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

BULGARIAN MATTRESS MAKER TED-BED CONQUERS EUROPE, SETS EYES ON ASIA

BULGARIAN MATTRESS MAKER TED-BED CONQUERS EUROPE, SETS EYES ON ASIA
Source: novinite.com - (18/04/2011)

Topics: Business      

Bulgaria's largest mattress producer TED-BED Jsc has registered impressive results on the European markets, and has directed its attention towards new export destinations such as South Korea and Taiwan. In the first quarter of 2011, TED-BED registered a 150%-growth of export sales compared with the same period of 2010, while its production capacity has tripled. "These results show that we are solidifying our positions, and are headed in the right direction. Our greatest challenge is to...


RYANAIR EAGER TO FLY FROM SPAIN TO BULGARIA'S PLOVDIV

RYANAIR EAGER TO FLY FROM SPAIN TO BULGARIA'S PLOVDIV
Source: novinite.com - (18/04/2011)

Topics: Business      Tourism

Irish low-cost company Ryanair plans to open flights from Spain to Plovdiv in Bulgaria in the autumn of this year at the latest. "Even though the company recently dropped plans for a line from the Bulgarian city of Plovdiv to Barcelona, Spain, a service between the two countries will be launched as early as this year," Doychin Anguelov, executive director of Plovdiv Airport, told business news provider Investor.bg. "Tickets for the flights were on sale since December 2010 and demand was...


BULGARIAN PHARMACEUTICAL GIANT SOPHARMA TO EXPAND ACROSS EASTERN EUROPE

BULGARIAN PHARMACEUTICAL GIANT SOPHARMA TO EXPAND ACROSS EASTERN EUROPE
Source: novinite.com - (18/04/2011)

Topics: Business      

Bulgaria's largest pharmaceutical producer Sopharma, which registered record profit in 2010, plans to boost its presence in key Eastern European markets. Sopharma owner and CEO Ognyan Donev has made clear his expectations that Sopharma will expand its business operations in the Baltic states, Poland, Belarus, Ukraine, Serbia, and Turkey, and will be watching closely the market situation in Greece. "My dream is to see Sopharma develop as successfully as it has in the past two years," Donev...


LEBANON'S HARIRI FAMILY TO TAKE OVER BULGARIAN TELCO VIVACOM

LEBANON'S HARIRI FAMILY TO TAKE OVER BULGARIAN TELCO VIVACOM
Source: novinite.com - (16/04/2011)

Topics: Business      

The Lebanese company Oger Telecom will take over Bulgarian Vivacom within a month, according to unconfirmed reports. Oger is owned by elite Lebanese family Hariri, which has included two PMs of Lebanon, Rafik and Saad, the first of whom founded the company. Oger is directed by his older brother Mohammed Hariri, who has embarked on a project for expansion in Europe. On Saturday, the Trud paper reported that Oger Telecom is expected to buy 25% of Vivacom, in addition to taking over its...


BULGARIA'S CONSTRUCTION SECTOR TO RETURN TO GROWTH, 2.9% IN 2011

BULGARIA'S CONSTRUCTION SECTOR TO RETURN TO GROWTH, 2.9% IN 2011
Source: novinite.com - (15/04/2011)

Topics: Business      Construction

After a substantial contraction for two years, Bulgaria's construction sector will start growing again in 2011, according to the "Bulgaria Infrastructure Report Q2 2011" Report by Research and Markets. "We anticipate a moderate construction market recovery in Bulgaria over the period 2011-2015, after two years of contraction generated by the global economic downturn. The private sector should drive this recovery in the country's construction market, amid a wider economic upturn and fiscal...


DILMA ROUSSEFF'S GABROVO BULGARIA'S BEST CITY FOR DOING BUSINESS

DILMA ROUSSEFF'S GABROVO BULGARIA'S BEST CITY FOR DOING BUSINESS
Source: novinite.com - (14/04/2011)

Topics: Business      

Gabrovo, located in the north-central part of the country, is Bulgaria's best city for doing business, showed a ranking compiled by the Sofia-based Institute for Market Economics (IME). Ruse on the Danube and Sliven in the south are the other two cities that make it into the top three. The three least business-friendly cities are Vidin and Silistra, two other Danube cities, and southernmost Kardzhali. The "Local Business Conditions 2011" survey is published for a second year and aims to...


BULGARIA'S SOLARPRO TO REACH OUT TO CHINESE MARKET

BULGARIA'S SOLARPRO TO REACH OUT TO CHINESE MARKET
Source: novinite.com - (13/04/2011)

Topics: Business      Renewable Energy

The Bulgarian Solarpro company has received a EUR 1 M order from the Hungarian Green Solar Equipment Manufacturing for the delivery of laser equipment used for the production of thinfilm photovoltaic panels, which will be sold on the Chinese market. The order includes 3 devices for laser scribing. Laser scribing is a part of the technological process for the production of photovoltaic panels. It has been used since the 80's, for reducing the cost and price of solar cells. "The fact that...


PROPERTIES RESIDENTIAL PROPERTY PRICES IN SOFIA DOWN BY 10% Q1

PROPERTIES RESIDENTIAL PROPERTY PRICES IN SOFIA DOWN BY 10% Q1
Source: novinite.com - (13/04/2011)

Topics: Business      Real Estate

The residential property deals in the Bulgarian capital Sofia have witnessed price falls of 10% in the first quarter of this year in line with the general steep contraction of the market over the last two years, data of a realtor shows. Price levels of residential property in Sofia stood on average at about ERU 830 per square meter in the first quarter of 2011, down from EUR 930 in the last three months of the previous year, according to research from Sofia based real estate agency Bulgarian...


BULGARIA MOVES UP IN GLOBAL IT DEVELOPMENT RANKING

BULGARIA MOVES UP IN GLOBAL IT DEVELOPMENT RANKING
Source: novinite.com - (13/04/2011)

Topics: Business      Software and Information Technology

Bulgaria has moved three spots ahead in the global information technology report of the World Economic Forum, and is now ranked 68th out of 138 countries. In last year's Networked Readiness Index of the IT report Bulgaria was 71st out of 133 states. The Top 10 in the "Global Information Technology Report 2010-2011: Transformations 2.0" released Tuesday is made up of Sweden, Singapore, Finland, Switzerland, the USA, Taiwan, Denmark, Canada, Norway, and South Korea. Germany is 13th, the UK...


BULGARIA SEES MORE FOREIGN TOURISTS ALREADY, HIGH HOPES FOR SUMMER

BULGARIA SEES MORE FOREIGN TOURISTS ALREADY, HIGH HOPES FOR SUMMER
Source: novinite.com - (13/04/2011)

Topics: Business      Tourism

The number of foreign tourists who visited Bulgaria in the first two months of 2011 grew by 6%, year-on-year, a senior official announced at the opening of the Cultural Tourism Expo in Veliko Tarnovo. According to Ivo Marinov, Deputy Minister of Economy, who is in charge of tourism, in January-February, Bulgaria saw more tourists from Greece, Romania, Serbia, Turkey, Macedonia, the UK and Russia. The visas issued to Russian tourists in January were 50% more than in the same month of last...


BULGARIA'S NEW CAR MARKET STARTS TO CRAWL UP 2011 Q1

BULGARIA'S NEW CAR MARKET STARTS TO CRAWL UP 2011 Q1
Source: novinite.com - (12/04/2011)

Topics: Business      

The market of new cars in Bulgaria has registered a modest but nonetheless tangible year-on-year growth in the first quarter of 2011. A total of 4 638 new cars were sold in Bulgaria in January-March 2011 vs. 3 956 sales in the same period of 2010, a growth of 17%, according to data of the Association of Car Importers. In March, a total of 1 816 new cars were sold, compared to 1 358 in February and 1 464 in January. Bulgaria's all time record first quarter in terms of new car sales was...


LARGEST BULGARIAN DAILIES OFFICIALLY WITH NEW OWNERS

LARGEST BULGARIAN DAILIES OFFICIALLY WITH NEW OWNERS
Source: novinite.com - (10/04/2011)

Topics: Business      

Bulgaria's Business Registry Agency has registered 83% of the wide-circulation dailies "Trud" (Labor) and 24 Chasa (24 Hours) as property of Ognyan Donev and Lyubomir Pavlov. The remaining 17% are owned by the "BG Printmedia" company managed by Pavlov and Hristo Grozev, the Bulgarian National Television, BNT, informs. 53% of the company are still held by the Vienna-based "BG Privatinvest" GmbH, belonging to Grozev and Austrian Karl Habsburg. The other 47% are owned by the manager of...


BULGARIAN PHARMACEUTICAL GIANT SOPHARMA WITH RECORD PROFIT

BULGARIAN PHARMACEUTICAL GIANT SOPHARMA WITH RECORD PROFIT
Source: novinite.com - (03/04/2011)

Topics: Business      

Bulgaria's largest pharmaceutical company Sopharma has registered its highest profit in 11 years. In 2010, Sopharma AD had a profit of BGN 40.5 M, according to newly released company data. Sopharma's 2010 revenues amounted to BGN 238.5 M, which is a 12% increase year-on-year. 30% of Sopharma's sales in 2010 were on Bulgaria's domestic market but the major factor for its revenue growth was its export to foreign markets which grew 19% compared with 2009. Sopharma's 2010 gross...


JORDAN INVITES BULGARIA TO HELP IT REBUILD IRAQ

JORDAN INVITES BULGARIA TO HELP IT REBUILD IRAQ
Source: novnite.com - (28/03/2011)

Topics: Business      Construction

Jordan's Minister of Industry and Trade Hani El-Mulki has invited Bulgarian businesses to help the reconstruction of the Iraqi economy together with Jordanian companies. El-Mulki met with Bulgaria's Deputy Minister of Economy Evgeni Angelov during a visit of a Bulgarian delegation in Amman. Angelov invited Jordan's Minister of Industry and Trade to visit Bulgaria. According to him and El-Mulki, there are good conditions for expanded presence of Bulgarian engineering companies in Jordan's...


BULGARIA EXPORTED RECORD AMOUNT OF HONEY IN 2010

BULGARIA EXPORTED RECORD AMOUNT OF HONEY IN 2010
Source: novnite.com - (24/03/2011)

Topics: Business      Agriculture

Bulgaria exported a previously unrecorded amount of honey in 2010, according to Gancho Ganchev, head of the National Beekeepers' Union. Bulgaria producers exported between 7 200 and 7 700 tons of honey in 2010 out of a total of 12-13 000 produced last year, Ganchev said at the opening of the international expo "Bee-Mania" in the northeastern city of Dobrich. "There has never been such an export of honey before. The export increased by 1 500 tons, with the first honey of rapeseed being...


BULGARIAN CONSTRUCTION FIRMS INVITED TO JOIN ALGERIA'S IMPRESSIVE DEVT PROGRAM

BULGARIAN CONSTRUCTION FIRMS INVITED TO JOIN ALGERIA'S IMPRESSIVE DEVT PROGRAM
Source: novnite.com - (24/03/2011)

Topics: Business      Construction

Algeria's Ambassador to Bulgaria Ahmed Boutache has invited Bulgarian construction entrepreneurs to seek opportunities to participate in massive projects in his country. His Excellency met Thursday with the chair of the Confederation of Employers and Industrialists in Bulgaria (CEIBG) Ognyan Donev and CEIBG executive director Evgeniy Ivanov. Ambassador Boutache has invited CEIBG, one of the major business associations in Bulgaria, to participate in the Program for Reconstruction and...


BULGARIA'S ADVERTISING MARKET DWINDLES IN 2010, ONLINE ADS UP

BULGARIA'S ADVERTISING MARKET DWINDLES IN 2010, ONLINE ADS UP
Source: novinite.com - (23/03/2011)

Topics: Business      

Bulgaria's total advertising market amounted to BGN 329.18 M in 2010, which is a decline of 13.9% compared with 2009. Krassimir Guergov, chair of the Bulgarian Association of Advertising Agencies, announced at an advertising forum in Sofia, as cited by BTA, that the advertising prices saw a similar decline compared with their levels in 2009. "The preliminary results for 2010 show a decline that is twice as large as the original forecasts," Guergov pointed out. A year ago, the...


BULGARIAN EXPORT TO EU UP BY 25% IN 2010 Y/Y

BULGARIAN EXPORT TO EU UP BY 25% IN 2010 Y/Y
Source: novinite.com - (11/03/2011)

Topics: Business      

In 2010 the Bulgarian exports to the EU increased by 25% compared to the previous year and amounted to BGN 18.6 B, according to preliminary data by the Bulgarian National Statistics Institute (NSI). The main trade partners of Bulgaria were Germany, Italy, Romania and Greece that formed 61.6% of the total exports to the EU Member states. The exports to Romania increased by 42.7% and those to Italy by 38.2%. The most significant growths were observed in the exports to Estonia and Slovenia....


'BULGARIA BUILDING WEEK' TO FEATURE 310 INTERNATIONAL COMPANIES

'BULGARIA BUILDING WEEK' TO FEATURE 310 INTERNATIONAL COMPANIES
Source: novinite.com - (08/03/2011)

Topics: Business      Construction

More than 310 international companies will present new and original solutions in the sphere of modern construction during the 11th edition of "Bulgaria Building Week". The event will be open Tuesday at the Inter Expo Center in Sofia and will continue until March 12. The exhibitions will feature not only Bulgarian, but also companies from 30 countries, including Germany, Italy, Turkey, the UK, Greece, Belgium, China, the USA, Poland, Austria and Portugal. The event will also include the...


RUSSIA REITERATES WARNINGS FOR BULGARIA OVER BURGAS-ALEXANDROUPOLIS

RUSSIA REITERATES WARNINGS FOR BULGARIA OVER BURGAS-ALEXANDROUPOLIS
Source: novinite.com - (25/02/2011)

Topics: Business      Renewable Energy

Russia is reiterating talk of suing Bulgaria over foiling the project to build the Burgas-Alexandroupolis oil pipeline, according to Russian Energy Minister, Sergey Shmatko. The Russian news agency RIA Novosti is citing Shmatko saying Russia is still interested in the project over its economic feasibility, but is prepared to withdraw after receiving compensations. The statement comes about a week after Moscow warned it will scrap the pipeline and then recanted the announcement. "We...



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