Ministry of Economy and Industry

Bulgaria's admission to the Schengen area could bring substantial financial benefits, amounting to an estimated 1.63 billion leva annually. This projection comes from a study conducted by the Institute for Economic Research at the Bulgarian Academy of Sciences, commissioned by the Ministry of Economy and Industry to evaluate the economic implications of joining Schengen.

Vice President Iliana Yotova emphasized Bulgaria's imperative to maintain momentum towards joining the Eurozone during a forum dedicated to the country's Eurozone accession prospects.

Only for the first month since the start of the "Affordable for you" initiative, a reduction in the prices of some of the basic food products has been observed by at least 10%, and for some products it reaches up to 40%.

All tobacco products featuring flavors other than tobacco are set to be withdrawn from sale by January 1, 2024. The amendments to the law on tobacco and tobacco products, recently ratified by deputies, established this regulation without encountering any debate.

The leading organizations of foreign investors in our country sent a position letter addressed to President Rumen Radev and Prime Minister Galab Donev, in which the statesmen are urged not to create conditions that worsen the business climate in Bulgaria.

In five months, Bulgaria exported weapons with a total value of 1,016,336,858 euros, reported BGNES.

The information is from the period March 1 to August 1, 2022. For the specified period, 289 permits were issued for the export and transfer of defense-related products.

The Ministry of Foreign Affairs of Bulgaria did not provide a diplomatic permit for Russian flights over Bulgarian territory that have on board the Minister of Foreign Affairs of the Russian Federation Sergey Lavrov with a note from June 1.

This is stated in the position of the Bulgarian Foreign Ministry.