Bulgaria

Bulgaria’s interim PM Glavchev refuses to sign 10-year military support deal with Ukraine

Denitsa Koseva in Sofia December 19, 2024

Gerb also backs away from Ukraine deal as it seeks to secure pro-Russian Bulgarian Socialist Party as a coalition partner.

Russia reaps harvest of chaos in nearby democracies

Clare Nuttall in Glasgow December 19, 2024

Allegations of interference surround recent elections in Bulgaria, Georgia, Moldova and Romania.

The EU Council calls for a European geothermal action plan

bne IntelliNews December 19, 2024

The energy ministers in the EU Energy Council approved the outline of a European geothermal energy action plan on December 17.

FDI in Emerging Europe hit by geopolitical uncertainty and German slowdown

Clare Nuttall in Glasgow December 18, 2024

wiiw report warns lower investment trend could continue as Central and Eastern Europe's role as a production hub for Western companies is waning.

Hungarian households have joint lowest consumption levels in EU

Tamas Csonka in Budapest December 18, 2024

Hungarians and Bulgarians had the lowest spending power among EU member states.

IMF: The 2004 EU enlargement was a success story built on deep reform efforts

Sebastian Weber for the IMF December 16, 2024

New accession candidates will need to undertake equally ambitious reforms to make the next expansion a comparable success.

Russia spent €69mn on propaganda and interference in Bulgaria and Romania, Bulgarian cybersecurity group reveals

Denitsa Koseva in Sofia December 13, 2024

Funds were used to spread Russian influence and promote far-right discourse in both Bulgaria and Romania.

EU admits Bulgaria, Romania to full Schengen membership

Denitsa Koseva in Sofia December 12, 2024

Southeast European countries welcome membership of border-free area after years of vetoes by Schengen members.

Bulgaria’s central bank slams spending hike in 2025 budget

Denitsa Koseva in Sofia December 12, 2024

Central bank warns caretaker government to raise spending to unprecedented level, and jeopardise Bulgaria’s eurozone entry.

Bulgaria threatens to cut transit of Russian gas to Serbia

bne IntelliNews December 10, 2024

Caretaker Energy Minister Vladimir Malinov warns Bulgaria could end gas transit to Serbia to avoid breaching new US sanctions on Gazprombank.

Bulgarian prosecutors target ex-PM Petkov, putting coalition talks at risk

Denitsa Koseva in Sofia December 10, 2024

Request to lift parliamentary immunity made immediately before Petkov’s CC-DB was due to start talks with Gerb.

Bulgaria's GDP grows 2.4% in Q3 2024

bne IntelliNews December 9, 2024

Consumption drives upturn in GDP growth, while exports fall.

COMMENT: European countries plan hydrogen import infrastructure to achieve climate goals

Fuad Shahbazov in Durham December 6, 2024

Talks between Greece's DESFA and several Southeast and Central European countries aim to establish a new hydrogen corridor to Germany.

Emerging Europe winemakers sparkle as global wine production declines

Clare Nuttall in Glasgow December 4, 2024

Global production is set to fall 2% this year, but countries in Emerging Europe including Georgia, Hungary and Russia are bucking the trend, says the OIV.

Bulgaria’s full Schengen accession to bring in an annual €833mn

Denitsa Koseva in Sofia December 3, 2024

Cutting queues at borders will also save part of the estimated 46,162 tonnes of carbon dioxide emitted every year, says Bulgarian Economic Research Institute.

Gas prices rising as EU storage tanks empty faster than usual

bne IntelliNews December 2, 2024

Gas withdrawals from EU underground storage tanks have accelerated as Europe suffers from the first cold snap of winter. Gas tanks were 85.5% full as of December 1, having peaked at 95.3% full on October 29, according to Gas Infrastructure Europe.

Bulgaria loses out on EU funding after political instability stalls reforms

Denitsa Koseva in Sofia December 1, 2024

European Commission says Bulgaria’s second payment under the Recovery and Resilience Facility will fall short of the requested €653mn.

Bulgaria's Ampeco raises $26mn in Revaia-led Series B funding

Denitsa Koseva in Sofia November 27, 2024

Electric vehicle charging software developer to use funds for international expansion.

EBRD warns of risks for emerging markets pursuing industrial policies

Clare Nuttall in Glasgow November 26, 2024

Industrial policy is back "with a vengeance” but can have a distorting effect, EBRD chief economist Beata Javorcik told bne IntelliNews

INTERVIEW: Fintech in a volatile world

Clare Nuttall in Glasgow November 24, 2024

iBanFirst’s regional director for Southeast Europe Johan Gabriels discusses the rise of the fintech sector in the region.

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