This report presents a comprehensive overview of the Bulgarian optical fiber cables market, the effect of recent high-impact world events on it, and a forecast for the market development in the medium term. A view of the city from the Black Sea off Burgas, July 23, 2024 (BTA Photo/Hristo Stefanov) The Council of Ministers on Wednesday permitted five foreign-flagged research vessels operating in Bulgaria's maritime areas of the Black Sea to carry out a detailed survey linked to the Kardesa submarine. An official event organized by the British Embassy in Bulgaria marked the official launch of one of the most significant technological projects in the region – the construction of the Kardesa submarine fiber optic cable. With an investment of €100 million provided by Vodafone and NEQSOL Holding. GCN owns and operates a national backbone comprised of more than 3100 km of fiber-optic lines as well as international interconnections to Turkey, Greece, Romania, Macedonia and Georgia. GCN has full servitude rights for its network. The KAFOS cable passes through Bulgaria and under the Black Sea, from Istanbul to Bucharest. Representative of Sumitomo, EXFO, Trend Network and Euroclust for Bulgaria.