Expansion Underway: Sofia Airport Terminal 2 to Add 1000 New Parking Spaces
Deputy Minister of Transport and Communications, Anna Natova, announced the commencement of construction for an outdoor parking lot at Terminal 2 of Sofia Airport
Bulgaria hopes that Hamburg Port and Logistics Company, the operator of Germany's major port, will express interest in the concession of the Bulgarian Port Varna on the Black Sea, Transport Minister Ivaylo Moskovski stated in Berlin.
"We are currently preparing the procedure for the concession of Port Varna, and I hope that the operator of Port Hamburg will be interested," Moskovski stated at a meeting with Klaus-Dieter Scheurle, State Secretary of Germany's Ministry for Transport, Construction and Urban Planning in Berlin on Thursday.
He added that Bulgaria's Cabinet plans to offer on concession four or five Danube Ports as well as Sofia Airport and Plovdiv Airport.
""The program of the Bulgarian government provides for granting the Bulgarian ports and airports on 35-year concessions since the national budget does not have sufficient funds for investments," Moskovski explained in Berlin.
German transport company Fraport is already a major German concessionaire in Bulgaria.
The airports in Black Sea cities Varna and Burgas have been granted on concession to Fraport Twin Star Airport Management company, a German-Bulgarian consortium between the Varna-based TIM group's holding "Chimimport" (40%) and the German "Fraport", since 2006.
In 2010, Fraport Twin Star Airport Management paid the Bulgarian state a total of BGN 13 M for the concessions of Varna Airport and Burgas Airport, which slightly less than the BGN 14 M profit made by state-run Sofia International Airport. Sofia Airport, however, has more passengers than Varna and Burgas combined.
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Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Along the Southern Black Sea coast, preparations are in full swing for a successful and peaceful summer season, as confirmed by Minister of Tourism Evtim Miloshev following discussions with local authorities and control institutions
As summer approaches, Bulgaria's seaside tourism industry faces a daunting challenge as hotels may remain shuttered due to a severe shortage of staff
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022