Economy

Fitch kept Bulgaria's rating unchanged

The international credit rating agency Fitch Ratings has affirmed the country’s long-term foreign currency rating at “BBB+” with a stable outlook

A new tender for road repair and maintenance in the country is forthcoming

A new public tender for the repair and maintenance of the road network is set to be announced. This was announced by acting Regional Minister Nikolay Naydenov

Ten bidders interested in the construction of Sofia’s Eastern Tangent

The strategic project for Sofia to build the Eastern Bypass has attracted significant interest from the country’s leading construction companies

RIA owes over 750 million euros, but has funds only for the next three months

The Road Infrastructure Agency (API) is facing financial difficulties after it became clear that its debts to contractors amount to €752 million

The government has authorized the Kozloduy Nuclear Power Plant to purchase Russian parts

Prime Minister Gyurov ordered a comprehensive audit of the Road Infrastructure Agency

Acting Prime Minister Andrey Gyurov announced a no-holds-barred audit of the Road Infrastructure Agency (RIA) after it became clear that the budget for road repairs

EWRC does not expect a "shock" increase in gas prices at least until July

Plamen Mladenovski, Chairman of the Energy and Water Regulatory Commission (EWRC), does not expect a “shock” increase in natural gas prices in Bulgaria

The domino effect: Every job lost in Pernik’s energy sector puts three more at risk

If we lose one job for a miner or energy worker, three more are automatically lost in the service companies. This cautionary statistic set the tone during an event presenting the results

Bulgaria removes helicopter bases from the RRP to save 80 million euros

Bulgaria faces a real risk of derailing one of its most significant healthcare projects under the Recovery and Resilience Plan (RRP)

How can Kyustendil retain its active workforce?

Kyustendil has technical personnel in their prime who are loyal to their region. A just transition here will only be successful if it recognizes their experience through validation