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.
On Thursday it will be sunny and hot again. There will be light wind from the north-northwest. The highest temperatures will be between 36° and 41°C; in Sofia - around 36°C. In the mountains it will be mostly sunny. The wind..
Prime Minister Rosen Zhelyazkov led the Bulgarian delegation at the recently concluded NATO Summit in The Hague. Speaking to journalists, he stated that an agreement had been reached — with Bulgaria’s support — for each allied country to raise its..
The National Revenue Agency is inspecting currency exchange offices due to increased interest in buying euros . Within just one week, the exchange of Bulgarian leva into euros increased by 43%, the agency’s director, Rumen Spetsov, announced in..
The head of state commented on the report adopted by the European Parliament’s Foreign Affairs Committee this week on Skopje’s progress in the European..
Cool air will sweep across the country during the night , accompanied by moderate winds from the northwest. Short-lived rain showers and thunderstorms are..
Generation Z is facing serious difficulties coping with stress, according to results from cadet exams at the Vasil Levski National Military University in..
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