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Invest Bulgaria News Directory

(1394 Stories Found)

KNAUF LAUNCHES PLASTERBOARD PLANT IN BULGARIA

KNAUF LAUNCHES PLASTERBOARD PLANT IN BULGARIA
Source: novinite.com - (17/06/2010)

Topics: Business      Construction

Knauf, the German supplier of construction materials, announced it has put into operation what is claimed to be the most up-to-date plasterboard plant in Bulgaria, located near the power complex Maritza Iztok. The company launched the construction of the plant in 2007 after qualifying for certification as First Class Investor by InvestBulgaria Agency, the local investment promotion authority. The plant will use each year 300,000 tons of the by-product from the flue gas desulphurisation...


BULGARIA SUCCEEDS IN SIGNING UP CHINA FOR JOINT INDUSTRIAL ZONE

BULGARIA SUCCEEDS IN SIGNING UP CHINA FOR JOINT INDUSTRIAL ZONE
Source: novinite.com - (15/06/2010)

Topics: Business      Construction

Bulgaria has managed to generate interest with Chinese companies and authorities for the setting up of a joint large-scale industrial zone at Bozhurishte near its capital Sofia. The project, which was formally announced and approved by the Bulgarian government only last week, has been included in a special memorandum signed by Bulgarian and Chinese officials, the Economy Ministry has revealed. The Memorandum for Encouraging Bilateral Economic and Commercial Cooperation between the...


BULGARIA FORECASTS 10% GROWTH IN FOREIGN TOURISTS' NUMBER

BULGARIA FORECASTS 10% GROWTH IN FOREIGN TOURISTS' NUMBER
Source: novinite.com - (03/06/2010)

Topics: Economy      Tourism

The increase of the number of foreign holidaymakers during the summer season is expected to be about 10%, the Minister of Economy, Energy and Tourism, Traicho Traikov, told journalists Saturday. Traikov says this number is on the rise each year, adding the highest growth so far is expected in 2011. Russian tourists would contribute the most to the increase with 30% more compared to previous seasons. The positive trend is to include both mass and alternative forms of tourism – culture,...


EUROMAX STARTS DIAMOND DRILLING PROGRAM IN BULGARIA

EUROMAX STARTS DIAMOND DRILLING PROGRAM IN BULGARIA
Source: novinite.com - (27/05/2010)

Topics: Economy      

Canada-based mining company has started a diamond drilling program at its Breznik Gold Project in Bulgaria. The program which will total seven holes and approximately 1,000 metres is designed to test the continuation of the currently identified mineral resource. If successful, the drilling will double the strike length of mineralization at the EurOmax project in Breznik to the west of Sofia, the company announced adding that once the drilling is completed it intends to apply for a...


BULGARIA'S 1ST ELECTRIC LIGHT TRUCK UNVEILED IN SOFIA

BULGARIA'S 1ST ELECTRIC LIGHT TRUCK UNVEILED IN SOFIA
Source: novinite.com - (27/05/2010)

Topics: Business      Electronics

Bulgarian producer of electric and LPG forklifts Di-Ven Ltd has presented the first Bulgarian electric light truck. Di-Ven Ltd, which is stationed in the Danube town of Lom, and is one of the founding members of the Bulgarian Electric Vehicles Industrial Cluster (EVIC), has unveiled its electric truck project at the machine building fair “Mach Tech Expo 2010” taking place May 26-28, 2010, at the Inter Expo Center in Sofia. Electric transport car model ETK 021 from the PONY series is a...


CARLSBERG BECOMES NUMBER 2 ON BULGARIA'S BEER MARKET

CARLSBERG BECOMES NUMBER 2 ON BULGARIA'S BEER MARKET
Source: Novinite.com - (17/05/2010)

Topics: Economy      Food and Beverage

The company Carlsberg Bulgaria currently ranks second on the Bulgarian beer market, after Zagorka AD, and ahead of Kamenitza AD. The results were reported Monday by the company's CEO, Aleksander Grancharov. Carlsberg Bulgaria with two breweries, in the cities of Shumen and Blagevgrad, now has 30% of beer market in the country. The 3 companies together have a 91% share of the market. In the first quarter of 2010, the leading brand of Carlsberg Bulgaria – Shumensko had reached a 19%...


BULGARIAN PM WOOS EUROCRATS FOR INFRASTRUCTURE PROJECTS

BULGARIAN PM WOOS EUROCRATS FOR INFRASTRUCTURE PROJECTS
Source: novinite.com - (15/05/2010)

Topics: Infrastructure      

The second bridge over the Danube between Romania and Bulgaria, now constructed near Vidin, will make Bulgaria more attractive for Austrian and German investments, said DG Regional Development director Dirk Ahner. Sunday Ahner inspected the ongoing construction of Danube Bridge 2 together with Bulgarian PM Boyko Borisov, who had the chance to show to the European Commission representative other road projects in the region of northwestern Bulgaria. "Our ambition is to connect Vidin to the...


BULGARIA ECONOMY GROWS 2.5% IN Q1 Y/Y

BULGARIA ECONOMY GROWS 2.5% IN Q1 Y/Y
Source: novinite.com - (12/05/2010)

Topics: Business      

Driven by strong exports, the Bulgarian economy expanded by 2.5% in the first quarter on an annual basis, well above analysts' forecasts, flash data of the statistics office showed on Friday. The country's gross domestic product grew by 0.4% quarter-on-quarter, following a 0.5% expansion in the previous quarter, downwardly revised from 2.1%. The data, which marks the first considerable increase in economic growth since the country plunged into a recession, overshoots analysts' forecasts,...


FRENCH COMPANY SAINT-GOBAIN WEBER BUILDS 2ND FACTORY IN BULGARIA

FRENCH COMPANY SAINT-GOBAIN WEBER BUILDS 2ND FACTORY IN BULGARIA
Source: Novinite.com - (22/04/2010)

Topics: Investments      Construction

French company Saint-Gobain Weber started Wednesday the construction of its second factory in Bulgaria. The ground-breaking ceremony for the factory located near Izvorsko village, Aksakovo Municipality, close to Varna, was attended by Bulgaria’s Regional Development Minister Rosen Plevneliev. The second factory to be built by Saint-Gobain Weber in Bulgaria will also be producing dry construction mixes. Saint-Gobain Weber entered the Bulgarian market in 2001. In 2004, it opened its...


BULGARIA TO AVOID VAT HIKE

BULGARIA TO AVOID VAT HIKE
Source: tax-news.com - (26/03/2010)

Topics: Macroeconomic Data      

Determined to consolidate the country’s budget deficit, Bulgaria’s Finance Minister Simeon Djankov has announced plans to implement a 20% cut in public spending, rather than raising the 20% value-added tax (VAT) rate. Bowing to fierce opposition from trade unions and business leaders, Bulgaria’s government has finally confirmed its intention to cut public spending rather than to press ahead with controversial proposals to raise taxes. Djankov had also recently threatened his resignation if...


IN BULGARIA, HOUSEHOLD DEPOSIT RATES FALL FASTER THAN CONSUMER LOANS

IN BULGARIA, HOUSEHOLD DEPOSIT RATES FALL FASTER THAN CONSUMER LOANS
Source: Sofia Echo - (12/03/2010)

Topics: Economy      

The annual decrease in Bulgaria’s local-currency household deposits was nearly thrice that on consumer loans in July, according to the latest Bulgarian National Bank (BNB) data. Interest rates have been decreasing for about a year now but on loans they have been decreasing at a lower ate, with only minor changes recorded on monthly bases. Furthermore, July brought a reduction month-on-month on the interest rates on new lev-denominated and euro-denominated business loans. At the same time,...


BULGARIA RANKED 48TH GLOBALLY IN TOURISM COMPETITIVENESS

BULGARIA RANKED 48TH GLOBALLY IN TOURISM COMPETITIVENESS
Source: novinite.com - (07/03/2010)

Topics: Business      Tourism

Bulgaria is 48th in terms of travel and tourism competitiveness out of 139 countries, according to a report of the World Economic Forum. The WEF ranking evaluates the countries according to 14 different criteria – from infrastructure and safety to regulatory framework and human, cultural, and natural resources. Switzerland, Germany, France, Austria, and Sweden take up the top five spots. Tunisia and Israel are right in front of Bulgaria, while Turkey and Poland are right after...


MUSALA SOFT GRABS GOLDEN MARTENITSA FOR BEST BULGARIAN PRODUCER

MUSALA SOFT GRABS GOLDEN MARTENITSA FOR BEST BULGARIAN PRODUCER
Source: novinite.com - (02/03/2010)

Topics: Business      Software and Information Technology

The Musala Soft company won the annual "Golden Martenitsa" prize in the "Bulgarian producer" category for its contribution for the development of the country's IT sector. The high quality of Musala Soft's software services and its high-value-added export were the reasons why the organizers choose it for the prestigious prize. It was presented by Bulgaria's Minister of Economy, Energy and Tourism Traicho Traikov and Director of the National Palace of Culture Hristo Drumev to the company's...


INTERNATIONAL PERSONAL FINANCE EYES BULGARIA

INTERNATIONAL PERSONAL FINANCE EYES BULGARIA
Source: novinite.com - (02/03/2010)

Topics: Financial      

International Personal Finance Plc, a U.K. lender that makes unsecured loans to low-income households in central and eastern Europe and Mexico, may start operating in Bulgaria this year. "Ukraine and Bulgaria are our top priorities," Chief Executive Officer John Harnett said in a telephone interview for Bloomberg agency. "Our focus is on emerging markets and we are trying to find markets that are moving into the growth phase." International Personal Finance typically makes loans of 200...


JAPAN AMBASSADOR THUMBS UP FOR BULGARIA SUN POTENTIAL

JAPAN AMBASSADOR THUMBS UP FOR BULGARIA SUN POTENTIAL
Source: novinite.com - (02/03/2010)

Topics: Investments      Renewable Energy

Japan's Ambassador to Bulgaria will pay a visit to the town of Yambol on Wednesday to discuss the planned investment of a Japanese company in the construction of a solar power plant there. The meeting is at the initiative of His Excellency Makoto Ito, the municipality announced. The Japanese company Toshiba voiced last year plans to invest in construction of solar power plants in the USA and countries in Europe, including Bulgaria. Toshiba will begin implementing its investment plan...


GREECE'S TOBACCO PLANT OPEN DOORS IN BULGARIA'S SANDANSKI

GREECE'S TOBACCO PLANT OPEN DOORS IN BULGARIA'S SANDANSKI
Source: Greece's Tobacco Plant Open Doors in Bulgaria's Sandanski - (29/01/2010)

Topics: Economy      Agriculture

Bulgaria’s Economy Minister Ttaicho Traikov and Greece’s Deputy Prime Minister Theodoros Pangalos opened Saturday a new tobacco processing plant in the Bulgarian town of Sandanski. About EUR 9,5 M have been invested in the new plant of the Greek Leaf Tobacco company and it will provide jobs for 600 people. The new facility will be connected to the central production hall of the company in Policastro, Greece. The plant in Sandanski, which has a production capacity of 4 to 6 tons per...


TENANTS WANTED

TENANTS WANTED
Source: Stroitelstvo.info - (20/07/2009)

Topics: Real Estate      Real Estate

The Bulgarian office sector faces two major challenges at the same time - the increased supply and the decreased in the demand. Anyway for some investors there is a light in the tunnel - the weak H1 in office rents is expected to be followed by the market stabilization. According to a survey of the international consultancy Colliers International the volume of rented offices in Sofia of 40,000 sq. m in H1 was in fact 20% lower than the same period of 2008 and 30% below the levels of 2007. One...


BULGARIA OLDEST BREWERY SELLS MALT PRODUCTION TO FRENCH CO

BULGARIA OLDEST BREWERY SELLS MALT PRODUCTION TO FRENCH CO
Source: novinite.com - (00/00/0000)

Topics: Business      Food and Beverage

The French company Malteries Soufflet is acquiring the malt production of Bulgaria's oldest commercial brewery "Kamenitza." Kamenitza announced Monday they were selling their malt factory in the northern city of Pleven and renting long-term the facility in the southern city of Haskovo to the French business. The decision is motivated by "the goal of steady growth," and is based on a "strategic assessment of the operations of the Bulgarian company." The buyer, Malteries Soufflet is part...


JAPANESE DAIRY COMPANY MEIJI INTERESTED IN INVESTING IN BULGARIA’S PETRICH
Source: novinite.com - (00/00/0000)

Topics: FDI in Bulgaria      

Japanese dairy products maker Meiji has expressed interest in investing in Bulgaria’s southwestern region of Petrich, according to a media statement of the Petrich Municipality. Bulgaria’s Deputy Economy Minister Lyuben Petrov met with representatives of Meiji in Sofia in early March. Kazuo Kawamura, President of Meiji, will visit Petrich in the period April 7-9 to discuss concrete projects and investment proposals with representatives of the local authorities. Although the core...


BULGARIA AND THE WORLD WORSHIPS ROSE FESTIVAL IN KAZANLAK

BULGARIA AND THE WORLD WORSHIPS ROSE FESTIVAL IN KAZANLAK
Source: www.standartnews.com - (00/00/0000)

Topics:       Tourism

The Rose Festival in Bulgaria's Kazanlak had its peak point on Sunday. Again, it managed to attract tens of thousands of tourists from Bulgaria and all around the world. According to official information, the last official day the City of Roses and the Valley of the Thracian Kings has hosted 80 thousand visitors. The number for the last three days has reached more than 150 000. Japanese Shinohara-san could barely hide her admiration. "We are 20 people from Tokyo, we came from Ruse, went...



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All News Pieces: 1385



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