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Invest Bulgaria News Directory
Bulgarian Business News
(362 Bulgarian Business News Stories Found)

BULGARIAN TYCOON SELLS HEATING UTILITIES TO OFFSHORE COMPANIES

BULGARIAN TYCOON SELLS HEATING UTILITIES TO OFFSHORE COMPANIES
Source: novinite.com - (16/05/2011)

Topics: Business      

Bulgarian energy tycoon Hristo Kovachki has been allowed to sell two heating utilities to offshore companies registered in the Seychelles. Bulgaria's Competition Protection Commission approved Monday the sale of the two plants. The heating utility in the northern city of Pleven is sold to Cornworth Ltd, while the heating utility in the Black Sea city of Burgas – to Worthforth Ltd. According to the competition watchdog, the two deals will not affect the horizontal or vertical...


SHELL VP IN SOFIA: TRANSPORT'S ENERGY EFFICIENCY FUTURE LIES WITH 3 'S'-S

SHELL VP IN SOFIA: TRANSPORT'S ENERGY EFFICIENCY FUTURE LIES WITH 3 'S'-S
Source: novinite.com - (14/05/2011)

Topics: Business      

Smart consumption, smart machines, and smart infrastructure is the future of energy efficiency, according to Hans van der Loo, Vice President of Shell International and head of the company's EU Liaison Office. Van der Loo was in Bulgaria's capital Sofia on Friday delivering a keynote lecture entitled "The Future of Low-Carbon Transport" on the occasion of the 20th year since the founding of the Atlantic Club in Bulgaria and the 20th year since the entering of Shell on the Bulgarian...


BULGARIAN RAILROADS LAUNCH BUSINESS CLASS CARS

BULGARIAN RAILROADS LAUNCH BUSINESS CLASS CARS
Source: novinite.com - (14/05/2011)

Topics: Business      

The Bulgarian State Railroads, BDZ, are launching for the first time in the summer business class cars. The news was announced Saturday by Transportation Minister, Aleksander Tsvetkov, who said in an interview for Darik radio trains with such cars will start running on June 1, 2011. Fares for business class will be 20% to 30% higher than the regular ticket, but these cars will offer more comfort, wireless internet, tea, coffee and other beverages. The Minister further informed the EU...


BULGARIA SET FOR HIGHEST GROWTH OF RUSSIAN TOURISTS' NUMBER EVER

BULGARIA SET FOR HIGHEST GROWTH OF RUSSIAN TOURISTS' NUMBER EVER
Source: novinite.com - (13/05/2011)

Topics: Business      Tourism

Bulgaria expects an year-on-year growth of some 70% in the number of Russian tourists for the 2011 summer season, according to consular officials. A total of 10% more foreign tourists are expected in Bulgaria in 2011 as a whole, Deputy Economy Minister in charge of tourism Ivo Marinov forecast in Ruse Friday, as cited by BNR. In his words, most of the foreign tourists in Bulgaria will be from Russia, Germany, Central Europe, and other Balkan countries. Marinov stressed the fact that...


RYANIAR CARRIES OUT FIRST MILANO-PLOVDIV FLIGHT

RYANIAR CARRIES OUT FIRST MILANO-PLOVDIV FLIGHT
Source: novinite.com - (07/05/2011)

Topics: Business      

As Ryaniar's first flight from Milano to the Bulgarian city of Plovdiv arrived on Saturday, its 140 passengers were welcomed with bread and salt, according to an old Bulgarian tradition. The company will carry out regular twice-weekly flights from Milan Bergano to Plovdiv, from now on. Until now, Ryanair performed flights from Plovdiv Airport to Stansted Airport in London twice a week - on Tuesday and on Saturday. One-way fares start from GBP 32.99 including taxes. The flights provide...


BULGARIAN BUSINESS COMMITS TO UN SOCIAL RESPONSIBILITY PACT

BULGARIAN BUSINESS COMMITS TO UN SOCIAL RESPONSIBILITY PACT
Source: novinite.com - (06/05/2011)

Topics: Business      

Representatives of Bulgarian business made Friday social commitments to the UN, in the presence of the organization's Secretary General, Ban Ki-moon. The memorandum for cooperation was signed by Ban Ki-moon and the Chair of the Bulgarian network for the so-called UN Global Compact, Sasho Donchev. The UN Secretary General, who is on a historic official 2-day visit to Bulgaria pointed out the memorandum is a serious step forward in achieving global values of stable development and...


BULGARIAN STATE RAILWAYS' LOSS DECLINES IN 2011 Q1

BULGARIAN STATE RAILWAYS' LOSS DECLINES IN 2011 Q1
Source: novinite.com - (04/05/2011)

Topics: Business      

The losses generated by the Bulgarian State Railways BDZ in the first quarter of 2011 declined substantially, BDZ executives announced. The company, which is notorious for its passenger services and low efficiency, reminds that in 2010 it reduced its annual loss by BGN 17 M; i.e. it ended 2010 with a loss of BGN 47 M compared with a loss of BGN 64 M in 2009. The upward trend of reducing losses is said to be continuing in 2011 as in the first quarter the losses of BDZ declined by BGN 7 M...


BULGARIA'S AGRICULTURE SECTOR WITH IMPRESSIVE EXPORT GROWTH IN 2010

BULGARIA'S AGRICULTURE SECTOR WITH IMPRESSIVE EXPORT GROWTH IN 2010
Source: novinite.com - (30/04/2011)

Topics: Business      Agriculture

Bulgaria's agriculture sector appears to be taking off, according to data presented by the Agriculture Ministry and the National Statistical Institute. Agriculture is one of the few sectors of the Bulgarian economy with positive trade balance, according to the Bulgarian Ministry of Agriculture and Foods. In 2010, Bulgaria's agriculture trade balance was positive USD 944 M, up from a positive USD 385 M in 2009. The Agriculture Ministry boasts that what it describes as "proactive export...


BULGARIA PM SEEKS TO BOOST BUSINESS TIES WITH CROATIA

BULGARIA PM SEEKS TO BOOST BUSINESS TIES WITH CROATIA
Source: novinite.com - (27/04/2011)

Topics: Business      

Croatia's EU prospects and ways to boost economic and trade ties with Bulgaria will top the agenda of Prime Minister Boyko Borisov during his one-day official visit to Zagreb on Wednesday. The Bulgarian delegation includes Minister of Economy and Energy Traicho Traikov and Minister of Culture Vezhdi Rashidov. The visit comes at the invitation of Croatian Prime Minister Jadranka Kosor who herself visited Bulgaria in April last year. A cultural co-operation agreement until 2013 is to be...


BULGARIA LAUNCHES PRIVATIZATION OF STATE TOBACCO GIANT

BULGARIA LAUNCHES PRIVATIZATION OF STATE TOBACCO GIANT
Source: novinite.com - (26/04/2011)

Topics: Business      

Bulgaria's state cigarette producer Bulgartabac Holding, whose management has been harshly criticized in recent years, will be declared for privatization on Tuesday after years of procrastination. The long-delayed procedure will be given the go-ahead by the agency for privatization and post-privatization control. The sale of Bulgartabac Holding AD, Sopot-based Vazovski Mashinostroitelni Zavodi or VMZ, and the minority stakes in the electricity distributors have been said to be a must-do...


JTI, ??&G SAID TO EYE BULGARIA'S BULGARTABAC

JTI, ??&G SAID TO EYE BULGARIA'S BULGARTABAC
Source: novinite.com - (26/04/2011)

Topics: Business      

Korea's ??&G, Japan Tobacco International, Czech and British investment funds have declared interest in the privatization of Bulgaria's state cigarette producer Bulgartabac Holding, according to media reports. Korean KT&G had voiced interest in the privatization of Bulgartabac as early as during the term of the government of Simeon Saxe-Coburg. KT&G is the largest cigarette and tobacco company in Korea, whose share accounts for 80% of the local market. Over the last ten years the company...


US COMPANY PRESENTS NOVEL NUCLEAR REACTOR IN BULGARIA

US COMPANY PRESENTS NOVEL NUCLEAR REACTOR IN BULGARIA
Source: novinite.com - (26/04/2011)

Topics: Business      

US energy company Westinghouse presented Tuesday a new generation nuclear reactor in Sofia by invitation of Bulgarian Minister of Economy and Energy Traicho Traikov. The model of the 3+ generation reactor in question is AP 1000 and it takes into fullest possible account the issue of safety. Tuesday minister Traikov also met Westinghouse vice-president for Southern Europe Jose Gutierres, who presented his company's advances in the field of safety management systems for NPPs. Another...


BULGARIA'S MONBAT BATTERY PRODUCER SEES 22% REVENUE INCREASE Q1 2011

BULGARIA'S MONBAT BATTERY PRODUCER SEES 22% REVENUE INCREASE Q1 2011
Source: novinite.com - (23/04/2011)

Topics: Business      

The Bulgarian Monbat battery producer, as well as its daughter company, Monbat Recycling SRL, have registered a 22% increase in revenues in the first quarter of 2011. Monbat's sales revenue for the first 3 months of the year have reached BGN 55.8 M, the company has announced. Most of the company's production goes for export. Monbat is a company which manufactures lead-acid batteries for various applications. Its product range includes starter batteries, stationary batteries, leisure,...


KOZLODUY NPP TIPTOES AROUND BULGARIA-RUSSIA BELENE PROJECT TALKS

KOZLODUY NPP TIPTOES AROUND BULGARIA-RUSSIA BELENE PROJECT TALKS
Source: novinite.com - (22/04/2011)

Topics: Business      

The management of Bulgaria's only operational Kozloduy NPP has denied being involved in any way in the ongoing Bulgarian-Russian talks for the construction a second nuclear plant in Belene. What is more, senior Bulgarian officials made it clear Friday that Bulgaria must be very careful in the talks with Russia on the Belene project because if Bulgaria backs out of it, then Russia can block the extension of the life of Kozloduy's two operational reactors. On Thursday, the Vice President of...


CONSTRUCTION OF BULGARIA'S NATIONAL SPORTS ARENA COMPLETED

CONSTRUCTION OF BULGARIA'S NATIONAL SPORTS ARENA COMPLETED
Source: novinite.com - (22/04/2011)

Topics: Business      

The crude construction of Bulgaria's first National Sports Arena has been completed ahead of schedule by the state company Glavbolgarstroy. The construction of the 12 410-seat arena, which will be opened on June 24, 2011, has cost BGN 108 M, or BGN 22 M less than the initially announced price. The annual operation costs of the sports facility will be about BGN 2.5 M, according to a report of Mediapool, which points out that the project has been a controversial one because of the special...


MAJOR GLOBAL FIRMS DECLARE INTEREST IN SOFIA AIRPORT CONCESSION

MAJOR GLOBAL FIRMS DECLARE INTEREST IN SOFIA AIRPORT CONCESSION
Source: novinite.com - (22/04/2011)

Topics: Business      

Major international transport companies have declared interest in the concessions of Sofia International Airport announced by the Bulgarian government on April 6, the Transport Ministry said. The largest Bulgarian airport will most likely be in private hands at the beginning of 2012, according to the Transport Ministry, as cited by the bTV channel. The Ministry is set to work out the conditions for the concession tender within the next 3-4 months, and the tender itself will be announced...


BULGARIA TO TURN EU'S POOREST REGION INTO 'TAX PARADISE'

BULGARIA TO TURN EU'S POOREST REGION INTO 'TAX PARADISE'
Source: novinite.com - (21/04/2011)

Topics: Business      

Bulgaria's Cabinet intends to take measures to encourage foreign direct investment in the northwestern part of the country, the Severozapaden region, which is the poorest EU region. Finance Minister Simoen Djankov will propose that the state lower the criteria for receiving a "Class A" investor status for companies in investing in Northwestern Bulgaria, MP from ruling party GERB Nikolay Kotsev announced on TV7. Class A investor status is awarded by the Bulgarian state to large-scale...


NICKELODEON EXPANDS IN BULGARIA

NICKELODEON EXPANDS IN BULGARIA
Source: novinite.com - (20/04/2011)

Topics: Business      

Nickelodeon will launch a localised block in Bulgaria next Monday, Broadband TV news reported. It will be carried for four hours daily – two hours of preschool animation in the morning and two hours of animation and live action in the afternoon – on TV7's cable, satellite and FTA terrestrial analogue platforms including TV7 and Super 7. It will also be available as part of the TV7 IPTV service. The deal, which was brokered on behalf of Viacom International Media Networks (VIMN) by...


BULGARIAN COMPANY SELECTED IN INFODEV'S TOP 50

BULGARIAN COMPANY SELECTED IN INFODEV'S TOP 50
Source: novinite.com - (19/04/2011)

Topics: Business      Software and Information Technology

The Bulgarian company "Kabinata" ("The Cabin") owner of the Kabinata.com website, has been selected as one of infoDev's top 50 innovative, technology-led small to medium enterprises. The educational website has developed its own technology called the "Virtual Classroom". It facilitates teaching, sharing audio – and visual information and presentations. "Thanks to this technology, we succeeded in training 17 000 Bulgarian teachers, or 12% of all teachers in Bulgaria, in 5 months in 2010,"...


SOPHARMA OWNER, PARTNER WIN BATTLE FOR WAZ ASSSETS IN BULGARIA

SOPHARMA OWNER, PARTNER WIN BATTLE FOR WAZ ASSSETS IN BULGARIA
Source: novinite.com - (18/04/2011)

Topics: Business      

Bulgaria's competition watchdog said it has given the green light to the acquisition of WAZ Mediengruppe assets in Bulgaria by Ognyan Donev and Lyubomir Pavlov, who were recently accused of an attempted corporate mini-coup. The ruling cements the decision of Bulgaria's Business Registry Agency to register 83% of the wide-circulation dailies "Trud" (Labor) and 24 Chasa (24 Hours) as property of Ognyan Donev, chairman and majority owner of Sopharma, the biggest Bulgarian generic drugmaker, and...



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All News Pieces: 1385



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