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Invest Bulgaria News Directory

(1394 Stories Found)

EUROPA CAPITAL BUYS BULGARIA'S MALL OF SOFIA

EUROPA CAPITAL BUYS BULGARIA'S MALL OF SOFIA
Source: novinite.com - (08/06/2011)

Topics: Business      Real Estate

London private equity fund manager Europa Capital has bought the Bulgarian capital's Mall of Sofia or more than EUR 100 M. The sale generates a gain of more than EUR 20 M to be shared equally by Avestus Capital Partners and Irish GE Real Estate, according to a source close to the Irish property company, cited by the Irish Times Mall of Sofia is a 23,600 sqm (254,000 sq ft) shopping center with 10,400 sqm (112,000 sq ft) of offices above, located in downtown Sofia. The property was...


BULGARIAN ECONOMY GROWS 3.4% IN Q1 Y/Y

BULGARIAN ECONOMY GROWS 3.4% IN Q1 Y/Y
Source: novinite.com - (08/06/2011)

Topics: Macroeconomic Data      

The Bulgarian economy expanded by 3,4% in the first quarter of the year on an annual basis, revised data of the statistics office showed on Wednesday, well above the flash data published a month ago. On quarterly basis, the emerging economy expanded 0.6% from January through March. According to flash data of the statistics office from the middle of May the Bulgarian economy expanded by 2.5% in the first quarter on an annual basis. The country's gross domestic product grew by 0.4%...


BULGARIA'S STRUMA HIGHWAY TO FEATURE BEAR BRIDGES, RABBIT FENCES

BULGARIA'S STRUMA HIGHWAY TO FEATURE BEAR BRIDGES, RABBIT FENCES
Source: novinite.com - (08/06/2011)

Topics: Infrastructure      Construction

The future Struma Highway connecting Sofia to the border with Greece will be the first one in Bulgaria to feature special facilities for wild animals such as bears and hares. Regional Development Minister Rosen Plevneliev told journalists Wednesday that Bulgaria will take after developed Western European countries such as the Netherlands in building highway facilities that protect wild animals. He spoke at the Road Agency where he opened the bids in the tender for the construction of Lot...


BORISOV, BOC TO OPEN FACTORY OF BULGARIAN FIRM MONBAT IN ROMANIA

BORISOV, BOC TO OPEN FACTORY OF BULGARIAN FIRM MONBAT IN ROMANIA
Source: novinite.com - (08/06/2011)

Topics: Business      Automotive

A EUR 13 M factory of Monbat Recycling, a subsidiary of Bulgarian company Monbat, in Romania will be inaugurated formally by the Prime Ministers of Bulgaria and Romania Boyko Borisov and Emil Boc on Thursday. Monbat Recycling SRL, whose plant is located outside of Bucharest, is an investment of Bulgarian car battery producer Monbat, part of the Bulgarian Prista Oil Group, one of the largest machine oil and battery producers in Eastern Europe. Monbat's factory in Romania has been operating...


BULGARIA'S INDUSTRIAL INDEX UP 1.5 % IN APRIL 2011 M/M

BULGARIA'S INDUSTRIAL INDEX UP 1.5 % IN APRIL 2011 M/M
Source: novinite.com - (07/06/2011)

Topics: Business      

The seasonally adjusted industrial production index increased by 1.5% in April 2011, compared to March 2011. The preliminary data was released Tuesday by the National Statistics Institute, NSI. In April 2011, the work day adjusted industrial production index rose by 9.4%, compared to the same month of 2010. In April 2011, compared to March 2011, the seasonally adjusted industrial production index in the mining and quarrying industry increased by 1.3%, in the manufacturing by 0.2% and...


BULGARIAN PM ANNOUNCES POLITICAL SEAL OF NABUCCO GAS LINE

BULGARIAN PM ANNOUNCES POLITICAL SEAL OF NABUCCO GAS LINE
Source: novinite.com - (07/06/2011)

Topics: Business      Construction

The political agreement for the European Nabucco gas pipeline project is going to be signed Wednesday in Turkey. The announcement was made Tuesday by Bulgarian Prime Minister, Boyko Boriosv, who said the move will put the project on the highest political level of the agenda. Borisov spoke at the opening of the conference titled "New Perspectives in the Trade and Economic Relations between the US and Bulgaria." It was further announced that Borisov and his Deputy and Finance Minister,...


THE US IS GOING TO BE ONCE AGAIN THE BIGGEST INVESTOR IN BULGARIA IN 2011

THE US IS GOING TO BE ONCE AGAIN THE BIGGEST INVESTOR IN BULGARIA IN 2011
Source: novinite.com - (07/06/2011)

Topics: Investments      

The US is going to be once again the biggest investor in Bulgaria in 2011 over continuous American trust in the country, according to US Ambassador in Sofia, James Warlick. Warlick spoke Tuesday at the conference titled "New Perspectives in the Trade and Economic Relations between the US and Bulgaria," saying Bulgaria must work on becoming an attractive investment location. According to the diplomat, small and large investors have directed their attention towards Bulgaria, but overall...


KYUSTENDIL VOTED TOP SPA DESTINATION IN BULGARIA

KYUSTENDIL VOTED TOP SPA DESTINATION IN BULGARIA
Source: novinite.com - (07/06/2011)

Topics: Business      Tourism

The western Bulgarian city of Kyustendil was voted "Most dynamically Developing SPA destination" at the second edition of the annual "Spa Nominations" ceremony. The event was held at the Kempinski-Zografski hotel in Sofia. In 2010, the town of Sandanski was declared "Best SPA destination" in the country, after Velingrad withdrew from the competition in a bid to stimulate other towns famous for their mineral springs. "This is good news that has not happened for 30 years in Kyustendil",...


BULGARIA'S NEW CAR MARKET SEES TANGIBLE RECOVERY IN 2011 H1, Q2

BULGARIA'S NEW CAR MARKET SEES TANGIBLE RECOVERY IN 2011 H1, Q2
Source: novinite.com - (07/06/2011)

Topics: Business      Automotive

Bulgaria's sales of new cars grew by 21.3% in the first half of 2011 year-on-year, according to data of the Association of Car Importers. A total of 10 954 new vehicles were sold in Bulgaria in January-June 2011, including 10 287 new cars (an increase of 19.6% year-on-year), and 667 buses and trucks (an increase of 69% compared with 2010 H1). The increase in the number of sold buses and trucks is also boosted by Scania's inclusion as a member of the Association as Scania's sales were not...


BULGARIAN COURT RULES 'NATIONALIZATION' OF PRIVATE RETIREMENT FUNDS ILLEGAL

BULGARIAN COURT RULES 'NATIONALIZATION' OF PRIVATE RETIREMENT FUNDS ILLEGAL
Source: novinite.com - (06/06/2011)

Topics: Economy      

Bulgaria's Constitutional Court declared the transfer of deposits in private retirement funds to the National Social Security Institute (NOI) anti-constitutional. The rule dates from May 31, and is published on the Court's official internet page. The revoked paragraph 4a from the Social Security Code stated that "funds from individual accounts existing by January 1, 2011, of females born between 01.01.1955 and 12.31.1959, and males born between 1.1.1952 and 12.31.1959, which until...


BULGARIA'S MEAT, MILK EXPORTS ON THE RISE

BULGARIA'S MEAT, MILK EXPORTS ON THE RISE
Source: novinite.com - (06/06/2011)

Topics: Business      Food and Beverage

Bulgaria's exports of protein-rich agricultural produce such as meat and milk is growing, according to Deputy Agriculture Minister Tsvetan Dimitrov. Speaking on Monday, Dimitrov reiterated Ministry data showing that 17% of the Bulgaria's exports in 2010 came from agricultural products, and that it grew by 20% in 2010 year-on-year. Bulgaria's foreign trade in agricultural products registered a positive balance of USD 1 B in 2010, he said in the northern town of Troyan at a conference on...


BULGARIA'S PLOVDIV, GREECE'S KAVALA MULL AIR CONNECTION

BULGARIA'S PLOVDIV, GREECE'S KAVALA MULL AIR CONNECTION
Source: novinite.com - (06/06/2011)

Topics: Business      Tourism

Greek investors are considering launching a direct air line between the Bulgarian city of Plovdiv and the Greek town of Kavala on the Aegean Sea coast. The idea for the Plovdiv-Kavala line has been discussed for several months and was confirmed over the weekend during an aviation show in Kavala, the Maritsa newspaper reported. By setting up a direct air line, Greek businesspeople are said to be aiming at increasing the number of Bulgarian tourists from Plovdiv. The Greek project is...


BULGARIA'S UNEMPLOYMENT RATE LOWEST SINCE NOV 2009

BULGARIA'S UNEMPLOYMENT RATE LOWEST SINCE NOV 2009
Source: novnite.com - (06/06/2011)

Topics: Macroeconomic Data      

In May 2011, Bulgaria registered its lowest monthly unemployment rate since November 2009, according to official data from the State Employment Agency. Thus, formal figures indicated that in May 2011, Bulgaria's unemployment rate was 8.87%, which is 0.42 pp lower than in April, and the first time since October 2010 when the unemployment is below 9%. The previous lower monthly unemployment figure was recorded back in November 2009 when it was 8.66%. A total of 328 533 persons were...


BULGARIAN RECYCLING BUSINESS RISES AGAINST 'ANTI-METAL THEFT' LAW

BULGARIAN RECYCLING BUSINESS RISES AGAINST 'ANTI-METAL THEFT' LAW
Source: novinite.com - (05/06/2011)

Topics: Business      Waste Management

Bulgaria's draft Waste Management Act, which is supposed to prevent rampant metal theft, has come under vigorous fire by the Bulgarian Recycling Association. The new law will force 1 000 SMEs into bankruptcy, which have acquired unlimited licenses for trading with ferrous and non-ferrous metals, costing the economy 14 000 jobs, according to the Bulgarian Recycling Association. The draft act stipulates that depots for the purchase of scrap can be located only on municipal grounds within...


GAZPROM TO POWER AHEAD WITH 2 SOUTH STREAM PIPES FROM RUSSIA TO BULGARIA

GAZPROM TO POWER AHEAD WITH 2 SOUTH STREAM PIPES FROM RUSSIA TO BULGARIA
Source: novinite.com - (04/06/2011)

Topics: Economy      

Gazprom will start construction of the South Stream gas pipeline to pump natural gas to Europe along the bed of the Black Sea with two parallel legs, Gazprom CEO Alexei Miller said on Monday. "We plan to build two pipeline legs with a capacity of 15.5 billion cubic meters each; they will be built in parallel," Miller said, as cited by RIA Novosti. The South Stream pipeline is intended to transport up to 63 billion cubic meters of natural gas to central and southern Europe, diversifying...


BULGARIA STARTS REHABILITATION OF ABANDONED NORTHERN ROAD

BULGARIA STARTS REHABILITATION OF ABANDONED NORTHERN ROAD
Source: novinite.com - (03/06/2011)

Topics: Infrastructure      Construction

A whole array of senior government officials have given the start of the rehabilitation of the road between the Northern Bulgarian cities Pleven and Lovech, its first repairs in 26 years. The road infrastructure project was opened by Deputy PM and Finance Minister Simeon Djankov, a native of Lovech, Regional Development Minister Rosen Plevneliev, and Parliament Chair Tsetska Tsacheva, who is herself a native of Pleven, among other officials. "I will not tire of repeating that Northern...


FOOTBALL LEGEND STOICHKOV VOWS TO BRING INVESTMENTS FOR NEW BULGARIAN STADIUMS

FOOTBALL LEGEND STOICHKOV VOWS TO BRING INVESTMENTS FOR NEW BULGARIAN STADIUMS
Source: novinite.com - (03/06/2011)

Topics: Investments      

Hristo Stoichkov, legendary former Barcelona striker, has come to his native Bulgaria with Spanish businessmen interested in investing in new Bulgarian stadiums. It is now the Bulgarian state's responsibility to keep their interest alive, Stoichkov stated before journalists in Sofia. "The investors are as serious in their intentions as (Prime Minister) Boyko Borisov and Sports Minister, Svilen Neykov, " he said. "They will do all they can to build stadiums in Bulgaria, just like those in...


SERBIA RUSHES WITH BULGARIAN HIGHWAY TO COMPETE WITH BULGARIAN-ROMANIAN BRIDGE

SERBIA RUSHES WITH BULGARIAN HIGHWAY TO COMPETE WITH BULGARIAN-ROMANIAN BRIDGE
Source: novinite.com - (03/06/2011)

Topics: Infrastructure      Construction

Serbia is hurrying to build a highway to the Bulgarian border before the completion of the second Bulgarian bridge on the Danube, according to Serbian Transport Minister Milutin Mrkonjic. In 2010-2011, Bulgaria and Serbia have stressed the need to complete the construction of the Sofia-Nis Highway, with Bulgaria taking steps to construct the 70-km section from Sofia to Kalotina on the Serbian border. The route is part of the so called Pan-European Transport Corridor No. 10 from Istanbul to...


AMERICAN AES LAUNCHES BULGARIA'S GALABOVO TPP

AMERICAN AES LAUNCHES BULGARIA'S GALABOVO TPP
Source: novinite.com - (03/06/2011)

Topics: Investments      

The new Termal Power Plant, TPP, "AES Galabovo" is being launched Friday near the southern Bulgarian city of Stara Zagora. The project cost is estimated at EUR 1.2 B. The investor is the American energy giant "AES" with its CEO, Peter Lithgow, stating the company is prepared to slate as much funds as needed because the TPP is a strategic facility for Bulgaria. Initially the first two units will work at 70% of their capacity, while full capacity will be reached at the end of the year. The...


BULGARIA AIR WELCOMED TO EMBRAER'S E-JETS PORTFOLIO

BULGARIA AIR WELCOMED TO EMBRAER'S E-JETS PORTFOLIO
Source: novinite.com - (03/06/2011)

Topics: Business      

Bulgaria's Bulgaria Air airline has been officially included in Embraer's portfolio of E-Jets costumers. Under a new agreement with a leasing company, the Bulgarian air carrier will will operate three Embraer 190 jets from Sofia. "It's wonderful to have another customer endorsing our E-Jets philosophy in this region of Europe," said Paulo C?sar de Souza e Silva, Embraer President, Commercial Aviation, as cited by charterx.com on Friday. "E-Jets are already flying with airlines in Moldova,...



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