Bulgaria expects fiscal deficit of 1% of GDP for 2022

SOFIA (Reuters) – Bulgaria expects to end 2022 with a fiscal deficit of 1.5 billion levs ($821.11 million), equal to 1.0% of economic output, outperforming a revised target of 3.4%, the finance ministry said. Better than expected tax collection, increased payments by state energy producers and weaker capital spending have helped the Balkan country to … Read more

Bulgaria Signs Deal to End Reliance on Russian Nuclear Fuel Deliveries

Bulgaria’s sole nuclear power plant signed a nuclear fuel supply deal with a French firm on Friday in an effort to end its reliance on deliveries from Russia in the wake of Moscow’s invasion of Ukraine. The state-owned Kozloduy plant on the Danube river currently relies on Russian fuel for its two Soviet-built 1,000-megawatt reactors.  … Read more

Bulgaria Summons Russian Envoy Over ‘Wanted’ Journalist

Bulgaria on Thursday summoned Russia’s ambassador “for explanations” after Moscow placed Bulgarian Christo Grozev, the executive director of the investigative website Bellingcat, on its list of wanted persons. Bellingcat makes extensive use of open-source databases and online research tools and has won several awards. It has run a series of investigations into what it says had … Read more

Croatia to join Europe's free travel zone, but Bulgaria and Romania denied

The European Union has backed Croatia’s entry into its passport-free Schengen travel zone. But Bulgaria and Romania’s bids to join the area have been denied, due to opposition from Austria and the Netherlands, amid concerns about illegal immigration and security. Source link

Bulgaria sees ‘no real benefit’ in supporting Ukraine’s NATO drive

The President of Bulgaria, Rumen Radev

Support for Kiev’s bid, expressed by several European nations, is merely a “political statement,” Bulgaria’s top diplomat says A joint statement issued by the leaders of several eastern and central European countries in support of Ukraine’s NATO bid carries no actual weight and provides “no real benefit,” Bulgarian Foreign Minister Nikolay Milkov said Wednesday. The … Read more

The Level of Purchase of Electric Cars in Bulgaria is still Low – Novinite.com

Bulgaria: The Level of Purchase of Electric Cars in Bulgaria is still Low

Charging station in Sofia, Bulgaria About 2% are the electric cars in Bulgaria and the purchase of electric cars in the country is still at quite low levels. In EU countries this year, the percentage of fully electric cars exceeded 10% of the total number of cars. In Bulgaria, all main highways already have charging … Read more