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

BULGARIAN EXPERTS FOUND ASSOCIATION FOR GEOTECHNICAL AND TUNNEL CONSTRUCTION

BULGARIAN EXPERTS FOUND ASSOCIATION FOR GEOTECHNICAL AND TUNNEL CONSTRUCTION
Source: novinite.com - (01/12/2010)

Topics: Business      

Bulgarian specialists in the field of geotechnical and tunnel construction have established a specialized association in Sofia. The new Bulgarian Association for Geotechnical and Tunnel Construction (BAGTC) unites the top Bulgarian experts in the field. The leading participants in the founding of the new organization include Prof. Bozhidar Bozhinov, honorary chair, and a professor at the Sofia University of Mining and Geology, a major specialists on geotechnical facilities, and Prof....


BULGARIA TO LAUNCH FERRY TO GEORGIA

BULGARIA TO LAUNCH FERRY TO GEORGIA
Source: novinite.com - (30/11/2010)

Topics: Business      

Bulgaria will launch a direct ferry link with Georgia, Bulgarian Finance Minister Simeon Djankov announced. This is a step intended to improve the mutual economic relations between the two countries. Another priority is recovering the direct Sofia-Tbilisi flights. Minister, Djankov is on a two-day visit to the Caucasian country, underlined also the importance of the Nabucco gas pipeline. "Bulgaria has already ratified the documents necessary in order to launch the Nabucco project....


BULGARIA'S PM TO OPEN REHABILITATED DEADLY ROAD JUNCTION

BULGARIA'S PM TO OPEN REHABILITATED DEADLY ROAD JUNCTION
Source: movinite.com - (30/11/2010)

Topics: Business      

Bulgaria's PM Boyko Borisov will open Tuesday the rehabilitated road junction near the town of Byala in the Ruse region in northern Bulgaria. The works were made possible by the BGN 3.5 which were set aside when the State budget 2010 was updated. Bulgaria's Minister on Regional Development, Rosen Plevneliev, will also be [resent at the opening of the road junction. The rehabilitation resulted in four lanes, instead of the previous two, an overhaul of the existing pavement,...


BULGARIA EXTENDS BUSINESS REGISTRATION CAMPAIGN BY 6 MONTHS

BULGARIA EXTENDS BUSINESS REGISTRATION CAMPAIGN BY 6 MONTHS
Source: novinite.com - (26/11/2010)

Topics: Business      

Bulgaria's Parliament has adopted long-anticipated changes to the Commercial Register Act extending by 6 months the legal deadline for the campaign to register anew all firms in the country. Under the Commercial Register Act changes adopted in 2008, all active legal companies in Bulgaria are required to make new registration with the Registry Agency so that inactive and "ghost" firms can be eliminated from the entries. With Friday's amendments, the deadline is extended from December 31,...


BULGARIA'S NEWEST MALL 'VARNA TOWERS' OPENS DOORS

BULGARIA'S NEWEST MALL 'VARNA TOWERS' OPENS DOORS
Source: novinite.com - (25/11/2010)

Topics: Business      Software and Information Technology

The Varna Towers shopping mall and office center in the Bulgarian Black Sea city of Varna has opened doors. One of the greatest attractions of the complex is the only rotating restaurant in Southeast Europe named Magnito, located on the top of the Eastern Tower. At the same time, the top of the Western Tower features a helicopter landing ground, which is the first in Bulgaria to be located on the roof of a building. Varna Towers appears to be one of the largest malls in Varna with a...


BUSINESS MICROSOFT BULGARIA HEAD: ALL RESOURCES FREE FOR SMALL LOCAL ASSEMBLERS

BUSINESS MICROSOFT BULGARIA HEAD: ALL RESOURCES FREE FOR SMALL LOCAL ASSEMBLERS
Source: novinite.com - (25/11/2010)

Topics: Business      Software and Information Technology

Microsoft Bulgaria does not have any requirements that smaller local computer assemblers should meet in terms of configurations, says the company's country manager. "For the very big local assemblers Microsoft has guidelines and requirement about production quality, and helps them certify their products. For the smaller local assemblers, all resources are free, and there are no specific requirement," George Randelov, Country Manager at Microsoft Bulgaria, said in an interview for...


RUSSIA'S MECHEL ACQUIRES BULGARIAN HEATING UTILITY

RUSSIA'S MECHEL ACQUIRES BULGARIAN HEATING UTILITY
Source: novinite.com - (25/11/2010)

Topics: Business      

Russian mining and steel conglomerate Mechel OAO has acquired another 51% stake in the heating and power plant in the Danube town of Russe, northern Bulgaria, boosting its interest to 100%. The Moscow-based company said the move will strengthen its position in the power industry and create development opportunities. Mechel paid EUR 52 M to boost its stake in the plant to 100% from 49% previously, the seller, Slovenia's Holding Slovenske Elektrarne (HSE), said on its...


GERMAN RETAILER LIDL STORMS BULGARIA LOW-END MARKET

GERMAN RETAILER LIDL STORMS BULGARIA LOW-END MARKET
Source: novinite.com - (25/11/2010)

Topics: Business      Food and Beverage

German discount retailer Lidl opened its first stores in Bulgaria on Thursday morning, offering shockingly low prices, a move that will certainly heat up further the competition in the sector. The fourteen shops are located in eleven cities - Sofia, Plovdiv, Varna, Stara Zagora, Pazardzhik, Sliven, Kurdjali, Petrich, Montana, Lovech and Gabrovo. The investment totals EUR 100 M. The company plans to expand its operations in Bulgaria in the short term, bringing the total number of its...


HEWLETT-PACKARD PICKED BULGARIA FOR NEW CENTER THANKS TO 'HISTORY OF SUCCESS, GOVT'

HEWLETT-PACKARD PICKED BULGARIA FOR NEW CENTER THANKS TO 'HISTORY OF SUCCESS, GOVT'
Source: novinite.com - (24/11/2010)

Topics: Business      Software and Information Technology

US computer giant Hewlett-Packard picked Bulgaria for the construction of a new development and support center because of its history of success and the facilitating partnership of the government, says HP Director Public Sector for Central & Eastern Europe. "Bulgaria will remain a preferred European market for outsourcing and off-shoring services if the government sustains the competitive position of the country and the quality of the education system is good enough," Sasha Bezuhanova said...


11 BULGARIAN INTERNET, TV PROVIDERS UNITE IN NATIONAL TELECOM

11 BULGARIAN INTERNET, TV PROVIDERS UNITE IN NATIONAL TELECOM
Source: novinite.com - (23/11/2010)

Topics: Business      Software and Information Technology

At least 11 providers of Internet and cable television that operate on the territory of 40 Bulgaria cities and 110 towns and villages will merge into one company, called “Bulgarian Telecom and Television” (BTT). The companies that will be included in the new holding are Networks Bulgaria, Digital Communications, Escom, Icon, Telnet, CTV, Balchik Net, Optinet, Diana Cable TV, Powernet and BOL.bg. The new holding has announced that it would provide services to more than 150,000 users across...


WELCOME TO THE FUTURE: BULGARIA'S INDUSTRIAL ZONES - AND WHY CHINA IS INTERESTED IN THEM

WELCOME TO THE FUTURE: BULGARIA'S INDUSTRIAL ZONES - AND WHY CHINA IS INTERESTED IN THEM
Source: novinite.com - (22/11/2010)

Topics: Business      

In June 2010, the Bulgarian government broke the news that it formally invited Chinese authorities and companies to set up and manage a joint industrial zone in Bozhurishte, right outside of Sofia, a development that can well be seen as revolutionary. The first ever industrial factory in the Ottoman Empire, a state spanning some 18 million square km, was opened in 1833 in Sliven by the Bulgarian entrepreneur Dobri Zhelyazkov. Yet, in spite of that and other industrial sparks in Bulgaria,...


US COMPANY CONFIRMS SIZEABLE SHALE GAS DISCOVERY IN BULGARIA

US COMPANY CONFIRMS SIZEABLE SHALE GAS DISCOVERY IN BULGARIA
Source: novinite.com - (22/11/2010)

Topics: Business      

Some 300 B cubic meters of shale gas are lying untapped in central northern Bulgaria, Direct Petroleum manager for Bulgaria Kolyo Tonev has confirmed for Novinite.com (Sofia News Agency). The discovery was made in the fall by Direct Petroleum, a US company specializing in natural gas extraction with a Bulgarian branch. The deposit is in the so-called Etropole argillite formation and is estimated based on previous data and new sample drillings. According to Tonev, those older results were...


BULGARIAN-GERMAN CENTER TO TRAIN TOURISM SECTOR STAFF

BULGARIAN-GERMAN CENTER TO TRAIN TOURISM SECTOR STAFF
Source: novinite.com - (22/11/2010)

Topics: Business      Tourism

A Bulgarian-German center was officially opened Monday in the regional, southern city of Smolyan to be used for staff training, mainly for employees working in the tourism sector. The construction cost is BGN 2.5M. Experts will teach courses such as "Administration and Management," "Hotel, Restaurant Management and Catering," "IT Applications," "Food Technologies," and "Gardening." The facility includes a dormitory, hotel rooms, practice kitchen, seminar and lecture halls. There will...


TOWERCOM BULGARIA CONTRACTS THOMSON IN NEW DTT DEAL

TOWERCOM BULGARIA CONTRACTS THOMSON IN NEW DTT DEAL
Source: novinite.com - (17/11/2010)

Topics: Business      

Towercom Bulgaria, which has been licensed to roll out a digital terrestrial TV network across the country, has selected Thomson Broadcast as a strategic partner, the two companies announced. Thomson Broadcast is a brand of the French-headquartered electronics and media conglomerate Technicolor. Towercom Bulgaria has a 15-year DTT licence and is currently building two SFN networks for national operation. Thomson Broadcast is supplying Elite GreenPower medium and high power transmitters...


BULGARIA INTRODUCES FLAT 9% VAT IN TOURISM APRIL 2011

BULGARIA INTRODUCES FLAT 9% VAT IN TOURISM APRIL 2011
Source: novinite.com - (17/11/2010)

Topics: Business      Tourism

Bulgaria will introduce a flat 9% value-added tax (VAT) in the tourism sector as of the beginning of April next year under amendments that parliament adopted at second reading on Wednesday. The legal changes were tabled to parliament by the center-right government, but drew the ire of the right-wing Blue Coalition and the ethnic Turkish Movement for Rights and Freedoms, which proposed alternative texts only to see them turned down by the majority. The introduction of a flat VAT for the...


GERMAN RETAILER LIDL OPENS FIRST BULGARIAN OUTLETS NOV 25

GERMAN RETAILER LIDL OPENS FIRST BULGARIAN OUTLETS NOV 25
Source: novinite.com - (16/11/2010)

Topics: Business      Food and Beverage

German discount retailer Lidl announced it will open its first stores in Bulgaria on November 25 2010, a move that will heat up further the competition in the sector. The shops will be located in 11 cities - Sofia, Plovdiv, Varna, Stara Zagora, Pazardzhik, Sliven, Kurdjali, Petrich, Montana, Lovech and Gabrovo. At the beginning of the year German retailer Tengelmann decided to sell its discount retail chains in Romania and Bulgaria to its rival Lidl, which is part of Germany's Schwarz...


OUTSOURCING FORUM INDICATES BULGARIA CAN BE 'SILICON VALLEY' OF BLACK SEA REGION

OUTSOURCING FORUM INDICATES BULGARIA CAN BE 'SILICON VALLEY' OF BLACK SEA REGION
Source: novinite.com - (15/11/2010)

Topics: Business      

Bulgaria has the potential to become a sort of a "Silicon Valley" of the Black Sea, according to participants in a conference on outsourcing and off-shoring, organized by AmCham, the InvestBulgaria Agency, and Colliers International. More than 300 international and local delegates attended the first "Realizing the Potential - Bulgaria on the Outsourcing and Off-shoring Map" conference in Sofia, an initiative of the American Chamber of Commerce in Bulgaria (AmCham) and the governmental...


BULGARIA'S OUTSOURCING MARKET NUMBER 1 IN EUROPE

BULGARIA'S OUTSOURCING MARKET NUMBER 1 IN EUROPE
Source: novinite.com - (11/11/2010)

Topics: Business      

The outsourcing market in Bulgaria is currently estimated at EUR 100 M to EUR 150 M a year, but has the potential to go up over 10 times, according to Economy and Energy Minister, Traicho Traikov. Traikov spoke Thursday during a conference titled "Bulgaria on the World Outsourcing and Offshore Map," at the Sheraton hotel in downtown Sofia. The event was organized by the American Chamber of Commerce in Bulgaria, the Bulgarian Investment Agency and Colliers International, gathering over 300...


BULGARIA'S SOFIA TOPS REAL ESTATE PRICES DROP IN EUROPE

BULGARIA'S SOFIA TOPS REAL ESTATE PRICES DROP IN EUROPE
Source: novinite.com - (11/11/2010)

Topics: Business      Real Estate

Sofia is the capital with the biggest drop of real estate prices in Central and Eastern Europe for 2009, according to analysis of the consultant company ERA Europe. Compared to 2008, last year the real estate prices in Sofia dropped by 22%, putting the Bulgarian capital at the top of the list for the region. According to the analysis, compared to the whole Europe, Sofia ranks third, left behind only by Dublin and Lisbon, which registered a 26% and 24% drop of real estate prices in...


BULGARIA'S SOFIYSKA VODA SALE TO FRENCH VEOLIA WRAPPED UP

BULGARIA'S SOFIYSKA VODA SALE TO FRENCH VEOLIA WRAPPED UP
Source: novinite.com - (11/11/2010)

Topics: Business      

The deal for the sale of several European water supply and treatment businesses from United Utilities, including Bulgaria's Sofijska Voda, to France's Veolia Environnement, has been finalized. Veolia, the world's biggest listed water company, unveiled the deal, with an enterprise value of about EUR 199 M in June. United Utilities sale of non-regulated businesses included subsidiary United Utilities Australia and investments in the UK, the Philippines, Bulgaria and Poland. The French...



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