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Invest Bulgaria News Directory

(1394 Stories Found)

PLOVDIV AIRPORT READY TO MEET 1ST LONDON PASSENGERS

PLOVDIV AIRPORT READY TO MEET 1ST LONDON PASSENGERS
Source: novinite.com - (01/11/2010)

Topics: Business      

The Plovdiv Regional Governor, Ivan Totev, will attend the ceremony for the official launch of regular flights between London and Bulgaria's second largest city of Plovdiv. The flights would be executed by the budget career Ryanair. The first passengers will land in Plovdiv at 11 am Tuesday at the Plovdiv airport brand new terminal. Totev says regular flights from and to Plovdiv are one of the main steps towards the Region's economic recovery. Upon taking office, the Governor vowed to...


LONELY PLANET: BULGARIA AMONG TOP 10 COUNTRIES TO VISIT IN 2011

LONELY PLANET: BULGARIA AMONG TOP 10 COUNTRIES TO VISIT IN 2011
Source: novinite.com - (01/11/2010)

Topics:       

The globally renowned travel guide Lonely Planet's has ranked Bulgaria fifth among the top 10 countries for 2011. The first four spots are taken by Albania, Brazil, Cape Verde and Panama, while Vanuatu, Italy, Tanzania, Syria and Japan are behind Bulgaria. "For those who looked, Bulgaria has always had its moments – in its biggest cities, on its snow-capped peaks and great-value ski fields, on its golden-sand beaches and in ancient Black Sea port towns. Yet, over the years, with...


SOFIA MUNICIPALITY MULLS OVER STIMULI FOR ELECTRIC CARS

SOFIA MUNICIPALITY MULLS OVER STIMULI FOR ELECTRIC CARS
Source: novinite.com - (31/10/2010)

Topics: Business      

Sofia Municipal Council is considering introducing a parking fee waiver for the so-called "blue zone" for owners of electric cars, the Deputy Chair of the Council, Martin Zaimov has announced. If implemented, the waiver will be valid only for the so-called "blue zone," which includes the areas near the busiest streets in Sofia. Free parking for electric cars in the busiest city areas is a common practice in Norway. It has also been introduced in London for a while, but the influx made the...


SKI POLICE TO GUARD BULGARIAN RESORT PAMPOROVO

SKI POLICE TO GUARD BULGARIAN RESORT PAMPOROVO
Source: novinite.com - (31/10/2010)

Topics:       

For the first time a ski police will ensure the good public policy at the slopes of the Bulgarian resort Pamporovo this winter, local media has reported. Regular police officers and teams of the tourist company "Pamporovo" will participate in the patrol, the new executive director of the holding, Mariyan Belyakov has stated, as cited by local media. The goal is to avoid parking problems and incidents with drunken skiers and brawlers, violating the public order. A total of 90 devices...


BULGARIAN PM LAUNCHES PLOVDIV ROAD JUNCTION WORKS

BULGARIAN PM LAUNCHES PLOVDIV ROAD JUNCTION WORKS
Source: novinite.com - (31/10/2010)

Topics: Business      

Just hours after launching repair works on the Sofia beltway, Bulgaria's Prime Minister, Boyko Borisov, opened construction of the "Skobeleva Mayka" junction near the second largest city of Plovdiv. Borisov said even in times of crisis and budget deficit, his cabinet is dedicated to make things that Bulgarians have been waiting for in the last 20 years happen. The PM pointed out the State has secured BGN 8 M in order to start the construction works of a junction of key importance since it...


BULGARIA'S CAPITAL BELTWAY READY IN 20 MONTHS

BULGARIA'S CAPITAL BELTWAY READY IN 20 MONTHS
Source: novinite.com - (31/10/2010)

Topics: Business      

Bulgaria's Prime Minister, Boyko Borisov, and Regional Minister, Rosen Plevneliev, launched Sunday repair works and reconstruction of the southern loop of the capital Sofia's beltway. "Today's event shows that many things can happen with or without Finance Minister, Simeon Djankov, while this particular one would never happen without me, not in the next 20-30 years. Lots of money has been circulating and made here from these body shops and gas stations. People, who knew the beltway will...


BULGARIA TO START STRUMA HIGHWAY TENDERS BY DECEMBER

BULGARIA TO START STRUMA HIGHWAY TENDERS BY DECEMBER
Source: novinite.com - (30/10/2010)

Topics: Infrastructure      Construction

Bulgaria will begin the tenders for two more lots of the southwestern highway Struma by December at the latest, according to Regional Development Minister Plevneliev. Plevneliev said the government is ready to launch the tenders for the lots from the existing section near Sofia to the town of Dupnitsa, and from the Kulata border crossing to Sandanski. One of the middle sections between Dupnitsa and Blagoevgrad, however, will be extremely hard to build because of the rough terrain, and the...


BULGARIA'S VIVACOM ACHIEVES 43% PROFIT GROWTH

BULGARIA'S VIVACOM ACHIEVES 43% PROFIT GROWTH
Source: novinite.com - (29/10/2010)

Topics: Business      

The Bulgarian telecommunications company Vivacom increased its profits by 43% in the first three quarters of 2010, year-on-year, according to the company's report. The consolidated profit has grown by 82% and reached BGN 106.7 M. The main reason for the Vivacom's improved profitability is the increased client base, leading to a greater financial income from mobile services, the Bulgarian company's representatives comment. Within the mobile services the Bulgarian telecommunications company...


BULGARIA SPENDS 11% MORE MONEY ON R&D 2009

BULGARIA SPENDS 11% MORE MONEY ON R&D 2009
Source: novinite.com - (29/10/2010)

Topics: Business      

A total of BGN 361.1 M have been spent on research and development in Bulgaria 2009, the National Statistical Institute (NSI) reports. This means a 10.8% increase in Bulgaria's R&D spending in comparison to 2008. R&D spending, calculated as a percentage of GDP, is one of the key criteria for the EU counties' progress on the Europe 2020 strategy. The long-term target is 3%. In Bulgaria, money spent for research and development is 0.53% of the GDP, as estimated for 2009. This solidifies...


RAILWAY TO CONNECT BULGARIA'S PERNIK, PLOVDIV TO SOFIA METRO

RAILWAY TO CONNECT BULGARIA'S PERNIK, PLOVDIV TO SOFIA METRO
Source: novinite.com - (29/10/2010)

Topics: Infrastructure      Construction

Bulgaria will have two new railroad stations to connect the cities of Pernik and Plovdiv with the Sofia subway, the CEO of the "Metropolitan" company, Stoyan Bratoev, announced Friday. Stoyanov reported the news on the heels of statements of the Mayor of Sofia, Yordanka Fandakova, who during the discussion titled "Sofia 2020" said that in addition to the three segments of the capital subway, work would be done in the next ten years on their expansion. One of the stations will be located...


CHINA INVESTORS EYE EXTINCT SOFIA STEEL MILL'S PLOT

CHINA INVESTORS EYE EXTINCT SOFIA STEEL MILL'S PLOT
Source: novinite.com - (29/10/2010)

Topics: Business      

A Chinese investor has voiced strong interest and preparedness to take over the insolvent and obsolete steel mill "Kremikovtzi" near the Bulgarian capital Sofia and turn it into a sprawling expo city similar to Shanghai. The news was reported Friday by the Bulgarian daily "Standard." The mill's labor unions have confirmed the information saying the Chinese have visited the location several times and would take part in the second auction of the bankrupt steel giant, once considered the...


BULGARIA, ISRAEL COULD TRADE WATER FOR GAS

BULGARIA, ISRAEL COULD TRADE WATER FOR GAS
Source: novinite.com - (29/10/2010)

Topics: Business      

Bulgarian and Israeli companies and government representatives looked for ways to intensify trade ties between the two countries at a Bulgarian-Israely Business Forum held Thursday. Among the opportunities discussed was exporting drinking and irrigation water from Bulgaria to Israel to allay the water shortage in the Middle East country. Another topic discussed was the massive exploration for natural gas Israel is conducting in the Mediterranean. If its promising prospects are fulfilled,...


BULGARIA INVESTS EUR 3-4 PER USER FOR ONLINE MARKETING

BULGARIA INVESTS EUR 3-4 PER USER FOR ONLINE MARKETING
Source: novinite.com - (28/10/2010)

Topics: Business      

Bulgaria has invested about EUR 3-4 per Internet user, the President of IAB Europe, Alain Heureux, said during his presentation at Webit Expo & Conference 2010. The forum is the biggest event for digital business and marketing in Central-Eastern Europe and is taking place October 27-29 in the National Palace of Culture in Sofia. Heureaux said that according to a survey by IAB Europe of 15 national markets, until January 2010, the number of Internet users from Central and Easter Europe was...


ERBD EXPECTS FASTER GROWTH FOR EASTERN EUROPE, BULGARIA

ERBD EXPECTS FASTER GROWTH FOR EASTERN EUROPE, BULGARIA
Source: novinite.com - (28/10/2010)

Topics: Business      

Most Eastern Europe economies will grow faster than previously expected in 2010 and 2011, benefiting by a stronger rebound in Western Europe and higher commodity prices, according to a new ERBD report. The more rapid growth means that after a hiatus in 2009, most countries in the region will once again close the gap in incomes per person with western Europe, although according to the report of the European Bank for Reconstruction and Development released Thursday, the "rate of convergence...


CHINA INVITES BULGARIA TO JOIN HIGH-SPEED ASIA-EUROPE RAIL WITH TURKEY

CHINA INVITES BULGARIA TO JOIN HIGH-SPEED ASIA-EUROPE RAIL WITH TURKEY
Source: novinite.com - (28/10/2010)

Topics: Business      

China has formally invited Bulgaria to join together with Turkey a project for a high-speed railway connection from the Far East to Europe. The invitation resulted from talks in Beijing between Bulgarian Transport Minister Alexander Tsvetkov and China's Minister of Transport Li Shenglin, Minister of Railways Liu Zhijun, and leading Chinese railway companies, the press service of the Bulgarian Transport Ministry announced. The Ministry said the Bulgarian government is going to take part in...


BULGARIAN FINANCE MINISTER VOWS 'STABILITY BUDGET' FOR 2011

BULGARIAN FINANCE MINISTER VOWS 'STABILITY BUDGET' FOR 2011
Source: novinite.com - (28/10/2010)

Topics: Financial      

Bulgaria's Minister of Finance Simeon Djankov presented the draft budget bill for 2011 in front of four parliamentary committees Thursday, calling it "a budget of stability." The draft was tabled to Parliament October 1 and Thursday it was reviewed by the Committees on Finance, Economic Policy, Social Policy and Healthcare. Djankov confirmed a 3.6% growth for 2011 and stated redistribution will be 35.5% of GDP. He said no salaries or pensions will suffer reductions. According to...


BULGARIA EXPECTS BOOST IN WINTER TOURISM 2010

BULGARIA EXPECTS BOOST IN WINTER TOURISM 2010
Source: noviniye.com - (28/10/2010)

Topics:       

Lodges in Bulgaria's ski resorts are already filling up for the upcoming winter season, giving hope that the sector will see the first signs of recovery after two bleak years. Hoteliers estimates show some 110.000 tourists are expected to visit Bulgaria's winter resorts, up by 20.000 compared to the same time last year. Entrepreneurs pin their hopes on the Russian, Serbian, Macedonian and Bulgarian tourists, who remain their main target group. Experts also hope that foreign tourists...


US, ARAB, CANADIAN COMPANIES TO INVEST EUR 1 B IN BULGARIA'S FORMULA ONE PROJECT

US, ARAB, CANADIAN COMPANIES TO INVEST EUR 1 B IN BULGARIA'S FORMULA ONE PROJECT
Source: novinite.com - (28/10/2010)

Topics: Business      

Companies from Abu Dhabi, the USA, and Canada are to come together to form a consortium for investing in Bulgaria's circuit for Formula One and adjacent venues, Novinite.com (Sofia News Agency) learned. In an exclusive interview for Novinite.com (Sofia News Agency), Bogdan Nikolov, Chairman of the Bulgarian Motorcycling Federation, revealed that the Abu Dhabi company EABG, which first expressed interest in investing in Bulgaria's F1 project in August 2010, will be forming a consortium of...


BULGARIA'S LUMBER INDUSTRY PICKS UP, FURNITURE LAGS BEHIND

BULGARIA'S LUMBER INDUSTRY PICKS UP, FURNITURE LAGS BEHIND
Source: novinite.com - (27/10/2010)

Topics: Business      

Bulgaria's lumber industry has started to overcome the effects of the economic crisis but the furniture manufacturing is still declining, according to participants in the "World of Furniture" expo in Sofia. Georgi Kostov, Deputy Agriculture Minister and head of the State Forestry Agency, said Bulgaria's state budget revenues from the lumber industry in the state-owned forest plots will amount to BGN 60 M in 2010. Bulgaria extracts about 4 million cubic meters of lumber per year, and most...


BULGARIA SEEKS TO LURE CHINA WITH PORT CONCESSIONS

BULGARIA SEEKS TO LURE CHINA WITH PORT CONCESSIONS
Source: novinite.com - (27/10/2010)

Topics: Business      

Bulgaria's Transport Minister Alexander Tsvetkov has been welcoming in Beijing by his Chinese counterpart Li Shenglin. The Bulgarian delegation led by Tsvetkov has presented to the People's Republic of China investment opportunities in the field of transport and infrastructure. Bulgaria and China are considering setting up a joint venture for sea port infrastructure as well as offering concessions of Bulgarian sea and river ports to Chinese companies. "China is a first-rate partner of...



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All News Pieces: 1385



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