Economy of Bulgaria
BDZ will buy new trains worth BGN 100 mln.
By the end of the year, according to the plans of the company, a procedure should be announced for the purchase of a new trains.
The new machines will be used for the Sofia-Varna and Sofia-Burgas lines.
Funds are expected to come from the capital transfer from the budget.
In January - February 2019, Bulgaria's exports to the EU increased by 9.3% compared to the same period in 2018 and amounted to BGN 6 334.3 million, according to the National Statistical Institute.
The main trade partners were Germany, Italy, Romania, Greece, France and Belgium, which account for 66.4% of the exports to the EU member states.
BDZ-Passenger Transport EOOD will provide over 19 000 additional seats of some trains that travel along the main directions in the country.
Increased seating capacity on trains is made in order to ensure comfortable mobility of customers during weekends on Easter Day, Labor Day (May 1st) and Courage Day (St.George) due to the increased interest in traveling through this period.
Last year, Bulgarians, working and living abroad, sent back almost 2.4 billion dollars (2.13 billion euros) back to the country. This is equal to 3.8% of Bulgaria's GDP, and the amount is forecast and calculated on the basis of IMF data, official national statistics and the national bank. Outside of these money transfers there is a cash transfer, but their amount is not part of statistics.
In the fourth quarter of 2018, Gross Domestic Product (GDP) amounted to BGN 29,813 million at current prices. Recalculated in euro, GDP is EUR 15 243 million, with per capita EUR 2 168. Seasonally adjusted data showed growth of 3.2% of GDP in the fourth quarter of 2018 compared to the corresponding quarter of the previous year and 0.8% on the third quarter of 2018.
In the period 26 - 28 March 2019, the President of the Republic of Bulgaria Mr. Rumen Radev will make an official visit to the Arab Republic of Egypt. During the visit he will be accompanied by representatives of the Bulgarian business and economy circles, and a two-sided business forum was agreed between the two countries.