Ministry of Economy

Bulgaria: Prices Will Rise More Steeply than Expected - Finance Ministry

The Ministry of Finance has revised its autumn forecast for economic development. According to new estimates, real gross domestic product (GDP) growth will reach 4%, and next year will be heading towards 5% with a forecast of 4.9%. The main reason for accelerating economic growth will be investment, as well as the stabilization of the private sector after the Covid crisis.

New Party of Change Emerges on Bulgaria’s Political Arena

"In the past four months we started to bring about change with clear goals in mind," Petkov noted at the beginning of the presentation. He stated that the number one priority is to stop corruption. Second - unburden the small and medium-sized enterprises so they can thrive. Three - attract high-tech investments. Four - distribute the resulting prosperity fairly.

Economy Minister: I Received Confirmation That Proves I am Not a Canadian Citizen

"I have received confirmation that I am not a Canadian citizen. The Canadian authorities informed me on Friday that the documents proving this fact had been sent to the Canadian Embassy in Romania, where they could be obtained from me."

This was stated by the Caretaker Minister of Economy Kiril Petkov in his statement.

EconMin Nasui: We legislate the 'Farm-to-Fork' business model so far considered illegal by ANPC

The Ministry of Economy has put up for public debate a draft emergency ordinance that will legalize the "Farm-to-Fork" business model for a more sustainable food system which was rolled out in Europe, but which had been considered so far illegal by Romania's National Consumer Protection Authority (ANPC), Economy Minister Claudiu Nasui wrote on Facebook.

German Company Will Base e-Cars Production in Bulgaria

I am extremely proud that a German maker of electric cars of the future will base its main production in Bulgaria. This sentiment was shared by Minister of Economy Kiril Petkov, who, this Saturday, signed with Next.e.GO Mobile SE the paperwork finalising a procedure to launch the company's investment project in Bulgaria.

GERB Government Purchased Anti-COVID Equipment in Violation of Law, Claims Ministry of Health

Speaking to BNR the caretaker Deputy-Minister of Health Dr. Dimitar Petrov announced various violations of procedures by the previous government of B. Borissov.

The materials from the inspection of the Ministry of Health for respirators, masks and medicines bought from China for the period of the epidemic situation from May 13 last year will be  send to the prosecutor's office.

Romania can become a hub for Israeli goods to the European Community

 Israeli officials have voiced interest in making a series of investment in the development of sea and inland transportation around the Port of Constanta and on the waterway of the Danube corridor, according to Chairman of the Romania Chamber of Commerce and Industry (CCIR), Mihai Daraban. According to him, Romania can thus become a hub for Israeli goods to the European Community.

Caretaker Minister of Economy Will Initiate Inspection of State-owned Bulgarian Development Bank

A special commission will inspect  Bulgarian Development Bank (BDB) to see why it has financed eight persons, 4 of whom may be indirectly linked to famous businessman and former MP Delyan Peevski.

This was announced by the caretaker Minister of Economy Kiril Petkov in an interview with BTV.