Economy of Europe

French-German Consortium "Sof Connect" Wins the Concession for Sofia Airport

The French-German consortium "Sof Connect", which operates Munich Airport, has been selected as the winner of the concession tender for Sofia Airport, Bulgaria's Transport Minister Rossen Zhelyazkov said on July 17. The contract can be signed after the expiry of the 15-day period in which the remaining four candidates have the right to appeal, reports BNT. 

Editorial: First the reforms, then the changes

It is evident from a series of public statements that the new government is viewed positively by the representatives of Greece's creditors and European partners as they expect better cooperation and more steadfast reform policies.

Nevertheless, the first positive signals do mean that creditors are prepared to change the basic targets of economic policy.

15 million passengers planned: Vucic and Macron marked official airport modernisation

The board says: "On july 15, 2019, President of the Republic of Serbia, H.E. Aleksandar Vucic and President of the Republic of France, H.E. Emmanuel Macron marked the official start of work on modernization of Belgrade Airport 'Nikola Tesla', carried out by the company "VINCI Airports".

Tsakalotos among possible candidates for top job at IMF, CNBC reports

As the International Monetary Fund prepares to choose a new managing director to replace Christine Lagarde, who is to leave the post in the coming months, CNBC has reported that former Greek Finance Minister Euclid Tsakalotos is among the candidates in the running for the job.

The EC Keeps its Economic Forecast for Bulgaria

The European Commission (EC) keeps its expectations for Bulgaria's economy in its summer forecast. The GDP growth of our country in 2019 will recover to 3.3% from 3.1% in 2018, reaching 3.4% in 2020, coinciding with the expectations of the spring forecast.

In terms of inflation, the EC expects its pace to reach 2.4% in 2019 and will slow to 1.7% in 2020, writes Investor.bg.

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