Sofia Municipality is going to open at least five more Tourist Information Centers, in addition to the only existing one, according to Deputy Sofia Mayor Irina Savina.
The Tourist Information Center in Sofia was opened in January 2010; it is located... [Full story]
The repaired Bulgarian section of Danube Bridge 1 between the city Ruse and Romania's Giurgiu was opened Saturday by Prime Minister, Boyko Borisov.
The bridge is the only one existing on the Danube to connect Bulgaria and Romania, for which the... [Full story]
The first Bulgarian store of the Swedish furniture giant IKEA aims at attracting over 1.5 million visitors during the first year after its opening.
The information was announced by the Greek Fourlis company, which has the IKEA franchise rights for... [Full story]
The Supervisory Council of Bulgaria's Privatization Agency has given the final go-ahead for the sale of state cigarette-maker Bulgartabac to BT Invest, a firm wholly owned by Russia's government bank VTB.
After five-hour debates on Friday, the... [Full story]
Russian oil pipeline monopoly Transneft will freeze the construction of the troubled Burgas-Alexandroupolis project, which has been largely obstructed by Bulgaria's government in the past 2 years.
Transneft will not abandon the Burgas–Alexandroupolis... [Full story]
The subway line from the Mladost 3 district to the main thoroughfare of the Bulgarian capital Sofia – Tsarigradsko Shosse Boulevard will be open for use by May 2012.
The news was announced Thursday by Mayor, Yordanka Fandakova, who said that... [Full story]
Bulgaria's Prime Minister, Boyko Borisov, in the company of three members of his cabinet, broke ground Thursday of the second stage of the road to Greece through the Makaza mountain pass.
The road segment is between Kardzhali and Podkova. It is... [Full story]
Bulgarian President, Georgi Parvanov, has shown many times that he is clueless when it comes to economy and his experts have no clue either.
The statement was made Tuesday by Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, in... [Full story]
The State budget will not in any way need to be updated, Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, declared Wednesday.
In an interview for the Bulgarian National Radio, BNR, Djankov said there is enough money in the budget... [Full story]
The average quarterly total income per household member during the second quarter of 2011 was BGN 940.
This is 3.8% more compared to the same quarter of 2010.
The data was released Wednesday by the Bulgarian National Statistics Institute,... [Full story]
The Governing Board of Bulgaria's Privatization Agency approved Wednesday the sale of the State-owned tobacco monopoly Bulgartabac Holding to the Austria-registered BT Invest, owned by Russian state bank VTB.
On Monday, the buyer offered EUR 101.1 M... [Full story]
Two brand new "high-speed" roads will link the Bulgarian Danube city of Ruse with the future Hemus Highway connecting Sofia and Varna through Northern Bulgaria, Ruse's District Governor Plamen Stoilov announced.
Stoilov gave a report Wednesday on his... [Full story]
Bulgaria's Cabinet has adopted the report for the consolidated state fiscal program for the first half of 2011, stressing the stabilization of the country's macroeconomic indicators.
"The stabilization and gradual recovery of the Bulgarian economy... [Full story]
Electrical power utilities operating in Bulgaria might need to go through a restructuring, according to Angel Semerdzhiev, the head of the Bulgarian state energy regulator.
Discussions for restructuring aim at a complete transparency of the three... [Full story]
Bulgaria's government will launch September 1, 2011, the long-anticipated construction of a key section of the road from the Danube city of Ruse on the Romanian border to the Makaza Pass on the Greece border.
The section in question is the road... [Full story]
One of the top Bulgarian Black Sea resorts, Albena, has seen an increase of 6% in the number of tourists during the 2011 summer season, year-on-year, a company representative said.
The revenue will also be up but its increase will be smaller than the... [Full story]
Two of Greece's major banks – Alpha Bank and Eurobank EFG – have formally announced their planned merger, which will create the largest bank in Greece, and the third largest bank in Bulgaria.
"The Boards of Directors of Alpha Bank and Eurobank EFG... [Full story]
Bulgaria's Cabinet could complete the privatization of the "Freight Services" unit of state railways operator BDZ Holding within six months, according to Transport Minister Ivaylo Moskovski.
Moskovski told BNR Sunday that the plan for reforms of the... [Full story]
Bulgaria's total 2011 income from foreign tourists will reach EUR 2,7 B, according to estimates from the National Tourism Board, an NGO.
Thus, in 2011, Bulgaria's income from foreign tourists will grow by 4.5%, while the total number of foreign... [Full story]
The CEO of Lukoil Bulgaria, Valentin Zlatev, remains unwavering the company has not committed any tax or Customs law violations.
"Lukoil does not have even one citation for tax and Customs violations," Zlatev is quoted saying. He was adamant that... [Full story]
Building construction in Bulgaria is the cheapest in Europe, according to a comparative analysis of the EC Harris company, specializing in construction consulting.
The Bulgarian Trud (Labor) daily writes Saturday, citing the analysis, that expenses... [Full story]
Bulgaria's popular southern Black Sea resort of Sunny Beach wants British police officers to patrol it during the next tourist season.
"We are sure this would be a fairly effective way of collaboration, because it would improve the tourists' security.... [Full story]
The number of arrivals of visitors from abroad to Bulgaria in July 2011 was 1 609 900, which indicates a 2.6% increase year on year, the country's National Statistical Institute says.
Tourism is the main reason for the increase, as the arrivals with... [Full story]
Bulgaria's government of Prime Minister Boyko Borisov and his center-right GERB party will not raise taxes until its term ends in 2013, the country's Finance Minister and Deputy PM Simeon Djankov promised Thursday.
In in interview for the Bulgarian... [Full story]
Bulgaria's Cabinet has declared the road from the Danube city of Ruse on the Romanian border to the Makaza Pass on the Greece border to be a project "of national importance" in a long-awaited move.
The Ruse-Makaza road linking Romania and Greece... [Full story]
A peculiar tourist attraction – a 45-meter-long artificial dinosaur has arrived in Bulgaria's Black Sea capital Varna.
The curious are welcome to take a tour inside the giant Hollywood-manufactured beast and feel its heartbeat and breathing, as well... [Full story]
Bulgaria's Cabinet has assigned the management of the future civilian airport at the Black Sea town of Balchik to Sofia International Airport.
“Sofia Airport, whose parent organization is the Ministry of Transport, IT and Communications, has... [Full story]
The chaotic urban development of the Bulgarian Black Sea resorts has been exposed as the Regional Development Ministry is trying to figure out how many tourists reside in each one of them over the summer.
"The Bulgarian state will not pour a single... [Full story]
Bulgaria's Customs Agency is checking whether Lukoil Neftochim is being siphoned off by its subsidiary Litasco, which controls volumes entering and exiting the oil refinery.
The announcement was made Sunday by Customs Agency head Vanyo Tanov in... [Full story]
The Bulgarian government has granted Trans-Balkan Pipeline, a Bulgarian-Greek-Russian project company, another extension on the environmental assessment of the Burgas-Alexandroupolis oil pipeline project.
Bulgaria's Environment Ministry is granting... [Full story]
The project for the underground network of Bulgaria's capital Sofia is exemplary, according to a source in the European Commission, reports Bulgarian EU Funds Minsiter Tomislav Donchev.
According to Donchev, the DG Regional Policy representative has... [Full story]
Lukoil Bulgaria has been chronically failing to adequately pay its taxes, according to Bulgarian Customs Agency head Vanyo Tanov.
Recently a controversy developed in Bulgaria, after Tanov ordered a retraction of operation licenses of Lukoil Neftochim... [Full story]
Bulgaria's Minister of Regional Development and Public Works, Rosen Plevneliev, is attending Friday the opening of the public tender bids for Lot 4 of the Struma Highway.
The news was reported by the TV channel bTV.
Lot 4 runs between the southern... [Full story]
The Bulgarian Air Traffic Services Authority (BULATSA) and construction company Glavbolgarstroy have signed a contract for the preliminary design and construction of a new control tower at Sofia Airport.
The air traffic control tower will be 50 meters... [Full story]
A total of 15 Bulgarian and foreign companies have applied in the tender to build Lot 4 of Bulgaria's southwestern Struma Highway, the Road Infrastructure Agency announced upon opening the bids.
The applicants are from Austria, Bulgaria, Croatia,... [Full story]
Bulgaria's troubled state railway company BDZ has managed to increase its revenues from ticket sales by boosting its travel inspections and policing.
In January-July 2011, BDZ's revenues from the sale of tickets on board of trains grew by almost 11%... [Full story]
Data from the Bulgarian National Statistical Institute (NSI) is confirming the various reports that Bulgaria's tourism sector is enjoying a very strong summer season in 2011.
The total revenue from tourist accommodation (i.e. hotel room and apartment... [Full story]
One of the most popular magazines in the music world, Rolling Stone, has stopped to appear in a Bulgarian language edition less than two years after its launch.
Rolling Stone stepped on the Bulgarian market in November 2009 with the ambition to play a... [Full story]
Bulgaria must seek new markets for its products, and the countries in Southern Africa such as Zambia offer big opportunities, according to officials from the Bulgarian Chamber of Commerce and Industry (BCCI).
The business opportunities in Zambia have... [Full story]
The Gross Domestic Product, GDP, increased by 0.2% in both the Eurozone and the EU during the second quarter of 2011, compared with the previous quarter, according to flash estimates.
In the first quarter of 2011, growth rates were +0.8% in both... [Full story]
Bulgarian Transport Minister Ivaylo Moskovski will attend Friday the signing of a contract for the preliminary design and construction of a new control tower at Sofia Airport.
The document will be signed by the Director General of the Bulgarian Air... [Full story]
A map with little-known yet interesting places to visit in Sofia will be presented Wednesday to Sofia municipal councilors and the business sector.
The colorful leaflet titled "The Unknown Sofia" is to be ready by the end of the month, according to a... [Full story]
Bulgarian banks have seen a significant growth in deposits over the last two months thanks to Greek and Romanian nationals, who rush to stash their savings here, officials and bankers say.
The deposits of foreign citizens and companies in local banks... [Full story]
The sales of wine on the local market in Bulgaria are up 40% in the first half of 2011, compared to the same period of last year.
The data was released Wednesday by the Bulgarian Executive Vine and Wine Agency.
The 40% mean Bulgarians drank 11.5... [Full story]
Sofia Airport registered a monthly slowdown in passenger traffic growth in July.
In July 2011 Sofia Airport serviced a total of 336.5 passengers, up by 3% compared to the same month in 2010, according to a media statement of the company.
In June... [Full story]
Europa Capital LLP, a member of the Rockefeller Group, has completed the acquisition of Mall of Sofia, the first shopping mall in Bulgaria's capital, the company has announced.
"Europa Capital LLP, the fund manager of Europa Fund III and the Europa... [Full story]
Bulgaria's government has been giving too much money for the security sector, and too little for, and that is bound to change in 2012, Finance Minister Simeon Djankov has promised.
"The major focus of the 2012 Budget Act will be the redistribution of... [Full story]
Sofia Municipality is taking a number of measures to revamp the public city transport in order to make a better use of the second line of the Sofia Metro that is to be launched in 2012, officials have announced.
In early 2012, the municipality will... [Full story]
The trolleybus park in the Bulgarian capital Sofia will be replaced nearly 100% in the next year to year and a half.
Thirty new trolleys have been purchased with EU funding in 2010, which is about 30% of the existing trolley park in the capital. 50... [Full story]
Bulgarian Revenue Agency, NRA, has launched a probe of 47 yachts at the beach resort towns of St. Vlass and Nessebar on the southern Black Sea coast.
The information was reported Tuesday by the NRA press center.
The revenue agents have listed the... [Full story]
Qatar's national carrier has confirmed it is about to launch flights to and from Sofia in the middle of September and tickets are already on sale.
The flights will be launched on September 14 and will be served four times a week via Bucharest on board... [Full story]
The Balchik palace complex in the northern Black Sea coast of Bulgaria is marking during summer 2011 a peak of weddings of couples from all over the world.
Over 30 couples from Bulgaria, the US, Switzerland, Australia, Romania and Slovakia have chosen... [Full story]
Bulgaria attracted a total of only EUR 7.9 M in foreign direct investment in the first six months of 2011, according to latest data from the Bulgarian National Bank.
Compared with the first six months of 2010 when the foreign investments in Bulgaria... [Full story]
Bulgaria's government is selling "Industrial Construction Holding", a state company, to a local private investor for BGN 12.01 M, the Privatization Agency announced.
The selected buyer of Industrial Construction Holding is Vodstroy 98, a... [Full story]
Bulgarian towns are not stimulated enough to build facilities to clean sewage, which is a serious drawback, stated Bulgarian PM Boyko Borisov in Varna Sunday.
"For some 20 years almost nothing has been done in the field, and this is a problem... [Full story]
Bulgarian capital Sofia is planning to allot some 38 acres nearby defunct steel plant Kremikovtzi for the creation of a new industrial park, according to a publication by wide-circulation 24 Chasa daily Sunday.
The land is owned by Sofia Municipality... [Full story]
The shipyard in Bulgarian Danube city of Ruse built a sea-faring ship for 3.5 months instead of the usual 12-month period.
Monday the newly built 8,000 tonne deadweight, 128.5 m freight ship will be sail off to Varna for testing.
The ship, called... [Full story]
Bulgaria has partly regained its popularity among overseas buyers, breaking back into the top ten most preferred real estate markets for Britons, according to a UK guide for residential property.
3.3% of all enquiries in July were directed at... [Full story]
Bulgaria's largest summer resort Sunny Beach, which has recently made headlines with binging sprees, alcohol-related accidents, crime and prostitution, has ousted Mallorca in the hearts of young Germans.
"The German tourists now prefer to spend their... [Full story]
Bulgaria's 2011 summer tourist season will most likely end up being the most successful in terms of revenues in the past ten years, various data indicates.
The Institute for Analysis and Assessment in Tourism, a think-tank, estimated that 6.6 million... [Full story]
Lukoil has reduced retail fuel prices at its filling station chain in Bulgaria.
As of August 12, gasoline A95H costs BGN 2.41 per liter, gasoline A98H sells for BGN 2.57 per liter, diesel trades at BGN 2.40 per liter and LPG has a price tag of BGN... [Full story]
Bulgaria has registered a 0.0% monthly inflation rate in July 2011, according to the National Statistical Institute (NSI).
The consumer price index (CPI) in July 2011 compared to June 2011 was 100.0%.
The inflation rate since the beginning of the... [Full story]
Bulgaria's agriculture sector has achieved a higher wheat yield in 2011 than was originally expected, according to Agriculture Ministry data.
As the harvesting campaign around the country is wrapping up, with 99.4% of the plots already harvested,... [Full story]
Melia Hotels International has signed a contract to manage a new hotel in Bulgaria's top Black Sea resort Nessebar.
The Spanish-owned chain formerly known as Sol Melia is taking over the management of the four-star Marina Palace hotel in Nessebar,... [Full story]
Bulgaria's state authorities are seeking bidders for the concession of the inactive airport in the northwestern city of Vidin, Plamen Stefanov, Vidin District Governor, told Novinite.com (Sofia News Agency).
In an interview for Novinite.com dedicated... [Full story]
Bulgaria's population managed to put aside regular savings over the last year, leading to a sharp increase in the money stashed in bank deposits, official data shows.
Bulgarian citizens have saved in deposits BGN 2.8 B, while companies – BGN 1.2 B... [Full story]
Russia's Atomstroyexport, a subsidiary of state nuclear corporation Rosatom, has offered Bulgaria a new extension of the contract for the construction of the Belene nuclear power plant, amidst continuing haggling over the project's... [Full story]
The United Bulgarian Bank (UBB), which is fully owned by the National Bank of Greece (NBG), has announced a net profit of BGN 63.88 M in 2010.
The general assembly of the UBB shareholders has decided to add its 2010 net profit to the bank's capital,... [Full story]
Dominant fuel seller Lukoil Bulgaria decreased on Thursday petrol and diesel prices by some 2%, turning a blind eye to the much sharper drop in crude oil costs on global markets.
The A-95H, the most widely used and lowest octane gasoline in the... [Full story]
Bulgaria's Privatization Agency is set to file a claim against the National Bank of Greece for at least EUR 3 M at the Court of Arbitration in Paris, for failing to pay a bank guarantee.
The Privatization Agency contends that the failure to pay the... [Full story]
Bulgarian cigarette maker King's Tobacco has accused an offshore company registered on the Virgin Islands of trying to lay its hands on their key brand – The King.
The Plovdiv-based company suspects that Moroy Assets Limited aims to deliberately... [Full story]
Bulgaria's anti-trust commission will launch a probe into a possible newspaper monopoly, the first of its kind in the country.
The news comes shortly after the purchase of a large number of titles by media mogul Irena Krasteva and the recent squabbles... [Full story]
A contract signed Thursday has become a "decisive" first step for the construction of the natural gas grid interconnection between Bulgaria and Greece, the Bulgarian Energy Holding announced.
The contract for the Front End Engineering Design (FEED)... [Full story]
The average market price of residential properties in Sofia is down over 10% in the second quarter of 2011, compared to the same period of last year.
The data comes from a report of Raiffeisen Real Estate which measures the dynamics of the actual... [Full story]
Bulgaria's Privatization Agency has announced a tender for the sale of two state-owned minority stakes in two of the country's military repair plants from the TEREM group.
Thus, the Agency for Privatization and Post-Privatization Control will offer... [Full story]
Bulgaria's finance minister has launched a probe into the allegedly inflated prices that local mobile operators charge, the highest across the European Union, promising justice for the clients.
"We are currently analyzing the market of telephone... [Full story]
The number of new mortgage loans has gone tangibly up in Bulgaria in the second quarter of 2011 as the real estate market and banking activity are becoming more dynamic, according to a report.
Thus, the number of mortgage loans increased by 18% in Q2... [Full story]
The number of completed new buildings increased in the second quarter of 2011, but the number of dwellings in them decreased, according to preliminary data the National Statistical Institute (NSI).
A total of 742 new residential buildings were put... [Full story]
Bulgaria's anti-trust commission is likely to launch a probe into a possible mobile price cartel after both Sofia and Brussels rose up against the rates charged by local mobile operators, the highest in Europe.
The Commission for Protection of... [Full story]
Bulgarians should not be worried because they will not suffer from the effects of international stock market turmoil, according to Finance Minister Simeon Djankov.
"There is no new global financial crisis coming up. Some countries might have problems... [Full story]
Bulgaria's consumption of natural gas grew by 2% in 2010 compared with 2009, according to the newly released financial report of state company Bulgargaz.
The Bulgargaz report, which has been published in the Bulgarian Trade Registry, states that in... [Full story]
The new version of the national tourism portal of the Bulgarian government www.bulgariatravel.org is said to be ready in a month.
According to the Bulgarian Ministry of Economy, Energy, and Tourism, as cited by Dnevnik, the new site will be up and... [Full story]
The Bulgarian authorities have demolished more than 15 illegal buildings in the country's largest and most popular summer resort Sunny Beach.
The buildings have been located mostly on the sand in the northern beach of the resort.
The action had... [Full story]
In the period January - June 2011 the Bulgarian exports to third countries increased by 35.5% compared to the corresponding period of the previous year and exceeded BGN 7.2 B.
The data was released by the National Statistics Institute, NSI,... [Full story]
In the period January - May 2011 the Bulgarian exports to the EU increased by 48.7% compared to the corresponding period of the previous year and amounted to BGN 9.6 B.
The data was released by the National Statistics Institute, NSI, Tuesday.
The... [Full story]
The average monthly wages and salaries of Bulgarian employees under labor contract in April, May and June 2011 was BGN 711, 698 and 690, respectively.
The preliminary data was released Tuesday by the National Statistical Institute (NSI)
In the... [Full story]
In 2010, Bulgaria acted as a mediator in an arms deal between Serbia and Cambodia for 50 T-55 tanks, according to the updated UN Register of Conventional Arms (UNROCA).
The Serbian tanks were first delivered to Bulgaria, from where they were... [Full story]
Bulgaria's production of rice has been steadily on the rise in the past 5 years, according to latest data of the Ministry of Agriculture and Foods.
While in 2005 Bulgaria produced 20 000 metric tons of rice, in 2010, its output reached 57 000 metric... [Full story]
The downgrading of the US credit rating by S&P is a sign the current times are not times for populism, according to Bulgaria's Prime Minister, Boyko Borisov.
Borisov made the comment for the Bulgarian "Trud" (Labor) daily in a phone call, saying those... [Full story]
Bulgaria's capital Sofia will have some of the most beautiful downtown metro stations in Europe, according to Head of the Sofia Metropolitan Company, Stoyan Bratoev.
The subway stop near the National Palace of Culture will have on display inside a... [Full story]
Unilever Central and Eastern Europe has bought out "Darko", the second largest distributor and producer of ice cream in Bulgaria.
Unilever and the Balkan Accession Fund (BAF), Darko's current owner, announced the deal Monday, without specifying the... [Full story]
Romanian oil company Rompetrol has opened its 58th gas station in Bulgaria, amidst plans to boost its presence on the Bulgarian market.
The newly opened Rompetrol gas station is located on the E79 road, 10 km north of the Kulata crossing point on the... [Full story]
Preliminary data, released Monday by the Bulgarian National Statistics Institute, NSI, showed that the seasonally adjusted Industrial Production Index is down by 1.5% in June 2011, compared to May.
In June 2011, the work day adjusted Industrial... [Full story]
The "Dynamo" factory in the Southern Bulgarian city of Sliven, a leading producer in the automotive and machine-building industries, plans to invest over BGN 0.5 M to boost production capacity and meet the high requirements of the market.
A new... [Full story]
Bulgaria's unemployment rate has seen a negligible drop in July 2011, latest data of the State Employment Agency shows.
A total of 315 375 persons were officially registered as unemployed in Bulgaria at the end of July, which is 2 962 fewer compared... [Full story]
Electronics, IT, and services outsourcing are the sectors of the Bulgarian economy that harbor the greatest growth potential, states the major conclusion of a fresh study by Bulgaria's Finance Ministry.
The report of the Economic Analysis and... [Full story]
According to estimates, 6.6 M tourists will have visited the Bulgarian Black Sea by the end of the season in August.
This means a growth of the number of tourists by some 14% with respect to their numbers in 2010.
According to the Institute for... [Full story]
Bulgarian capital Sofia closed down popular downtown Shishman Street for car traffic, leaving it open for pedestrians starting Saturday on through August 31.
The move is part of the renewed "Sofia Breathes" campaign and will feature a plethora of... [Full story]
Bulgaria will not fail to feel the effects from the debt crises that have grappled the USA and the Eurozone, according to local economy analysts.
The downgrading of the US debt rating by Standard & Poor's from AAA to AA+ will lead to instability in... [Full story]
Bulgarians, who pay the highest prices for mobile calls across the European Union, will welcome the new year with good news for lower bills from their mobile operators, the regulatory authority has promised.
Bulgaria's watchdog, the Communications... [Full story]
Bulgaria's state-run power grid operator has threatened to sue in Geneva Russia's state nuclear company Atomstroyexport over delayed payments on planned Belene nuclear plant.
The government in Sofia however was quick to point out that this is not a... [Full story]
Bulgarian Gmail users can make low-cost calls from within the popular e-mail service to a traditional landline or mobile phone number as of August 4.
A year after Google enabled calling mobiles and landlines directly from within Gmail for US and... [Full story]
Bulgaria features on the top 10 of destinations for adventure tourism among developing countries, a survey of George Washington University in Washington DC has found.
Among the developing countries, Israel, Slovakia and Chile have been highlited as... [Full story]
Bulgaria's Economy and Energy Minister, Traiko Traikov, has requested a probe of the Commission for Competition Protection, KZK, into a possible monopoly on the jet fuel market in the country.
The information was announced by Traikov in a Wednesday... [Full story]
The lively Sofia Central Park, known as Borisova Gradina, named after Bulgaria's last king, Boris III, became Wednesday property of Sofia City Hall.
The decision was made by the Council of Ministers during their regularly scheduled meeting. With the... [Full story]
The Bulgarian Cabinet created Wednesday a limited state company for the management of Balchik Airport, following up on plans to transform the idling military facility into an international airport.
The company, with capital of BGN 0.39 M, will be... [Full story]
Nearly 8 000 from the over 49 000 business enterprises established in Bulgaria in 2008 have been closed a year later.
The data comes from a study of the Bulgarian National Statistics Institute, NSI, released Tuesday under the title 2009 Business... [Full story]
Driven by strong exports, as well as the good performance of the industry and services sectors, the Bulgarian economy has started to expand, but too weakly and unsteadily, a local think-tank has said.
Bulgaria's gross domestic product will grow by up... [Full story]
Bulgaria's Prime Minister, Boyko Borisov, and the Minister of Regional Policy and Public Works, Rosen Plevneliev, broke the ground of Lot 1 of Maritsa highway.
The ceremony took place Tuesday near the southern town of Chirpan.
The segment... [Full story]
Russian authorities have confirmed that the country's second-biggest bank VTB plans the acquisition of a majority stake in Bulgaria's cigarette maker Bulgartabac, local media reported.
The bank will most probably resell the holding after winning the... [Full story]
The Bulgarian Finance Ministry has registered a budget deficit of BGN 650 M for the first half of 2011 or 0.9% of the expected GDP.
In 2010, the budget deficit at the end of June, accumulated during the first six months of the year, has been BGN 1.5... [Full story]
The British company Farans Construction Ltd has sent a letter to the Bulgarian cabinet, stating it is willing to build a new prison in Sofia.
The company, based in Ireland, cited by the Bulgarian daily 24 Chassa (24 Hours), informs it can build two... [Full story]
Several years will be needed for the new office space in the Bulgarian capital Sofia to be absorbed by the market, according to a report of Colliers International.
The total area of "modern office space" in Sofia has reached 1.378 million square... [Full story]
Steve Hanke, the architect of Bulgaria's currency regime and one of the opponents of its Eurozone aspirations says the reason for the good state of the Bulgarian economy is the disciplining role of the currency board.
Hanke spoke Saturday in an... [Full story]
Bulgaria's Prime Minister, Boyko Borisov, officially opened Saturday the brand-new Sofia sports facility "Armeets Arena.
The Mayor of Sofia, Yordanka Fandakova, and the Minister of Sports and Youth, Svilen Neykov, also attended the ceremony. They all... [Full story]
Bulgarian Prime Minister Boyko Borisov has dubbed the revoked licenses of the two tax warehouses of Lukoil "a test" for the ministers".
"Now we shall see if they were right in claiming that imported fuel is cheaper and the Burgas-based Neftochim... [Full story]
Russia has lifted the ban on vegetable imports from Bulgaria, which was imposed over the deadly E. coli outbreak, the consumer safety service announced.
All shipments, entering the country, will be let in if they are proven safe by a Bulgarian... [Full story]
The Bulgarian parliament will debate at first reading on Thursday constitutional amendments, proposed by Finance Minister Simeon Djankov, which will pave the way for the introduction of the so-called Financial Stability Pact.
Upon submitting the draft... [Full story]
In July 2011, the total business climate indicator In Bulgaria increases by 0.7%, compared to its level from the previous month, the National Statistical Institute, NSI, has informed Thursday.
Improvement is observed in the industry, construction and... [Full story]
Trips of Bulgarians abroad came in at 328.8 thousand in June 2011, registering a 3.8% increase on the year, according to the country's National Statistical Institute.
An upward trend was registered in the trips to the following destinations: Hungary -... [Full story]
The Bulgarian city of Vratsa announced Tuesday the project of constructing a BGN 5.3 M recreational part in the Ledenika Cave.
The project is funded by the Regional Development Operational Programme within the framework of a strategy for developing... [Full story]
The number of millionaires in Bulgaria has skyrocketed over the past year, according to data provided by National Revenue Agency (NRA) head Krasimir Stefanov.
A total of 1673 Bulgarians have declared taxable incomes of over BGN 1 M for 2010, which... [Full story]
Prices of fruit and vegetables are falling traditionally for this time of the year with their wholesale price index going down to 1.9 points.
The data was released by the State Commission for Commodity Exchanges and Market Places.
Prices of... [Full story]
The Bulgarian Transport Ministry is reinstating the popular sea shuttles known as comets servicing the country's beach resorts and coastal cities.
The decision comes after a 20-year break, the Bulgarian TV channel bTV reports Sunday. The initial... [Full story]
Bulgaria's anti-monopoly body has given the green light to the acquisition of a shopping mall in the capital Sofia by London-based property fund manager Europa Capital, part of US real estate investor Rockefeller Group International.
The Commission... [Full story]
Moody's recent upgrade of Bulgaria's debt is the first step towards distinguishing it clearly from the troubled countries in the region, a local expert argues.
"This is the beginning of a process of differentiation, which - if brought to an end... [Full story]
An increase in the number of Russian tourists has been registered in Bulgaria over the last two years, according to Marin Neshkov, chair of the tourist chamber of the country's Black Sea capital Varna, has said.
Besides Russians, tourists from Germany... [Full story]
Bulgaria has not changed its intention to join the euro zone but it does not expect to start specific talks for accession to the ERM-2 before the situation with the euro zone debt crises clears, according to Finance Minister Simeon Djankov.
"We are... [Full story]
A lawsuit has been filed by Russia's Atomstroyexport, a Rosatom subsidiary, demanding that Bulgaria's National Electric Company (NEK) pay EUR 58 M in arrears for works on the construction of the Belene nuclear power plant.
"As the Bulgarian company is... [Full story]
Japanese company Toshiba intends to continue its investments in the construction of a 10 MW solar park near the Southeastern Bulgarian town of Yambol.
Toshiba representatives have confirmed their commitment during a meeting with Yambol's Mayor, Georgi... [Full story]
Bulgaria's dwelling prices have decreased by 6.4% year on year during the second quarter of 2011, according to the country's National Statistical Institute.
The dwelling prices have dropped with 1.6% in comparison with the year's first quarter.... [Full story]
Moody's Investors Service has upgraded Bulgaria's government debt ratings to Baa2 with a stable outlook from Baa3 in a long-anticipated review.
According to a statement on the website of the international credit rating agency signed by Kristin Lindow,... [Full story]
The euro zone and the rest of the EU should learn from Bulgaria's example as far as strict fiscal stability is concerned, Bulgarian Finance Minister Simeon Djankov has declared in interviews for major global media.
In a series of interviews in London,... [Full story]
An offshore company, registered on the British Virgin Islands, has acquired the buyer of Bulgaria's biggest steel mill Kremikovtzi amid many question marks surrounding the deal.
"Bessian Management Limited" bought "Eltrade company", owned by... [Full story]
Sofia has been ranked the most affordable European city for US travelers by TripAdvisor, a travel review website based in Newton.
The firm has based its list on what it calls a TripIndex, which takes into account foreign currency exchange rates, hotel... [Full story]
Austrian company EVN has approved a capital hike to boost its stake in the Bulgarian hydro power plant project Gorna Arda to 70%.
The takeover of a 70% stake in the vastly troubled Bulgarian hydro power project on the Arda river in the south from... [Full story]
Moscow could soon freeze temporarily its gas pipeline project "South Stream" and increase gas export to Europe thanks to Germany as a reliable partner.
The information was reported by the Russian news agency RIA Novosti, citing the Russian daily... [Full story]
Bulgaria will finalize shale gas exploration talks with US Chevron and seal a contract in the next few days, Energy Minister Traicho Traikov has announced.
Traikov participated Tuesday in a discussion on shale gas exploration and production in... [Full story]
The foreign direct investment that Bulgaria's post-crisis economy will attract per year will stabilize at about 4%-5% of the GDP, according to a forecast of UniCredit Bulbank.
While in the pre-crisis period – 2002-2008 – Bulgaria's FDI averaged over... [Full story]
Bulgaria's government has voted to allocate state budget funds for the construction of Lot 1 and Lot 2 of the southeastern Maritsa Highway before the European Commission has formally approved their EU funding.
The press statement of the Council of... [Full story]
Bulgaria exported arms and munitions worth over EUR 259 M in 2010, according to a Bulgarian government report.
The 2010 of the Inter-institution Commission for Export Control and Non-proliferation of Weapons of Mass Destruction of the Bulgarian... [Full story]
Draft legislation approved by the Bulgarian Cabinet on Wednesday is going to allow the Sofia International Airport to determine its own airport fees, a measure that could lead to increase of plane ticket prices.
Sofia Airport will be determining its... [Full story]
Bulgaria's Vivacom telco has sold the last 50% of its transmission company NURTS to Bluesat Partners Ltd for an undisclosed fee.
In August 2010, Vivacom sold the other 50% of NURTS to Cyprus-registered Mancelord Limited.
Until now, NURTS was a... [Full story]
Italian engineering company D'Appolonia S.p.A. (D'Appolonia) has been appointed as new Environmental and Social Impact Assessment (ESIA) Advisor for the Nabucco Pipeline Project, effective from 1 June 2011.
The main purpose of D´Appolonia's... [Full story]
The Bulgarian cabinet must speed up the administrative reform in helping the small and medium business, according to the Bulgarian EU Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, Kristalina Georgieva.
Georgieva,... [Full story]
The large-scale industrial conversion of conventional cars into electric vehicles is expected to become Bulgaria's new major industry, a special report of Novinite.com (Sofia News Agency) has found.
The development of Bulgaria's electric vehicle... [Full story]
The Sofia City Hall is going to request to become the manager of the Sofia Central Park known as Borisova Gradina.
The news was reported by the Mayor of Sofia, Yordanka Fandakova, who visited Monday another one of the capital's parks – Geo Milev, to... [Full story]
The Bulgarian government has launched the construction of an 8-km section of the Hemus Highway, which is supposed to connect Sofia and Varna through Northern Bulgaria.
The start of the construction was given by Prime Minister Boyko Borisov, Finance... [Full story]
Bulgaria has completed the first half of 2011 with a budget deficit of 0.9% its GDP, according to latest data from the Finance Ministry.
Thus, in January-June 2011, Bulgaria's deficit on cash basis under the government's Consolidated Fiscal Program... [Full story]
Bulgaria's touristic branch expects good results 2011, according to Blagoy Ragin, chair of the country's organization of hotel and restaurant owners.
However, this year's mistakes should be seriously analyzed, he told Darik radio, referring to the... [Full story]
Bulgaria and Romania's economy ministers have discussed two large-scale hydro-energy projects on the Danube, whose future realization is said to harbor great economic potential.
Bulgaria's Minister of Economy, Energy, and Tourism Traicho Traikov was... [Full story]
Bulgarian left-wing MP Rumen Petkov has rejected allegations that Lukoil participates in smuggling schemes.
In a Sunday interview for the Bulgarian National Radio (BNR), the socialist MP and former Interior Minister in the Socialist-led three-way... [Full story]
Fuel prices in Bulgaria has reached new highs after Lukoil Bulgaria announced new minor increases.
The wholesale price of the most widely use gas fuel A95 has reached BGN 2.52 per liter, up by BGN 0.04, while the diesel has hit BGN 2.51, after an... [Full story]
Luxembourg-based international logistics service provider Logwin has started a Bulgarian subsidiary with high hopes for the Bulgarian economy, according to a company statement.
Logwin formally set up its own national organization in Bulgaria on June... [Full story]
Some 400 000 British tourists will have visited Bulgaria by the end of 2011, Catherine Barber, current Charge d 'Affairs of Great Britain in the Balkan country' has stated.
Bulgaria is not considered a cheap destination among Brits, Barber has... [Full story]
A Spanish company presented in the capital Sofia several large-scale projects for new sports facilities.
The projects are for a new national stadium and two others – one also in Sofia and and one in the second largest city of Plovdiv.
The company... [Full story]
The newly-appointed CEO of state-owned Bulgartransgaz company, a subsidiary of Bulgargaz, Kiril Temelkov will also be in charge of the Bulgarian firm for the realization of the Nabucco gas transit pipeline.
Temelkov is going to serve temporarily as... [Full story]
The properties on sale in Bulgarian winter and ski resorts are continuing to go down, according to an analysis of Bulgarian Properties, a real estate agency.
The demand for fully furnished apartments in Bulgaria's three largest winter resorts –... [Full story]
Nola 7, Bulgaria's leading spa company signed a strategic cooperation agreement with its Chinese partner Beijing LSJH, receiving green light to make a major step into the Asian country's market.
Thus, Nola 7 will become the first Bulgarian company... [Full story]
Five banks will offer loans on preferential terms to Bulgaria's business sector under the JEREMIE initiative.
On July 14, Bulgarian Minister of Economy, Energy and Tourism Traicho Traikov signed guarantee agreements with EIBank, ProCredit Bank,... [Full story]
Cultural and spa activities are considered the most attractive forms of tourism among the foreign tourists in Bulgaria, according to a poll conducted by Synesta Consortium.
In contrast, Bulgarians most frequently visit relatives or travel to the... [Full story]
P2 Solar, Inc., based in Surrey, British Columbia, Canada, has announced it has executed an option agreement to develop a 7.3 MW solar power farm in Bulgaria.
The "shovel-ready" project with a 20 year gross revenue of USD 76.5 M is located in... [Full story]
Bulgaria's Customs Agency is starting an all-out inspection campaign on fuel excise facilities after it has detected violations at the Lukoil Neftohim refinery in Burgas.
The move, which also features inspections on gasoline trucks by mobile groups,... [Full story]
The Bulgarian government has approved a contribution to the Bulgarian state company for the construction of the vastly troubled Burgas-Alexandroupolis oil pipeline, which is at the bare minimum for keeping the project alive.
With its decision... [Full story]
Henk Markerink, CEO of famous Dutch stadium Amsterdam ArenA, will launch the construction of a new national stadium in the Bulgarian capital Sofia together with his team of experts, it was announced Wednesday.
Merkerink met with Bulgarian Sports... [Full story]
Compared to 2010, which was characterized with a record supply of new shopping centers, no significant retail schemes have been completed since the beginning of 2011, according to the Q2 report of Forton International.
The current shopping center... [Full story]
Data shows Bulgaria's real estate sector is experiencing a limited recovery, according to the "Bulgaria Real Estate Report Q3 2011" of Business Monitor International (BMI).
"Bulgaria's real estate sector has experienced a startling downward trend in... [Full story]
The consumer price index (CPI) in Bulgaria in June 2011 compared to May 2011 was 99.1%, meaning the monthly inflation was -0.9%.
The data was reported Tuesday by the National Statistical Institute (NSI).
The annual average inflation, measured by... [Full story]
Gehrlicher Solar AG, a German company, has completed its first Bulgarian photovoltaic project, a 1.2 MW project located west of Sofia.
The photovoltaic plant in Kosharevo near Breznik is expected to generate around 1.4 million kW/h of energy... [Full story]
Bulgarian capital Sofia's real estate market seems to have recovered from the crisis, as it has grown four times more active than in its worst period, according to an analysis prepared by the Bulgarian Address Real Estate company.
Prices are stable in... [Full story]
The number of Bulgarian and foreign tourists, who have visited Bulgaria's second largest city of Plovdiv, has increased significantly.
The data comes from the Tourist Informational Center in downtown Plovdiv, cited by the local daily "Maritsa."
In... [Full story]
Bulgaria's Finance Minister, Simeon Djankov, forecasts a 6% economic growth for the last quarter of the 2011.
In a Monday interview for the Bulgarian daily "Trud" (Labor), Djankov says Bulgaria has entered the crisis half a year later than most... [Full story]
Bulgarian and Turkish companies aim at reaching annual bilateral trade worth USD 10 B, stated the head of the Turkish-Bulgarian Business Council Yalcin Egemen at a business forum organized during the visit of Turkish President Abdullah Gul to... [Full story]
The border Strandzha Mountain should become a joint Bulgarian-Turkish project for non-material cultural heritage that should seek UNESCO status, Bulgarian President Georgi Parvanov has proposed upon welcoming his Turkish counterpart Abdullah... [Full story]
The Plovdiv Appellate Court has overturned the ruling of the Plovdiv Regional Court to annul the two increases of the capital of the International Plovdiv Fair company and to return the majority stake in the Fair to the State.
The latest development... [Full story]
The section of the Hemus Highway connecting it to the Sofia beltway will be built by a Bulgarian-Croatian consortium called Hemus A2.
The 8.5 km section of Hemus, the highway linking Sofia and Varna through Northern Bulgaria, is seen as crucial for... [Full story]
Bulgaria will hold auctions for a total of six shale gas exploration blocks, said Kristalina Stoykova from the Geological Institute at the Bulgarian Academy of Sciences (BAS).
Stoykova heads a scientific group in charge of shale gas research in... [Full story]
Bulgaria's Cabinet is going to invest BGN 30 M in the reconstruction of the military airport near the Black Sea resort of Balchik in order to transform it into a civilian airport.
According to the transcript of the Bulgarian government's meeting on... [Full story]
Several of the so called "high-speed roads" will be added to the list of highways under construction as priority infrastructure projects of the Bulgarian government, according to Road Infrastructure Agency.
The Board Chair of the Road Agency Sergey... [Full story]
The concessionaire of the Bulgarian Black Sea airports Varna and Burgas Fraport Twin Star Airport Management plans to invest BGN 170 M in their modernization in the next 3 years, company CEO Dirk Schusdziara has announced.
Schusdziara has confirmed... [Full story]
A Bulgarian exterior designer, Deyan Denkov, is the author of the design concept of Renault's latest concept car, the Renault Frendzy.
Denkov, a native of Yambol in Eastern Bulgaria, has been working for Renault since 2007, according to the Renault... [Full story]
The bids, which were submitted for a section of the future Struma Highway, connecting Sofia to the border with Greece, will be opened on Thursday, the road infrastructure agency announced.
A record number of bidders – 19 – applied with offers to build... [Full story]
Bulgaria's industrial production increased by 7.8% in May 2011 year-on-year, according to fresh data from the National Statistical Institute.
Bulgaria's extraction industry grew by 20.8% in May 2011 compared with May of last year, while the energy... [Full story]
Bulgaria's Parliament has approved at second reading the founding of a State Company "Strategic Infrastructure Projects", a mega-structure to be in charge of the construction of three largely neglected highway projects.
The new body created with... [Full story]
Sisecam, Invest, USD, 60, M, More, Glass, Plants,Turkish industrial giant Sisecam is going to invest USD 60 M more in its production facility for household glass in Bulgaria's Targovishte through its subsidiary, Trakiya Glass Bulgaria.
The new... [Full story]
Bulgaria is making definite steps to achieve a fourfold reduction in the amount of natural gas it is buying from Russia, according to an extensive publication by Russian paper Kommersant.
Looking at boosting its own gas production, but also at... [Full story]
No final decision has been taken for the privatization of the postal service state-owned company "Bulgarian Posts EAD", the transport minister has said amid vehement protests from employees, trade unions and opposition leaders.
"The company will be... [Full story]
Bulgaria's wine exports registered a 6.6% increase in the first quarter of 2011 year-on-year, according to the Bulgarian Executive Agency on Vine and Wine.
In the first three months of 2011, Bulgaria exported a total of 10.375 million liters of wine,... [Full story]
Five railway lines, all of them going through Sofia, have been declared to be of "national significance" by the Bulgarian government.
Three of the five railway lines in question are part of the so called Pan-European Transport Corridor No. 4 (from... [Full story]
Societe Generale Expressbank is the winner in this year's contest for Bulgaria's "Bank of the Year", the Bank of the Year Association has announced.
Bulgaria's 14th annual Bank of the Year awards – first started in 1992 – were revealed at a news... [Full story]
Bulgaria's Cabinet has voted to turn the defunct military airport near the Black Sea town of Balchik into an active civilian airport serving the nearby sea resorts.
The Borisov government decided Wednesday to transfer the ownership of the Balchik... [Full story]
Bulgarian National Bank Governor Ivan Iskrov has expressed confidence about the stability of Bulgaria's banking system and the prospects for Bulgaria's economy despite the sovereign debt crisis in Greece.
Speaking at a round table taking place on the... [Full story]
The newly-appointed CEO of the vastly-troubled Bulgarian State Railways BDZ Yordan Nedev has declared his intention to break even in 2012, not in 2014, as his predecessor intended.
Nedev, a financier who was appointed to replace Pencho Popov as CEO of... [Full story]
Bulgaria's Commission on Protection of Competition (CPC) has fined three companies which participated in the construction of desulphurization installations at the state-owned thermal power plant Maritsa East 2.
Consortium Idreco-Insigma, Zhejiang... [Full story]
The average incomes of Bulgarians will surpass those of Romanians in two years, Bulgaria's Finance Minister Simeon Djankov vowed on Tuesday.
Djankov announced his ambitious plan speaking before the private bTV channel. He pointed out the Bulgarian GDP... [Full story]
The number of fully Romanian-owned companies who set up their headquarters in Bulgaria has increased eightfold over the past 5 years, according to Bulgaria's National Revenue Agency.
Thus, over 272 Romanian firms submitted corporate tax declarations... [Full story]
The Bulgarian subsidiary of Swiss-based engineering manufacturer ABB Group has marked the employment of its 1000th employee in Bulgaria, the company announced in a statement.
ABB Bulgaria has managed to accomplish the doubling the number of its... [Full story]
Several months before the opening of the first IKEA store in Bulgaria expected in the fall of 2011, the Fourlis Group, IKEA's franchisee for Bulgaria through its subsidiary House Market, announced the opening of 130 part-time jobs.
IKEA's store in... [Full story]
Toshiba is going to perform a feasibility study for the construction of a coal-fired thermal power plant in Bulgaria that will feature carbon capture and storage facilities (CCS), the Japanese company has announced, apparently moving closer to a... [Full story]
A newly-discovered natural gas deposit near Lovech in Northern Bulgaria contains 10 billion cubic meters of gas, Bulgaria's Minister of Economy, Energy, and Tourism announced.
Traikov said that Bulgaria will soon be able to extract about 1 billion... [Full story]
Bulgarian trade unions have reacted harshly against recent indications on part of the government that it plans to privatize, fully or partially, Bulgarian Posts EAD, Bulgaria's state postal operator.
After on last week, the Economy Committee of the... [Full story]
The current driver for real estate values in Bulgaria, the income levels and domestic demand of the population, are set to result in a stable annual growth rate of 5-6% of real estate prices, Curtis M. Coward, CEO of the Arceland asset management fund... [Full story]
Only three companies have remained to bid for the privatization of Bulgaria's state-owned cigarette-making giant Bulgartabac Holding, and only one of them is a strategic investor – British American Tobacco.
In addition to BAT, only two companies... [Full story]
Some 800 Greek firms have been registered in Bulgaria in the first half of 2011, many of whom are said to have moved north because of the crisis in Greece.
About as many more can be expected to be set up in Bulgaria by the end of 2011, according to a... [Full story]
Bulgarian cities and towns will be visible through Google Street View as Google executives have already notified the Bulgarian authorities of their intention to launch the product for Bulgaria.
Bulgaria's Commission for Protection of Personal Data has... [Full story]
Bulgaria's National Electric Company NEK and Russia's Atomstroyexport, a subsidiary of Rosatom, have signed an annex extending by 3 months their contract for the construction of the Belene NPP, which should become the second Bulgarian nuclear power... [Full story]
Bulgaria is going to save about BGN 8 M by opting to hold the upcoming presidential and local elections together, according to Finance Minister Simeon Djankov.
Speaking in Parliament Friday, Djankov explained that BGN 26 M have been slated under the... [Full story]
The Bulgarian company "Adval" JSC and the German Ed. Züblin AG held the grand opening of the third largest tunnel in Germany, the "Blessberg" tunnel, on Thursday.
The ceremony was attended by the German Minister of Transport Dr. Peter Rahmsauer, the... [Full story]
Bulgarian-German company BCI OOD is going to invest over EUR 200 M in a photovoltaic park in the Kazanlak Municipality in Central Bulgaria.
The solar power park will be located in three villages in the municipality – Yasenovo, Cherganovo, and Golyamo... [Full story]
Bulgaria has witnessed a 1.2% monthly increase in the production of solid fuels to 2885 000 tons in March 2011, while the production of liquefied petroleum gas (LPG) has gone up by 66.7% to 10 000 tons in the same period.
According to data of the... [Full story]
The European Commission will allow a 2-year extension of the construction of the bridge across the Danube set to connect Bulgaria's Vidin and Romania's Calafat.
The so-called Danube Bridge 2, financed by EU's Instrument for Structural Policies for... [Full story]
Radisson Blu in Sofia will soon be featuring a renovated commercial zone, announced Colliers International, consultant of the project.
The hotel will offer a variety of prestigious tenants and entertainment opportunities.
The new commercial area... [Full story]
Bulgaria's Black Sea resorts expect an even higher number of Romanian tourists in summer 2011, according to hotel managers.
"Figures are already indicating that there will be a substantial growth in the number of Romanian tourists. It is another... [Full story]
The eventual exit of a member state from the euro zone is probably inevitable, billionaire investor George Soros has said, but declined to name the country.
"There was no arrangement for any country leaving the euro, which in the current circumstances... [Full story]
The Black Sea could turn in a worldwide attraction for underwater tourism if countries cash on the story that the Biblical Deluge happened in the area, according to Bulgarian archaeologist Petko Dimitrov.
According to Prof. Dimitrov, who is the... [Full story]
The Black Sea city of Burgas will feature Bulgaria's first "open-air mall" as the shopping mall project dating back to 2008-2009 will be unfrozen.
"The Strand" shopping mall in Burgas is designed as an open air mall with stores and restaurants... [Full story]
Bulgaria's Prime Minister, Boyko Borisov and Economy and Energy Minister, Traicho Traikov, are opening Saturday the first stage of the building of a new electric power substation on the Black Sea coast.
The "Helios" substation is being built at the... [Full story]
Bulgaria and China signed a memorandum on mutual cooperation in the sphere of Information Technologies Friday.
Broadband technologies, e-government, joint research projects and support for business development are among the areas covered by the... [Full story]
More and more Romanian citizens decide to register their businesses and pay their taxes in the Bulgarian Danube city of Ruse, according to the Balkan country's national revenue agency.
The government in Sofia has been boasting that Romanian companies... [Full story]
The privatization of the Bulgarian state-owned cigarette produce Bulgartabac will be successful thanks to the privatization criteria, according to Economy Minister Traicho Traikov.
Answering MPs' questions in Parliament Friday, Traikov defended the... [Full story]
Romanian and Bulgarian subsidiaries of Greek banks have been funding their parent companies in the local market, analysts at Nomura Research Institute have observed.
According to Joseph Cotterill from the Financial Times there are a lot of ironies... [Full story]
The Bulgarian government is no longer trying to make the future gas interconnection between Bulgaria and Turkey a section of the EU-sponsored gas transit pipeline Nabucco, Economy Minister Traikov announced.
The gas pipeline connecting the natural gas... [Full story]
The highly controversial project for the construction of the Burgas-Alexandroupolis oil pipeline has been delayed further as the Bulgarian Environment Ministry has returned the company’s environmental assessment report for the second time.
Bulgaria’s... [Full story]
Bulgaria expects a 10% growth in tourists, according to Deputy Economy Minister in charge of tourism Ivaylo Marinov.
In an interview for the morning broadcast of the Bulgarian National Television (BNT), he predicted a stronger summer season than last... [Full story]
Bulgaria's real estate market is ranked sixth in the world by the property price drop in the first quarter of 2011, according to a study of the global property services and research company Knight Frank.
To follow the price trend in Bulgaria, Knight... [Full story]
Bulgaria's Council of Ministers has approved a report on the implementation of the Action Plan for Reducing Administrative Burden by 20% by end-2012.
The set of measures was agreed upon in end-April 2010 and the report spans the period from its... [Full story]
Bulbrokers, a local financial and investment company, has been picked to broker Bulgaria's 33% stake sale in Austria's EVN AG unit, while Central Cooperative Bank - the same government's share in Prague-based CEZ AS unit.
This was announced on... [Full story]
Bulgarian telecoms operator Vivacom plans to invest BGN 600 M over the next three years to develop its fibre-optic internet network and improve its services, the company said.
Currently the company is the largest ISP in Bulgaria with over 350 thousand... [Full story]
Bulgaria’s Transport Ministry has extended the tender for the concession of Gorna Oryahovitsa Airport as no bidders have showed up within the original deadline.
The new deadline for submitting offers for the underdeveloped airport in the center of... [Full story]
The price of natural gas in Bulgaria should go up by slightly over 4%, announced Tuesday Angel Semerdzhiev, head of the State Commission for Energy and Water Regulation (DKEVR).
In a media statement, the head of the energy watchdog rejected the... [Full story]
Bulgaria's gas distribution company Overgas has signed a contract with Germany's Bosch for mutual cooperation in the sphere of household gasification.
The aim is to simplify procedures and alleviate costs for connecting new consumers to the gas... [Full story]
Bulgaria's Sofia International Airport serviced 310 866 passengers in May, 2011, which is 11% more than the same period of 2010.
The data was reported by the airport authority Tuesday.
Since May, 2011, the Spanish Air Europa, member of the... [Full story]
The minimum monthly wage in Bulgaria is to go up on September 1, according to a proposal of the Finance Ministry, extended to the trade unions.
The proposal was made Tuesday during a meeting of the income subcommittee at the so-called Three-Way... [Full story]
Some 500 hotel and restaurant owners, taxi drivers and salespeople rallied in Sunny Beach, Bulgaria's largest Black Sea resort, against regulations set by the company managing it.
The protesters demanded the immediate resignations of the management of... [Full story]
Bulgaria's Electricity System Operator (ESO) has carried out an emergency export of electricity to Greece at the request of its Greek counterpart HTSO because of a strike at Greece's Public Power Corporation DEI.
Thus, Bulgaria exported extra 2200 MWh... [Full story]
The subway tunnel with the largest cross section in Europe has been formally completed in the Bulgarian capital as part of the construction of the second line of the Sofia Metro.
The tunnel at Metro Station 8 of the Line II of the Sofia Metro has a... [Full story]
