Ministry of Economy and Energy

Bulgarian exports to Romania grew by over 40% in the first ten months of last year and exceeded 4 billion euros. This became clear during a meeting between the Minister of Economy and Industry Nikola Stoyanov and the Ambassador of Romania to our country H.E. Brandusa Ioana Predescu.

Representatives of the largest industrial union in Germany will be visiting Bulgaria next year to explore investment opportunities and launch new projects. This was agreed at a meeting of Deputy Economy Minister Alexandar Manolev with the Executive Director of the Bavarian Regional Union of German Machinery and Equipment Manufacturers Elgar Straub, the Ministry of Economy and Energy said.

A single Ministry of Tourism is necessary to secure the budget framework which the sector precisely needs, caretaker Deputy Economy and Energy Minister Branimir Botev believes.

Tourism continues to be a major sector in Bulgaria's economy, registering a growth in revenue and in the number of tourists, according to an analysis of the Institute of Marketing at the request of the Ministry of Economy and Energy.

The survey is based on summary data from the National Statistical Institute and the Bulgarian National Bank, investor.bg notes.

Dimitar Gogov, former head of state-owned gas supplier Bulgargaz EAD, has been appointed CEO of South Stream Bulgaria, the company tasked with building the Bulgarian section of the South Stream gas pipeline.

Bulgaria and Azerbaijan have signed two gas cooperation agreements, according to a media statement of the Ministry of Economy and Energy.

Mineral exploration and production activities are being conducted on an area of nearly 29 000 square kilometers in Bulgaria, or over ¼ of the country's territory, according to data of the Ministry of Economy and Energy.

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Chief executives of the Bobov Dol thermal power plant and trade union representatives have reached agreement with Bulgaria's caretaker government on normalizing the work at the plant and the coal mining companies in the region.

Five coal mining companies in Bulgaria are directly affected by the decision of the Ministry of Environment and Water to stop one of the units of the Bobov Dol Thermal Power Plant, according to trade unionists.

Workers at the Bobov Dol Coal Mine (Vagledobiv Bobov Dol EOOD) staged a one-hour protest and threatened to take further steps to defend their interests.

Bulgaria's exports to Russia last year amounted to some BGN 1B, Plamen Dimitrov, President of the Confederation of Independent Trade Unions in Bulgaria, told Nova TV.

So far, the list of imported products that Moscow has banned will affect no more than 2% of Bulgarian exports - mainly of raw fruits and dairy products.