Bulgaria will receive a 33 percent levy from high-return energy companies The Bulgarian parliament has approved taxing the excess profits of energy companies. With approval granted, a 33 percent tax will be imposed on oil, gas and coal companies’ profits from the rapid rise in energy prices after Russia’s invasion of Ukraine. The tax will...
According to the seasonally adjusted data of the National Statistical Institute (NSI) of Bulgaria released today, the Gross Domestic Product (GDP) in the third quarter of 2022 was 3.3% compared to the same period of the previous year, which is 0.6% compared to the second quarter of 2022. According to the data obtained as a...
Speaking to the press at the EU-Western Balkans summit held in Tirana, the capital of Albania, where he represents Bulgaria, President Rumen Radev said, “We cannot talk about the security and stability of all of Europe without the full integration of the Western Balkans.” The President emphasized that the issues of energy security, economic development...
President of Bulgaria Rumen Radev is on a working visit to Turkey at the invitation of President Recep Tayyip Erdogan. According to the statement issued by the Communications Directorate of the Presidency, during the meetings that will be held in Istanbul, the bilateral relations between Turkey and Bulgaria will be reviewed in various dimensions, and...
The Bulgarian administration responded to the European Union, which refused Bulgaria’s accession to the Schengen area. Bulgarian President Rumen Radev stated that since 2011, Bulgaria has fulfilled all the necessary criteria to join the Schengen Area. Pointing out that his country’s entry into the Schengen area will make the EU borders safe, Radev said, “Our...
According to a statement by the Bulgarian Ministry of Finance, a Memorandum of Understanding has been signed between the European Union Commission (EU), the Eurogroup and the Republic of Bulgaria, outlining practical steps that will enable Bulgaria to start minting euro coins as soon as this is done. It was approved to join the eurozone....
EU countries Bulgaria, Hungary and Croatia were alleged to have mistreated asylum seekers. Based on research by ARD magazine and Der Spiegel with broadcasters Lighthouse Reports, Sky News, Le Monde, Domani, SRF and Rfe-RL Bulgaria, the report shows that Afghan and Syrian asylum seekers who wish to seek asylum in Europe are subject to abuse....