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Bulgaria News

Airports & Aviation;Investments & Funding

EBRD invests €50 million in SOF Connect bonds to support Sofia Airport upgrade

The European Bank for Reconstruction and Development has invested €50 million in the first bond issuance by SOF Connect AD, operator of Sofia Airport, as part of a €450 million financing package. The landmark transaction, listed on Euronext Dublin, is the first such debt issuance by a Bulgarian entity and includes refinancing bonds, CAPEX bonds, and a CAPEX loan facility.

Bulgaria | 2 weeks ago

Renewable Energy

Etem Gestamp signs cross-border wind VPPA with Rezolv Energy for Romanian project

Etem Gestamp has signed a 10-year virtual power purchase agreement with Rezolv Energy to source electricity from the 461 MW VIFOR wind farm in Romania. The cross-border deal, the first publicly announced wind PPA in Bulgaria, complements Etem Gestamp's existing solar PPA to supply its automotive aluminium processing operations.

2 months ago • Bulgaria;Romania

Latest News

Defence | 2 days ago

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

Business & Corporate | 2 days ago

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Energy & Power | 2 days ago

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.