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

GREEK COMPANY REGISTERS WORKERS IN BULGARIA TO CUT LABOR COSTS

GREEK COMPANY REGISTERS WORKERS IN BULGARIA TO CUT LABOR COSTS
Source: novinite.com - (26/06/2012)

Topics: Business      

A Greek company is offering its employees fictitious registration in Bulgaria to pay them lower salaries. Greek newspaper To Proto Thema argues in an article titled "Greeks (from Bulgaria) wanted to work in Larissa" (cited by the Bulgarian Telegraph Agency (BTA)) that the fraud scheme was used by a Larissa-based company operating in the sphere of supplies to the hospitality industry. According to a tip-off given by the trade union of workers in the spheres of tourism and supplies, the...


EUROSTAT: BULGARIA 2ND IN EU BY ELECTRICITY PRODUCTION

EUROSTAT: BULGARIA 2ND IN EU BY ELECTRICITY PRODUCTION
Source: novinite.com - (07/06/2012)

Topics: Business      Electronics

Bulgaria ranks second among the European Union Member States by the production of electric energy with a 7.5% increase. The number one spot is taken by Greece with 12.2%. Poland (3.1%), Slovakia (2.3%) and the Czech Republic (2%) also register an increase. Bulgaria's gross production of electricity in April 2012 is 3 560 GWh, while the net one is 3 231, according to data from the National Statistics Institute, NSI. Import of electricity in April is about 100 GWh, while export - 800...


BULGARIA'S INDUSTRIAL PRODUCTION ON THE RISE IN APRIL

BULGARIA'S INDUSTRIAL PRODUCTION ON THE RISE IN APRIL
Source: novinite.com - (07/06/2012)

Topics: Business      

Bulgaria's seasonally adjusted industrial production index increased by 1.5% in April 2012 as compared to the previous month, according to the country's National Statistical Institute. On a yearly basis, April's working day-adjusted industrial production index increased by just 0.3%, according to the institute's data. The most significant monthly increases were seen in the production of basic metals (by 56.0%) and electrical equipment (by 9.2%) The most significant monthly decrease was...


BULGARIAN BLACK SEA RESORT ALBENA SEES 6% MORE TOURISTS IN 2011

BULGARIAN BLACK SEA RESORT ALBENA SEES 6% MORE TOURISTS IN 2011
Source: novinite.com - (29/08/2011)

Topics: Business      Waste Management

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 increase in the tourist numbers because of the cheaper offers in June, Albena's deputy marketing head Yovka Strashilova told BTA. In her words, the greatest increase in terms of foreign tourist numbers by source country came from Germany with...


BULGARIA'S 2011 INCOME FROM FOREIGN TOURISTS TO REACH EUR 2.7 B

BULGARIA'S 2011 INCOME FROM FOREIGN TOURISTS TO REACH EUR 2.7 B
Source: novinite.com - (28/08/2011)

Topics: Business      Tourism

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 tourists who visited the country will be 14% greater. Earlier estimates put their total number at over 6 million. At the same time, the total income from Bulgarian tourists will reach BGN 1.5 B, or about EUR 770 M, the Board has estimated, as cited...


BULGARIA'S 2011 TOURIST SEASON SHAPES TO BE BEST IN DECADE

BULGARIA'S 2011 TOURIST SEASON SHAPES TO BE BEST IN DECADE
Source: novinite.com - (13/08/2011)

Topics: Business      Tourism

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 tourists will have visited the Bulgarian Black Sea by the end of the season in August 2011. This means a growth of the number of tourists by some 14% with respect to their numbers in 2010. Prof. Stoyan Marinov, member of the board of the...


BULGARIAN KING'S TOBACCO CRIES FOUL OVER STOLEN BRAND

BULGARIAN KING'S TOBACCO CRIES FOUL OVER STOLEN BRAND
Source: novinite.com - (11/08/2011)

Topics: Business      

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 damage their brand, which is protected not only in Bulgaria but in more than 100 countries worldwide, its representatives told Dnevnik daily. King's Tobacco has brought a lawsuit at Sofia City Court, which has ruled on August 8 in their...


BULGARIA ANTI-TRUST WATCHDOG TO PROBE PRINT MEDIA MARKET

BULGARIA ANTI-TRUST WATCHDOG TO PROBE PRINT MEDIA MARKET
Source: novinite.com - (11/08/2011)

Topics: Business      

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 over ownership of the WAZ assets in Bulgaria – the first ever monopolist on the local media market, dating back to the 90s - left a bitter taste in the mouth of the audience. The beginning of August saw the latest development on the market...


BULGARIANS PROMISED LOWER MOBILE PRICES END-YEAR

BULGARIANS PROMISED LOWER MOBILE PRICES END-YEAR
Source: novinite.com - (04/08/2011)

Topics: Business      Software and Information Technology

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 Regulation Commission (CRC), will undertake steps to resume cuts to mobile rates and bring them down to and below EU average, Veselin Bozhkov, the regulatory authority head, commented for the morning broadcast of bTV on Thursday. The cut in...


GOOGLE'S PHONE CALLING SERVICE LAUNCHES IN BULGARIA

GOOGLE'S PHONE CALLING SERVICE LAUNCHES IN BULGARIA
Source: novinite.com - (04/08/2011)

Topics: Business      Software and Information Technology

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 Canadian users, the company expanded this feature overnight to Bulgaria and internationally. With support for 38 languages, the international expansion of Google Voice's call-out functionality is expected to prove a resilient competitor to Skype...


BULGARIA AMONG TOP 10 DEVELOPING COUNTRIES FOR ADVENTURE TOURISM

BULGARIA AMONG TOP 10 DEVELOPING COUNTRIES FOR ADVENTURE TOURISM
Source: novinite.com - (04/08/2011)

Topics: Business      Tourism

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 the leaders in terms of adventure tourism potential, followed by Estonia, the Czech Republic, Bulgaria and Slovenia. Switzerland, Iceland and New Zealand have topped the list of developed countries. Canada, Germany and Sweden have been also...


BULGARIAN ENERGY MINISTER DEMANDS LUKOIL CARTEL PROBE

BULGARIAN ENERGY MINISTER DEMANDS LUKOIL CARTEL PROBE
Source: novinite.com - (03/08/2011)

Topics: Business      

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 interview for the Bulgarian, National Television, BNT, saying the probe stems from the case with the revoked license of the Lukoil Bulgaria company, which the Sofia City Administrative Court reinstated Monday. The Minister pointed out the...


FINANCE, INSURANCE, ENERGY RANKED MOST STABLE BULGARIAN BUSINESS SECTORS

FINANCE, INSURANCE, ENERGY RANKED MOST STABLE BULGARIAN BUSINESS SECTORS
Source: novinite.com - (02/08/2011)

Topics: Business      

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 Demography. The most stable businesses during the first year of the economic crisis were in the production and supply of electricity, gas, steam and air conditioning, while real estate companies were at the other end of the ranking. The NSI...


SOFIA'S OFFICE SPACE MARKET SEES OVERSUPPLY IN H1 2011

SOFIA'S OFFICE SPACE MARKET SEES OVERSUPPLY IN H1 2011
Source: novinite.com - (01/08/2011)

Topics: Business      Real Estate

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 meters in the first half of 2011, a growth of 5% year-on-year, with many new buildings completed in the outskirts of the city, reveals the report of Colliers International, a real estate consultancy. About 65% (898 000 square meters) of the office...


BULGARIAN PM BACKS LUKOIL LICENSE SUSPENSION, SAYS MINISTERS SHOULD SECURE FUEL

BULGARIAN PM BACKS LUKOIL LICENSE SUSPENSION, SAYS MINISTERS SHOULD SECURE FUEL
Source: novinite.com - (29/07/2011)

Topics: Business      

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 refinery is not vital given that it fails to observe the law", Borisov said in a phone interview for the morning broadcast of private TV channel bTV. Deputy Prime Minister and Finance Minister Simeon Djankov and Traicho Traikov, Minister of...


RUSSIA LIFTS BAN ON VEGETABLE IMPORTS FROM BULGARIA

RUSSIA LIFTS BAN ON VEGETABLE IMPORTS FROM BULGARIA
Source: novinite.com - (29/07/2011)

Topics: Business      Agriculture

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 laboratory, Rospotrebnadzor agency said on its website. Russia prohibited all fresh-vegetable imports from the 27- nation European Union on June 2 after the outbreak in May. It previously canceled the ban on vegetables from Belgium, Greece, Denmark,...


BULGARIA'S BUSINESS CLIMATE UP 0.7% IN JULY 2011

BULGARIA'S BUSINESS CLIMATE UP 0.7% IN JULY 2011
Source: novinite.com - (28/07/2011)

Topics: Business      

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 retail trade sectors, while in the service sector there is deterioration. The long-term average level of the indicator is by 9.9% higher. The composite indicator "business climate in industry" increases by 1.1 percentage points compared to...


TRIPS OF BULGARIANS ABROAD INCH UP 3.8% IN JUNE 2011

TRIPS OF BULGARIANS ABROAD INCH UP 3.8% IN JUNE 2011
Source: novinite.com - (27/07/2011)

Topics: Business      Tourism

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 - by 36.2%, Romania - by 26.1%, Ireland - by 22.1%, Former Yugoslav Republic of Macedonia (FYROM) - by 20.1%, Austria - by 19.5%, Israel - by 18.4%, Belgium - by 7.3%, United Kingdom - by 6.6%, Germany - by 6.4%, Slovenia - by 6.1%, Turkey - by...


BULGARIAN TOWN PLANS RECREATIONAL PARK IN LEDENIKA CAVE

BULGARIAN TOWN PLANS RECREATIONAL PARK IN LEDENIKA CAVE
Source: novinite.com - (27/07/2011)

Topics: Business      Tourism

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 tourist attractions in the region. The recreational park will consist of separate thematic units, with light and music themes within the different halls of the cave. Shows will include images projected in the cave lake, a volcano simulation,...


BULGARIA REGISTERS MILLIONAIRE BOOM FOR 2010

BULGARIA REGISTERS MILLIONAIRE BOOM FOR 2010
Source: novinite.com - (26/07/2011)

Topics: Business      

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 constitutes a 60-fold year-on-year increase, Bulgarian daily 24 Hours has revealed. 22 of the wealthiest Bulgarians have reported incomes exceeding BGN 10 M. Experts have attributed the millionaire boom to the fact that the economic downturn...



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