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Financial and business news from Bulgaria

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  • The German car corporation Kostal is closing its plants in Slovenia and Slovakia and moving production to Pazardzhik. This was announced by Mayor Todor Popov at a session of the City Council.
    Important! German automotive corporation moves production to Pazardzhik
    2020-07-01 10:30:04
    The German car corporation Kostal is closing its plants in Slovenia and Slovakia and moving production to Pazardzhik. This was announced by Mayor Todor Popov at a session of the City Council.
  • Andrey Novakov will be responsible for the European legislation, which allows our country to receive an additional EUR 692m towards the operational programmes already in place. The Bulgarian MEP from the EPP/GERB is a co-negotiator and negotiator for the amendments to the regulation for the whole European Union.
    Grandiose financial news for millions of Bulgarians flew from Brussels
    2020-07-01 08:30:18
    Andrey Novakov will be responsible for the European legislation, which allows our country to receive an additional EUR 692m towards the operational programmes already in place. The Bulgarian MEP from the EPP/GERB is a co-negotiator and negotiator for the amendments to the regulation for the whole European Union.
  • As of 31 May, the assets of the banking system amounted to BGN 114.9 billion. In May, the balance sheet number decreased by BGN 932 million. (0.8 percent), influenced by the infusion of “Expressbank” AD in “DSK Bank” AD, reports the Bulgarian National Bank.
    The profit of banks declined
    2020-07-01 07:30:18
    As of 31 May, the assets of the banking system amounted to BGN 114.9 billion. In May, the balance sheet number decreased by BGN 932 million. (0.8 percent), influenced by the infusion of “Expressbank” AD in “DSK Bank” AD, reports the Bulgarian National Bank.
  • Bulgarian employers can now prepare an online assessment of the risk of distribution of SOVID-19 after the European Agency for Safety and Health at Work (EU-OSHA) developed an interactive instrument for this purpose, which was adapted for Bulgaria thanks to the Labour Inspectorate. This was announced by the press center of GIT.
    Employers can assess online risk of SAVID-19
    2020-07-01 03:30:05
    Bulgarian employers can now prepare an online assessment of the risk of distribution of SOVID-19 after the European Agency for Safety and Health at Work (EU-OSHA) developed an interactive instrument for this purpose, which was adapted for Bulgaria thanks to the Labour Inspectorate. This was announced by the press center of GIT.
  • The Energy and Water Regulatory Commission will hold a closed session tomorrow at which it will adopt a decision to approve a price for July at which the public supplier will sell natural gas to final suppliers and to those who have been issued a licence for the production and transmission of heat energy. This was announced by the press center of EWRC.
    EWRC announces tomorrow its decision on the price of gas for July
    2020-07-01 02:30:05
    The Energy and Water Regulatory Commission will hold a closed session tomorrow at which it will adopt a decision to approve a price for July at which the public supplier will sell natural gas to final suppliers and to those who have been issued a licence for the production and transmission of heat energy. This was announced by the press center of EWRC.
  • Total Producer Price Index in Industry in May decreased by 1 per cent compared to the previous month, the National Statistical Institute reported. Decrease was registered in the production and distribution of electricity and gas - by 1.4 per cent, and in the processing industry - by 1 per cent, while in the extractive industry there was an increase of 0.8 per cent.
    Producer prices in May fall by 1% compared to April
    2020-07-01 01:30:16
    Total Producer Price Index in Industry in May decreased by 1 per cent compared to the previous month, the National Statistical Institute reported. Decrease was registered in the production and distribution of electricity and gas - by 1.4 per cent, and in the processing industry - by 1 per cent, while in the extractive industry there was an increase of 0.8 per cent.
  • On 1 July morning the movement on the refurbished 5 viaduct of Trakia Motorway is launched. With the restoration of traffic in the lane for Sofia, planned construction works on the motorway for the summer months are completed and all travelers will be able to drive safely on the renovated bridge facilities, the API said.
    Tomorrow they launch the movement on the repaired 5 viaduct of “Trakia” (photos and video)
    2020-07-01 00:30:17
    On 1 July morning the movement on the refurbished 5 viaduct of Trakia Motorway is launched. With the restoration of traffic in the lane for Sofia, planned construction works on the motorway for the summer months are completed and all travelers will be able to drive safely on the renovated bridge facilities, the API said.
  • Canadian group Cirque du Soleil Entertainment filed bankruptcy protection documents because because of the COVID-19 pandemic, its performances were cancelled and artists were left out of work, the Associated Press and Reuters reported.
    “Cirque du Soleil” filed for bankruptcy
    2020-06-30 23:30:17
    Canadian group Cirque du Soleil Entertainment filed bankruptcy protection documents because because of the COVID-19 pandemic, its performances were cancelled and artists were left out of work, the Associated Press and Reuters reported.