Bulgarian Chamber of Commerce

Hourly labor costs in the EU increased by an average of 3.4% per year, according to Eurostat data for the third quarter of 2022. Against this slight average increase, Bulgaria stands out with a record jump of over 16%. The largest increase was in the mining industry - 14.2%.

President Rumen Radev described as shocking the price of natural gas for September after returning from an official visit to the UAE. Yesterday, the Commission for Energy and Water Regulation (EWRC) decided that it would rise the price by nearly 19% compared to August and make it BGN 353.21/Mwh.

H.E. Ms. Mariam Aftab, Ambassador Extraordinary and Plenipotentiary of Pakistan to Bulgaria, and the Deputy Head of Mission Mr. Omer Manzoor Malik met with Tsvetan Simeonov, President of the Bulgarian Chamber of Commerce and Industry.

A protest over the expensive electricity for the industry with a request for immediate compensations blocked the center of Sofia today at 12 o'clock. There was a demonstration in Ruse and Lovech. Employers have warned that without measures, the economy could go bankrupt.

The name of the person who currently keeps social peace in Bulgaria is Ivan Ivanov, head of the Energy and Water Regulatory Commission. The snowball, however, has got rolling and cannot be stopped.

Restaurant and hotel owners took to the streets in Bulgaria to protest the tightening of COVID-19 measures in the country set to take effect on 7 September until the end of October.

The centre of Veliko Tarnovo was blocked on Thursday. Plovdiv will be blocked on Friday. A big protest is organised to take place on 7 September in the capital Sofia. 

The Embassy of Pakistan in Sofia organized two main events for promoting Pakistani mangoes on 8th and 9th August 2021.

The Bulgarian Specialized Prosecutor's Office received a signal from the Association of Industrial Capital in Bulgaria, the Bulgarian Chamber of Commerce, the Bulgarian Chamber of Commerce and Industry and the Confederation of Employers and Industrialists in Bulgaria in connection with the record high price of electricity for business.

A new fraudulent scheme with PCR and antigen tests is gaining currency as the tourist season is drawing near. The scam is simple - sham sites and Facebook and Instagram pages appear, offering testing in an office or at home on behalf of really existing laboratories.

The new cabinet, whichever parties are part of it, must not allow the interruption of the financial funds provided to support the business during Covid-19 crisis.

Instead of introducing new measures, companies need consolidation and simplification of the current ones.