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Invest Bulgaria News Directory

(1394 Stories Found)

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...


SOFIA CITY HALL BECOMES OWNER OF CAPITAL'S CENTRAL PARK

SOFIA CITY HALL BECOMES OWNER OF CAPITAL'S CENTRAL PARK
Source: novinite.com - (03/08/2011)

Topics: Infrastructure      

The lively Sofia Central Park, known as Borisova Gradina, named after Bulgaria's last king, Boris III, became Wednesday property of Sofia City Hall. The decision was made by the Council of Ministers during their regularly scheduled meeting. With the decision, the Sofia City Hall is to manage and maintain the entire territory of the park – 33 hectares, part of which until now was owned by the State. Last week the Sofia municipal council voted a proposal to begin managing 32.9 hectares of...


BULGARIA MOVES TO CREATE 3RD INTERNATIONAL BLACK SEA AIRPORT

BULGARIA MOVES TO CREATE 3RD INTERNATIONAL BLACK SEA AIRPORT
Source: novinite.com - (03/08/2011)

Topics: Investments      Construction

The Bulgarian Cabinet created Wednesday a limited state company for the management of Balchik Airport, following up on plans to transform the idling military facility into an international airport. The company, with capital of BGN 0.39 M, will be exclusively owned by the state, with the Minister of Transport (at present, Ivailo Moskovski) exercising the state's ownership. Balchik is located north of Varna, Bulgaria's largest Black Sea city and the site of the country's two seaside...


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...


BULGARIA ON ROCKY ROAD TO RECOVERY, GDP TO GROW 3% 2011

BULGARIA ON ROCKY ROAD TO RECOVERY, GDP TO GROW 3% 2011
Source: novinite.com - (02/08/2011)

Topics: Macroeconomic Data      

Driven by strong exports, as well as the good performance of the industry and services sectors, the Bulgarian economy has started to expand, but too weakly and unsteadily, a local think-tank has said. Bulgaria's gross domestic product will grow by up to 2.5-3% in 2011, the experts from the Center for Economic Development stated in their quarterly report. The economy expanded by 2% in the second quarter on an annual basis, down by 1.4% in comparison with the previous quarter, which marked...


BULGARIA LAUNCHES CONSTRUCTION OF MARITSA HIGHWAY

BULGARIA LAUNCHES CONSTRUCTION OF MARITSA HIGHWAY
Source: novinite.com - (02/08/2011)

Topics: Infrastructure      Construction

Bulgaria's Prime Minister, Boyko Borisov, and the Minister of Regional Policy and Public Works, Rosen Plevneliev, broke the ground of Lot 1 of Maritsa highway. The ceremony took place Tuesday near the southern town of Chirpan. The segment Orizovo-Dimitrovgrad is 31.4-km long and is part of the trans-European highway, connecting Central and Eastern Europe with the Middle East and Asia. It is scheduled to be completed in 25 months by the Italian contractor Cooperativa Muratori & Cementisti,...


RUSSIA CONFIRMS VTB BANK INTEREST IN BULGARIA'S BULGARTABAC, PLANS RESALE

RUSSIA CONFIRMS VTB BANK INTEREST IN BULGARIA'S BULGARTABAC, PLANS RESALE
Source: novinite.com - (02/08/2011)

Topics: Investments      

Russian authorities have confirmed that the country's second-biggest bank VTB plans the acquisition of a majority stake in Bulgaria's cigarette maker Bulgartabac, local media reported. The bank will most probably resell the holding after winning the tender, Nezavisimaya Gazeta newspaper hinted by saying that it is not clear exactly who the bank represents. Austria-registered BT Invest, behind which stands Russia's second-biggest bank VTB, remained the only bidder for the Bulgarian tobacco...


BULGARIA'S BUDGET DEFICIT DOWN H1 2011 Y/Y

BULGARIA'S BUDGET DEFICIT DOWN H1 2011 Y/Y
Source: novinite.com - (01/08/2011)

Topics: Financial      

The Bulgarian Finance Ministry has registered a budget deficit of BGN 650 M for the first half of 2011 or 0.9% of the expected GDP. In 2010, the budget deficit at the end of June, accumulated during the first six months of the year, has been BGN 1.5 B, or 2.2% from the Gross Domestic Product, GDP. The Ministry, which is in charge of the monthly budget bulletin, further reports a BGN 53 M deficit for June. The data is from the consolidated fiscal program, which includes the national...


UK COMPANY VOUCHES TO BUILD NEW SOFIA PRISON

UK COMPANY VOUCHES TO BUILD NEW SOFIA PRISON
Source: novinite.com - (01/08/2011)

Topics: Investments      Construction

The British company Farans Construction Ltd has sent a letter to the Bulgarian cabinet, stating it is willing to build a new prison in Sofia. The company, based in Ireland, cited by the Bulgarian daily 24 Chassa (24 Hours), informs it can build two prison complexes for 2 000 inmates in 30 months. The company has experience if the construction of prisons, public buildings and bridges. The Bulgarian Justice Ministry announced, as early as November 2009, it was looking for a land plot and...


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...


'FATHER' OF BULGARIA'S CURRENCY PEG BACKS FINMIN IN EURO DELAY

'FATHER' OF BULGARIA'S CURRENCY PEG BACKS FINMIN IN EURO DELAY
Source: novintie.com - (30/07/2011)

Topics: Financial      

Steve Hanke, the architect of Bulgaria's currency regime and one of the opponents of its Eurozone aspirations says the reason for the good state of the Bulgarian economy is the disciplining role of the currency board. Hanke spoke Saturday in an interview for the Bulgarian National Radio, BNR, agreeing with statements of the Bulgarian Deputy Prime Minister and Finance Minister, Simeon Djankov, that at this stage Bulgaria will refrain from applying for Eurozone membership. Djankov announced...


STATE OF ART SPORTS ARENA OPENS IN SOFIA

STATE OF ART SPORTS ARENA OPENS IN SOFIA
Source: novinite.com - (30/07/2011)

Topics: Sports      

Bulgaria's Prime Minister, Boyko Borisov, officially opened Saturday the brand-new Sofia sports facility "Armeets Arena. The Mayor of Sofia, Yordanka Fandakova, and the Minister of Sports and Youth, Svilen Neykov, also attended the ceremony. They all watched the first ever sports competition to be held in the hall – a friendly game between the men national volleyball teams of Bulgaria and Serbia. On Friday, the organizers of the opening ceremony took journalists on a 52-meter-high...


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 MPS DEBATE CONSTITUTION CHANGES OVER PROPOSED FISCAL PACT

BULGARIA MPS DEBATE CONSTITUTION CHANGES OVER PROPOSED FISCAL PACT
Source: novinite.com - (28/07/2011)

Topics: Financial      

The Bulgarian parliament will debate at first reading on Thursday constitutional amendments, proposed by Finance Minister Simeon Djankov, which will pave the way for the introduction of the so-called Financial Stability Pact. Upon submitting the draft constitutional amendments to parliament at the end of May, Minister Djankov said he hoped the Pact could be adopted by the fall of 2011. The three main pillars of Djankov's Financial Stability Pact to be solidified via constitutional...


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,...



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All News Pieces: 1385



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