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

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...


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...


BULGARIA RESTRUCTURES STATE RAILWAY CO INTO HOLDING

BULGARIA RESTRUCTURES STATE RAILWAY CO INTO HOLDING
Source: novinite.com - (27/10/2010)

Topics: Business      

Bulgarian state railways company BDZ will be restructured into a holding company, informed the Transport Ministry. According to a decision signed by Bulgarian Transport Minister Alexander Tsvetkov on October 22, 2010. the Bulgarian state railway company is going to "give birth" to a holding company, which is going to have two major divisions – one in charge of passengers, and another one in charge of freight transport. In the new situation, the parent company BDZ is still going to be...


FACEBOOK, YAHOO, EBAY BOSSES IN SOFIA FOR WEBIT EXPO & CONFERENCE

FACEBOOK, YAHOO, EBAY BOSSES IN SOFIA FOR WEBIT EXPO & CONFERENCE
Source: novinite.com - (27/10/2010)

Topics: Business      

For three days Webit Expo & Conference 2010 will make Bulgaria the hot spot for marketing, advertising and Internet. The biggest event for digital business and marketing in Central-Eastern Europe will take place October 27-29 in the National Palace of Culture in the Bulgarian capital. It is expected to have 5,000 visitors, exhibitors and 80 top speakers and lecturers from all over the world. Among the lecturers in this year's edition of the expo will be Vice President at Facebook, Blake...


BULGARIA TO POUR BGN 1.7 B IN INFRASTRUCTURE IN 2011

BULGARIA TO POUR BGN 1.7 B IN INFRASTRUCTURE IN 2011
Source: novinite.com - (26/10/2010)

Topics: Business      

Bulgaria's government is planning a total investment of about BGN 1.7 B in infrastructure construction in 2011. The figure was revealed by Regional Development Minister Rosen Plevneliev on Tuesday, the professional holiday of builders in Bulgaria. Plevneliev said the BGN 1.7 B in question will come from EU funds and the state budget. Of those, BGN 1.2 B will go into roads and highways, and the rest will be invested in municipal infrastructure projects. BGN 590 M are expected from the...


GREAT WALL JV TO PRODUCE FLORID, COOLBEAR, HOVER 5, WINGLE IN BULGARIA

GREAT WALL JV TO PRODUCE FLORID, COOLBEAR, HOVER 5, WINGLE IN BULGARIA
Source: novinite.com - (26/10/2010)

Topics: Business      

Florid and Coolbear sedans, the Hover 5 SUV and the Wingle pickup are the four different vehicle models, which Chinese car maker Great Wall Motor Co and Bulgarian company Litex Motors will produce in the town of Lovech, Northern Bulgaria, reports say. The companies are expected to roll off their first vehicles in February 2011. Great Wall Motor Company, one of China's biggest automotive manufacturers, signed a joint venture (JV) deal with Bulgarian diversified holding company Litex...


BULGARIA'S BANSKO NAMED WORLD'S BEST VALUE SKI RESORT

BULGARIA'S BANSKO NAMED WORLD'S BEST VALUE SKI RESORT
Source: novinite.com - (24/10/2010)

Topics: Business      Tourism

Bansko, Bulgaria's biggest ski resort, is the second-cheapest resort for British skiers in the world, according to new research by the Post Office. Poiana Brasov in Romania came top in a study comparing costs at 12 of the cheapest resorts. At GBP 259.53 for six skiing essentials, including a week's ski pass, ski hire, evening meals and drinks, Poiana Brasov was six per cent cheaper than Bansko in Bulgaria and up to 20 per cent cheaper than Slovenia's Kanin resort. The news comes just days...


BULGARIA-MADE CHINESE CARS HIT EU MARKET IN FEBR 2011

BULGARIA-MADE CHINESE CARS HIT EU MARKET IN FEBR 2011
Source: nonivite.com - (23/10/2010)

Topics: Business      Automotive

China's car maker Great Wall Motor Co and Bulgaria's Litex Motors will roll off their first vehicles in the plant in the town of Lovech, Northern Bulgaria, in February 2011. Great Wall Motor Company, one of China's biggest automotive manufacturers, signed a joint venture (JV) deal with Bulgarian diversified holding company Litex Commerce in the presence of Chinese Vice President Xi Jinping and Bulgarian Prime Minister Boyko Borisov on October 15 last year. The plant will have an annual...


DUBAI-BASED OGER TELECOM TAKES OVER BULGARIA'S VIVACOM - REPORT

DUBAI-BASED OGER TELECOM TAKES OVER BULGARIA'S VIVACOM - REPORT
Source: novinite.com - (22/10/2010)

Topics: Business      Software and Information Technology

Dubai-based Oger Telecom will take over the management of Bulgaria's top fixed-line operator Vivacom following negotiations that have dragged on for nearly half a year, according to reports. Oger Telecom representatives have confirmed for local Dnevnik daily that the company is a side in the lock-up agreement that the major lenders signed on the restructuring options for the debt-laden company with the mezzanine creditors, the most junior lenders in the capital structure. Under the...


HP TO EXPAND OUTSOURCING SERVICES IN BULGARIA BIG TIME

HP TO EXPAND OUTSOURCING SERVICES IN BULGARIA BIG TIME
Source: novinite.com - (22/10/2010)

Topics: Business      Software and Information Technology

Hewlett-Packard will expand its outsourcing services in Bulgaria, the Prime Minister Boyko Borisov and HP public administration director for central and eastern Europe, Sasha Bezouhanova, have announced. On Friday, the Bulgarian Council of Ministers signed a memorandum with HP for the development of the company's activities in the country. Borisov has stated that the result of the investments of the American information technology corporation in Bulgaria will be 2,000 new job positions...


BULGARIA TARGETS ROMANIAN TOURISTS AT BUCHAREST FAIR

BULGARIA TARGETS ROMANIAN TOURISTS AT BUCHAREST FAIR
Source: novinite.com - (20/10/2010)

Topics: Business      Tourism

Bulgaria's Economy Ministry is planning to present the country as a destination at the Romanian Tourism Fair 2010. The international tourist expo will take place in the Romanian capital Bucharest on October 21-24, 2010. It is usually attended by over 30 000 businesspeople from the tourism sector. Bulgaria will take part in the Romanian Tourism Fair with an information pavilion of 110 square meters. A total of 16 Bulgarian tour operators, travel agencies, tourism organizations and...


BULGARIA TO PROMOTE OWN TOURISM TO BULGARIANS

BULGARIA TO PROMOTE OWN TOURISM TO BULGARIANS
Source: novinite.com - (20/10/2010)

Topics: Business      Tourism

Bulgarian Economy Ministry is launching a new national tourism campaign in December, which aims to convince Bulgarians to spend their vacation in their native country. On Tuesday, the ministry announced that the campaign will be presented by TV channels, radios, print editions and popular websites. There will also be ads in the centers of the cities and on key roads. Deputy Economy Minister, Ivo Marinov, has explained that the campaign will be financed under the EU program "Regional...


BULGARIA'S VARNA, BURGAS AIRPORTS GET ANTI-TERRORISM INSURANCE

BULGARIA'S VARNA, BURGAS AIRPORTS GET ANTI-TERRORISM INSURANCE
Source: novinite.com - (20/10/2010)

Topics: Business      

The operator of the airports in the Bulgarian Black Sea cities of Varna and Burgas "Fraport Twin Star Airport Management" is looking for anti-terrorism insurance. Fraport will select the bidder with the lowest price offer. Varna airport has an insurance policy limit of EUR 51 000 and Burgas – of EUR 60 000. The combined limit for the stored fuel is EUR 927 000. The policy will have a one year term; will start on February 1, 2011, and its value is estimated at BNG 150 000. The airports...


UK JKX OIL & GAS SPUDS SHKORPILOVTCI WELL IN BULGARIA

UK JKX OIL & GAS SPUDS SHKORPILOVTCI WELL IN BULGARIA
Source: novinite.com - (19/10/2010)

Topics: Business      

Britain's JKX Oil & Gas said the Shkorpilovtci South West R-01 exploration well in east Bulgaria spudded successfully on October 17. The company noted that the well is targeting an amplitude supported channel sand complex of late Eocene age. Results from the well, which will drill to a proposed total depth of 900m, are expected in early November. Prospective resources for this feature are estimated at 20-30 Bcf (gross). Earlier this month the British company, operator of the...



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All News Pieces: 1385



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