Transfer of Madlen Deposit Concession to Riolitis to Bring Significant Support to Bulgaria’s Construction Industry: Overview and Plans

Bulgaria’s construction industry is set to receive a significant boost with the transfer of the Madlen deposit concession to Riolitis from Euroslag, approved by the Ministry of Energy. With an estimated reserve of 2.63 million tonnes of marl and 1.75 million tonnes of limestone, this deposit holds potential for the industry, providing a stable supply of high-quality raw materials for construction products. The development of the deposit aims to generate employment opportunities, support local producers, benefitting the local economy, and reducing the industry’s dependence on imports. However, the transfer has also met with opposition from environmental organizations and local communities concerned about the potential environmental impact.

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Brass Orchestras Festival: Celebrating Music In Veliko Tarnovo

The Brass Orchestras Festival in Veliko Tarnovo, Bulgaria, is an annual event that celebrates the rich tradition of military brass orchestras. Since its inception in 2006, this festival has become a significant cultural highlight in Veliko Tarnovo and attracts both local and international audiences. With the support of the Foundation International Festival of Military Orchestras,…

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Bulgarian bottle cap manufacturer Herti reports significant increase in net profit in Q1 of 2023.

Key Points: – Herti, a Bulgarian bottle cap manufacturer, reported an increase in its consolidated net profit for the first quarter of 2023. – The company’s net profit rose to 2.92 million levs ($1.6 million/1.5 million euro) compared to 1.62 million levs in the same period last year. – Herti attributed the increase in net…

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Bulgaria’s Economy Shows Resilience with Positive Trends in Business Sentiment, Industrial Production, and Tourism Industry Recovery

This news is welcomed in a climate of global economic uncertainty and serves as a testament to the resilience of Bulgaria’s economic policies. Positive Business Sentiment The rise in the overall business sentiment indicator in May is a clear indication of a positive outlook among business owners and managers in Bulgaria. This indicator takes into…

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Exploring The Celestial Wonders: National Astronomical Observatory Of Rozhen

Like a doorway to the mysteries of the universe, the National Astronomical Observatory of Rozhen beckons curious minds to explore the celestial wonders that lie beyond our earthly realm. Perched on the majestic Rhodope peak of Rozhen in Bulgaria, this observatory stands as a testament to human ingenuity and our insatiable quest for knowledge. Established…

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