Bogdan Bogdanov

The owner of the Burgas-based oil refinery, Lukoil Neftohim, through its parent company Litasco, has dismissed recent claims by the Financial Times that the refinery is being sold to a Qatari-British consortium.

Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges.

In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025. Bogdanov's remarks come amidst a backdrop of political upheaval and concerns over the country's strategic goals, particularly its aspirations for Eurozone accession.

The Minister of Economy, Bogdan Bogdanov, marked a significant milestone with the official commencement of construction for Schneider Electric's new production facility for electrical components in the "Thrace Economic Zone" near Plovdiv.

The commencement of the plenary session saw Rosen Zhelyazkov, the Chairman of the National Assembly, offering warm greetings in honor of International Women's Day.

In a concerted effort to tackle the pervasive issue of disinformation and misleading content, Bulgarian Finance Minister Asen Vassilev, along with Minister of Economy and Industry Bogdan Bogdanov, engaged in discussions with executives from META, the parent company of popular social networks such as Facebook, Instagram, and WhatsApp.

During their official visit to the United States, Bulgarian Ministers Bogdan Bogdanov and Asen Vassilev extended a warm invitation to American companies to invest in Bulgaria, particularly in high-tech industries.

Bulgaria has experienced a remarkable surge in foreign direct investments, marking a 12-year high with an increase to BGN 7 billion between January and November 2023, a BGN 2 billion rise from the previous year.

Foreign investments in Bulgaria have soared in the first ten months of 2023, reaching nearly EUR 3.4 billion—an impressive increase of over EUR 1.1 billion from the same period in 2022, marking a remarkable 53.6% year-on-year growth. Preliminary data from the Bulgarian National Bank highlights this as the country's highest foreign investment surge in almost 15 years.

Economy Minister Bogdan Bogdanov's visit to South Korea has laid the groundwork for a strategic memorandum between the two countries. Discussions held in Seoul with Korean officials, including Trade Minister Ahn Duk-geun, revealed plans for enhanced economic collaboration through a bilateral trade and investment promotion agreement.