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EU Grants Rheinmetall Over 130 Million Euros for Ammunition Production Expansion

German arms manufacturer Rheinmetall has secured a substantial financial boost from the European Union, receiving over 130 million euros to enhance its ammunition production capabilities. The funding is earmarked for the production of 155 mm ammunition and gunpowder, with projects set to take place in Germany, Hungary, Romania, and Spain.

Bulgaria Reports Lowest Hourly Labour Costs in EU for 2023: Eurostat

Eurostat's recent publication on Wednesday showed insights into hourly labour costs across the European Union (EU) in 2023, indicating a notable rise compared to the previous year. The average hourly labour costs for the entire economy were estimated at EUR 31.8 in the EU and EUR 35.6 in the euro area, marking an increase from EUR 30.2 and EUR 34.0, respectively, in 2022.

Bulgaria's E-commerce Set to Contribute 2.11% of GDP in 2023

On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector. Citing data from three studies, Ilchev disclosed that e-commerce is anticipated to account for 2.11% of Bulgaria's GDP in 2023, up from 1.92% in 2022.

Serbia on Edge: Race to Find Missing Toddler Near Bulgarian Border Intensifies

A race against time unfolds in Serbia as emergency services mobilize to locate two-year-old Danka Ilić, who vanished from Banjsko Polje near Bor. The activation of the "Find Me" system, akin to an Amber Alert, marks a first for Serbia, underlining the urgency of the situation.

European prices with Balkan purchasing power

Despite the increase in the minimum wage in 2023, Greece's gross domestic product (GDP) per capita expressed in purchasing power standards is 67% of the European average, according to Eurostat. 

This puts Greece in 26th place among the 27 member-states, with Bulgaria in last, where GDP per capita in purchasing power units was 64% of the European average.

Bulgarian Black Sea Resorts: Anticipating Summer Boom Despite Aviation Hurdles

As the arrival of warmer weather beckons, hotels lining the Bulgarian Black Sea coasts are gearing up to welcome the first wave of sea tourists, with an expected surge in visitors around the Easter holidays, coinciding this year with St. George's Day on May 6.

Early Tourist Registrations Surge on Bulgaria's Southern Black Sea Coast

Hoteliers along Bulgaria's Southern Black Sea coast are anticipating a notable increase in tourist numbers, with early bookings already showing promising growth. Both domestic travelers and visitors from key international markets such as Germany, England, Austria, and Poland are contributing to this surge in reservations.

Boundless Skies: Bulgarian Airports will Embrace the Schengen Integration with Inaugural Flights on March 31

As the clock strikes 00:20 on March 31, a significant milestone unfolds at Sofia Airport, marking Bulgaria's entry into the Schengen area by air. The inaugural Schengen flight from Naples, operated by a low-cost airline, will touch down on Sunday, symbolizing a new era of borderless travel for the nation.

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