BULGARIAN ECONOMY

Bulgaria – Greece gas interconnector construction in progress


Bulgarian Prime Minister Boyko Borissov expected the progress of construction of the Gas Interconnector Greece-Bulgaria. "This is a geostrategic project for both Bulgaria and the entire region," the PM said. He admitted that the pandemic had slowed it down a bit but, "as agreed with our Greek partners, it must be put into commercial operation this year".

Energy Minister Temenouzhka Petkova said that the pipe manufacture and delivery contract has been performed. So far, 187 km of pipes have been delivered in both countries, the topsoil has been stripped off on over 170 km of the pipeline
route in Bulgaria, more than 128 km of the pipes delivered are on site, and over 101 km have been welded. Work continues on digging the trench, laying the pipes and backfilling.

The gas pipeline is 182 km long, of which 151 km in Bulgaria and 31 km in Greece, with a design capacity of up to 3 billion cum/year, which may be increased to 5 billion cum/year if there is market demand. It runs from Komotini (Northeastern Greece) via Kurdjali, Haskovo and Dimitrovgrad to Stara Zagora (Southeastern Bulgaria).

 

NEWS FROM BCCI
BCCI and the Georgian Chamber of Commerce and Industry seek to intensify the relations between each other
Potential for cooperation in the sectors of tourism, wine industry, construction, light industry… Още
Review of the Bulgarian-Lebanese economic relations
Discussion on initiatives covered by the Lebanese-Bulgarian Business Council and the Association of the Bulgarian-Arab Chambers of Commerce. Още
BCCI provides legal consultations
In the field of company, commercial, administrative and labour law, out-of-court dispute resolution Още
BUSINESS CLIMATE
Bulgarian business will have breath of air in Pandemic, new aid program is worth BGN 78 million
Approved applicants will be able to cover operating costs with the fresh funds Още
Situation of the non-financial enterprises in the epidemic situation in January 2021
Amongst the responded enterprises, 43% declared a decrease in revenues from sales of goods and services Още
BULGARIA IN EU
Studies initiated by the European Commission confirmed the position of Bulgaria that texts of the Mobility Package I, when applied, would lead to an increase in harmful emissions
BULGARIAN ECONOMY
Bulgaria’s exports to Germany grow to record highs despite pandemic
From 2009 Bulgaria started to export goods of higher value Още
Bulgaria – Greece gas interconnector construction in progress
The gas pipeline is 182 km long, of which 151 km in Bulgaria and 31 km in Greece Още
FINANCE
Fitch Ratings has upgraded the Outlook on Bulgaria’s “BBB” Rating
The Positive Outlook reflects the dissipation of macroeconomic risks stemming from the Covid-19 pandemic Още
Ministry of Finance launches new issue of 5-Year GS at negative annual yield
The biggest amount of GS acquired by banks – 63% Още
PROGRAMMES & PROJECTS
53 projects for improvement of the public environment and social infrastructure will be financed under “Beautiful Bulgaria” in 2021
Of these, 51 are of municipalities and 2 are of third parties Още
VIEWS ON BULGARIA
History event: Niagara Falls will be illuminated in the colors of the Bulgarian Flag on March 3
On the occasion of the National Holiday of Bulgaria Още