Folk Ensemble will be held in Nessebar today, as the ensemble celebrates 70 years..
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