The current economic situation in Germany has a serious impact on business in the country, and at the same time it has an impact on companies in Bulgaria, especially those that have ties to the German market. According to the latest data presented in Dirk Kaufmann's DW article, the German economy is on track to enter recession for the second consecutive year,…
Digital transformation has become a major driver of change for businesses on a global scale. One of the key elements of this process is the concept of digital supply chains (Supply Chain, SC), which is changing the way companies manage their operations. At the heart of these innovations are technologies such as the Internet of Things (IoT), automated guided vehicles…
In 2023, the revenues of Bulgarian companies marked their first decline in the last decade, with total revenues decreasing by 0.95% to BGN 607.9 billion. Data presented by the National Revenue Agency (NAA) show that total accounting profit also decreased by 1.72%, reaching BGN 54.6 billion. Despite these negative trends, key sectors such as trade and processing...
Between October 1 and 4, 2024, in Inter Expo Center, Sofia, the 15th edition of MachTech & InnoTech Expo is being held - a leading exhibition for mechanical engineering, industrial automation and new technologies in Bulgaria. This year, the event gathers over 170 exhibitors from 12 countries, representing more than 350 global brands. Among them are several innovative…
The Rousse Chamber of Commerce and Industry reminds all manufacturing enterprises that they still have two weeks to submit their applications for participation in the third edition of the "Factory of the Year" competition, organized by "Capital". The aim of the initiative is to recognize the most innovative and sustainable manufacturing companies in Bulgaria. The deadline for submitting documents is October 15, 2024, and…
In recent years, the topic of the minimum wage (MW) has caused significant discussions among businesses and society in Bulgaria. With the planned increase of 15.41 TP3T in 2025, the remuneration will reach BGN 1,077, which poses a number of challenges for enterprises in the Ruse region and the entire country. Many companies, especially those in labor-intensive sectors, are struggling…
In 2023, Bulgaria's exports fell by 6.51 TP3T, reaching a value of BGN 86.9 billion, according to data from the National Statistical Institute (NSI). Despite this drop, exports are about BGN 18 billion more than in 2021 and have grown by nearly 50% over the last five years. For enterprises in Ruse and the region,...
Within the framework of the "Invest in Ruse" initiative, the Deputy Mayor for International Programs and Projects, Investments and Property Zlatomyra Stefanova and the Executive Director of the Ruse Chamber of Commerce and Industry (RTIK) Milen Dobrev visited "Steiner Electronic" EOOD. This visit is part of the strategic efforts of Ruse Municipality and RTIK to encourage investments and improve cooperation with leading local enterprises....
In recent months, the Bulgarian industry has reported a decline in production and exports, the main reason for this being the economic stagnation in Europe, and especially in Germany - a leading partner for many Bulgarian companies. For the Ruse region, which is an industrial center with key sectors such as mechanical engineering, electronics and component manufacturing, these trends also have their impact...
On September 11, 2024, on the last day of the two-week visit of the Bulgarian delegation to China, led by the Bulgarian Chamber of Commerce and Industry (BCCI), a key meeting was held with the China Council for the Promotion of International Trade (CCPIT). The meeting took place in Beijing and was led by the Vice Chairman of CCPIT and China Chamber of International Commerce (CCOIC), Dr.…
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