Economic.bg in English

Economic.bg in English Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Economic.bg in English, News & Media Website, YAVOROV DIStr. , AP. 11, FLOOR 6, BLOCK 73, Sofia.

Nikola Gazdov is an entrepreneur with 18 years of experience in renewable energy. He serves as Chairman of APSTE (the As...
29/09/2025

Nikola Gazdov is an entrepreneur with 18 years of experience in renewable energy. He serves as Chairman of APSTE (the Association for Production, Storage, and Trading of Electricity in Bulgaria) and sits on the Board of the Romanian Photovoltaic Industry Association (RPIA). Nikola is also a Board Member of SolarPower Europe and Deputy Chair of its National Associations Committee. On the business front, he is CEO of Renergy, a technical advisory firm, and Director at Element Power, a gigawatt-scale developer of solar and battery energy storage systems.
Mr. Gazdov, we are seеing off another record summer for solar energy in Bulgaria. The market has boomed in recent years, but how would you describe it at the moment? Is there a lull?
Bulgaria has attracted over 6 billion leva of private...

Bulgaria has attracted over 6 billion leva of private investment in its energy sector, mainly for the construction of new solar power plants

A 75 kW photovoltaic installation is to be put into operation on the roof of 2nd Secondary School “Acad. Emilian Stanev”...
26/09/2025

A 75 kW photovoltaic installation is to be put into operation on the roof of 2nd Secondary School “Acad. Emilian Stanev” – the heart of the first energy community in Sofia. The project will be implemented through a partnership between the Vitosha district, citizens, and companies with a total budget of BGN 90,000. After 10 years, ownership of the plant will be transferred to the municipality, and its electricity will power the school and other municipal facilities.
The project was unanimously approved by the Sofia City Council, and the report was submitted by the Deputy Mayor for Ecology, Nadezhda Bobcheva, the Mayor of the Vitosha district, architect Zarko Klinkov, and representatives of several political groups. Although this is the first such project in Sofia, similar...

A 75 kW photovoltaic installation is to be put into operation on the roof of 2nd Secondary School “Acad. Emilian Stanev” – the heart of the first energy community in Sofia

Bulgaria continues its active efforts to attract large-scale investments from tech giant Meta. After Energy Minister Zhe...
26/09/2025

Bulgaria continues its active efforts to attract large-scale investments from tech giant Meta. After Energy Minister Zhecho Stankov met with representatives of the American company in July, Prime Minister Rosen Zhelyazkov has now done the same. During his visit to the US, he held talks with Joel Kaplan, President of Global Affairs."

Bulgaria is a strategic destination for high-tech investments in energy and artificial intelligence," Prime Minister Zhelyazkov said during the meeting, according to the government press service.

The meeting with Joel Kaplan is part of Bulgaria's efforts to position itself on the emerging and extremely attractive AI map. Europe is ambitious to stimulate the development of artificial intelligence, and member states are provided with various tools to...

Bulgaria continues its active efforts to attract large-scale investments from tech giant Meta. During Rosen Zhelyazkov visit to the US, he held talks with Joel Kaplan, President of Global Affairs

Even before the Just Transition Mechanism came to be, Czechia had devised its own Restart strategy as a way to figure ou...
22/09/2025

Even before the Just Transition Mechanism came to be, Czechia had devised its own Restart strategy as a way to figure out a way forward for its three coal regions. The most industrial of these – the Moravian-Silesian region, which borders Poland’s Silesia, is also the one that has progressed the most in its coal exit journey – and the sprawling industrial complex of Dolni Vitkovice in the city of Ostrava is a stark reminder of that. This used to be a city within the city, and now its enormous iron pipes and blast furnaces lay dormant awaiting a second life as cultural, educational and museum centres.
If you want to see the future face of the Czech Republic’s third largest city, however, you need to head a bit further out to the suburbs where another sprawling complex lies. This...

Even before the Just Transition Mechanism came to be, Czechia had devised its own Restart strategy as a way to figure out a way forward for its three coal regions

The upcoming Romanian Security Summit, scheduled for November 5 – 6 at the Romexpo Exhibition Centre, is already drawing...
18/09/2025

The upcoming Romanian Security Summit, scheduled for November 5 – 6 at the Romexpo Exhibition Centre, is already drawing record levels of interest from the industry and participants alike. More than 1,000 tickets have already sold out, confirming the event as one of the most anticipated security gatherings in Eastern Europe.
The line-up of registered companies demonstrates the involvement of top global brands, set to showcase their latest solutions and technologies in Bucharest. Adding to the event’s prestige, all exclusive Diamond Sponsorship packages have already been sold, with sponsors including renowned companies such as Alcatel Lucent Enterprise, Telesystem, Alarm Automatika, and KMW Systems.
The Summit enjoys strong institutional and international backing. Alongside domestic...

The upcoming Romanian Security Summit, scheduled for November 5 – 6 at the Romexpo Exhibition Centre, is already drawing record levels of interest

We all know that Stara Zagora is the Bulgarian region most affected by the gradual phase-out of coal-fired power generat...
17/09/2025

We all know that Stara Zagora is the Bulgarian region most affected by the gradual phase-out of coal-fired power generation. This transition is not just about energy – it is about people, their livelihoods, and an entire region.
With these words, Raffaele Fitto, Executive Vice-President of the European Commission responsible for Cohesion and Reform Policy, addressed the participants in the TOP JOBS career forum in Stara Zagora, which took place from September 11 to 13.
The European Commissioner emphasized that the European Commission "is fully aware of the scale of these challenges, but we are also convinced that we can turn this challenge into an opportunity for growth and renewal in Stara Zagora.”
According to him, promoting growth and renewal in regions such as Stara Zagora is a...

We all know that Stara Zagora is the Bulgarian region most affected by the gradual phase-out of coal-fired power generation

The jubilee 10th edition of the Adria Security Summit, Southeast Europe’s largest security industry gathering, will take...
15/09/2025

The jubilee 10th edition of the Adria Security Summit, Southeast Europe’s largest security industry gathering, will take place on October 8 – 9 in Skopje. The event once again highlights the region’s role as a vital bridge between East and West in the global security landscape. More than 3,000 professionals and 120 exhibitors will showcase the latest solutions, positioning Skopje as a hub of innovation, knowledge, and business opportunities in the security industry.
Key themes of this year’s conference
The Summit’s conference program will feature high-level discussions on fire protection and major event safety, the role and limits of artificial intelligence, and the state of smart city solutions in the region. Special attention will also be given to education, critical...

The jubilee 10th edition of the Adria Security Summit, Southeast Europe’s largest security industry gathering, will take place on October 8–9 in Skopje

Silesia has always been a little special among the Polish regions. For seven centuries, it was a domain of the German Em...
09/09/2025

Silesia has always been a little special among the Polish regions. For seven centuries, it was a domain of the German Empire, before becoming a part of the resurrected Polish state. Nevertheless, it had always been home to a mix of ethnic groups and religious denominations forming a proud regional identity that persists until today. This goes for things like food and dialect (some activists even claim that there’s a Silesian language that deserves its own official recognition), but also, since the 19th century, this identity invariably includes coal.
During the Cold War era, Poland was one of the top global producers of this “black gold”. Silesia has long been known for its vast deposits of high-quality hard coal – in contrast to most other Eastern European coal regions where the...

Silesia has always been a little special among the Polish regions. For seven centuries, it was a domain of the German Empire, before becoming a part of the resurrected Polish state

The National Statistical Institute (NSI) significantly raised its figures for Bulgaria's economic growth in the second q...
09/09/2025

The National Statistical Institute (NSI) significantly raised its figures for Bulgaria's economic growth in the second quarter. The preliminary figures published on August 14 showed 3.1% real GDP growth, while on Friday the first revision raised them to 3.4%.
In fact, the NSI has raised its estimates for the previous two quarters – the first of 2025 and the fourth of 2024 – to 3.4% and 3.3% on an annual basis, respectively.
The breakdown by components of gross domestic product (GDP) shows that growth is driven solely by consumption – by households (8.3% increase) and the government (11.5% increase). The situation with exports (4.8% decline) and investments (1.3% decline) is only getting worse.
GDP in value terms, current prices
In the second quarter of 2025, GDP amounted to BGN...

The National Statistical Institute (NSI) significantly raised its figures for Bulgaria's economic growth in the second quarter. The preliminary figures published

Currently, there is a shortage of 36 – 37 carriages to cover the train schedule. However, by the end of the year, the sh...
08/09/2025

Currently, there is a shortage of 36 – 37 carriages to cover the train schedule. However, by the end of the year, the shortage will increase to 70 carriages. This was stated by Transport Minister Grozdan Karadzhov during a blitz control in the National Assembly on Friday.
He explained that a large part of the rolling stock of the state railways is so old that in a normal situation it should not be in operation. However, as Karadzhov said, maintenance repairs are being carried out to keep some carriages and trains running. But this also has its limits.
One of the options mentioned by the minister is to urgently seek rolling stock from other countries, probably similar to the deal with Germany's Deutsche Bahn to acquire their old carriages. However, this did not prove particularly...

Currently, there is a shortage of 36-37 carriages to cover the train schedule. However, by the end of the year, the shortage will increase to 70 carriages

Labor productivity in Bulgaria is actually declining on an annual basis – by 0.2%. This is shown by preliminary data fro...
08/09/2025

Labor productivity in Bulgaria is actually declining on an annual basis – by 0.2%. This is shown by preliminary data from the National Statistical Institute (NSI) for the second quarter of 2025. The indicator is formed by the total value created in the economy, divided by all those employed in it.
According to this formula, each employed person produces BGN 14,097.7 of the current gross domestic product (GDP), with each person generating an average of BGN 36.1 of GDP per hour worked. It appears that the amount is growing, but the data is at current prices, and after applying the relevant deflator, the actual output per Bulgarian citizen decreases.
The gross value added (GVA) per employee in the second quarter of 2025 decreased by 1.9% compared to the second quarter of 2024, and the...

Labor productivity in Bulgaria is actually declining on an annual basis – by 0.2%. This is shown by preliminary data from the National Statistical Institute (NSI)

Bulgaria expects to receive the second payment under the Recovery and Resilience Plan (RRP) by mid-October. This was ann...
08/09/2025

Bulgaria expects to receive the second payment under the Recovery and Resilience Plan (RRP) by mid-October. This was announced by Deputy Prime Minister Tomislav Donchev during Friday's parliamentary question time.
The request is currently being processed, and Donchev expects the procedure to be completed on September 15, having received assurances from the EC, in his words, that Bulgaria has fulfilled its commitments for the second payment.
He recalled that the revised request for a second payment of over €650 million was sent in July, as committed, and after agreement was reached with the EC on changing the NAP.
Regarding the third payment, the Deputy Prime Minister announced that the plan is to send the request to the EC for a tranche of over €1.6 billion before the end of...

Bulgaria expects to receive the second payment under the Recovery and Resilience Plan (RRP) by mid-October. This was announced by Deputy Prime Minister Tomislav Donchev

Address

YAVOROV DIStr. , AP. 11, FLOOR 6, BLOCK 73
Sofia
1111

Website

Alerts

Be the first to know and let us send you an email when Economic.bg in English posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category