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

BULGARIAN RESTAURANT NAMED AMONG CENTRAL, EASTERN EUROPE'S TOP 10

BULGARIAN RESTAURANT NAMED AMONG CENTRAL, EASTERN EUROPE'S TOP 10
Source: novinite.com - (13/06/2011)

Topics: Business      Food and Beverage

Enoteca Uno in the Bulgarian capital Sofia has been selected as one of the ten best restaurants in Central and Eastern Europe according to the list announced during the Dining Guide Food Show in Budapest. Besides the Bulgarian restaurant, La Degustation Boheme Bourgeoise in Prague, Czech Republic, Valsabbion in Pula, on the Croatian Adriatic coast, La Rotisserie in Warsaw, Poland, Chateau Visz in Hugarian Berencse puszta, Heritage – a French restaurant in Bucharest, Restaurant Zaplet in...


BULGARIA REGISTERS DROP IN PRODUCE PRICES

BULGARIA REGISTERS DROP IN PRODUCE PRICES
Source: novinite.com - (12/06/2011)

Topics: Business      

Prices of fruit and vegetables are falling with their wholesale price index going down to 1.035 points. The data was released by the State Commission for Commodity Exchanges and Market Places. Prices of greenhouse tomatoes are down 23%, of cucumbers – 31%, of cabbage – 24%, of spring potatoes – 25%. Prices of lettuce are up by 2%. In the last week, strawberries' prices were 15% lower as were those of cherries. Among basic food stables – prices of sugar remained the same; those of...


GREAT WALL JV TO PRODUCE EU CHEAPEST CARS IN BULGARIA

GREAT WALL JV TO PRODUCE EU CHEAPEST CARS IN BULGARIA
Source: novinite.com - (12/06/2011)

Topics: Business      

Voleex C10 sedan, Hover H5 SUV and Steed pickup are the three 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, at very competitive prices. The companies are to roll off their first vehicles by the end of the year amid expectations for a furore not least because of their low prices. Even though the price list has not been officially announced, unconfirmed reports say Voleex C10, a...


EARNST & YOUNG RANK BULGARIA 32ND IN RENEWABLE ENERGY ATTRACTIVENESS

EARNST & YOUNG RANK BULGARIA 32ND IN RENEWABLE ENERGY ATTRACTIVENESS
Source: novinite.com - (08/06/2011)

Topics: Business      Renewable Energy

Bulgaria has been ranked among the most attractive countries in the world for investments in renewable energy projects, a report from the US auditing and consulting company Ernst & Young showed. The top three in the ranking are China, the US, and India while Bulgaria is among the top 35, according to the attractiveness indices. This is the first time Bulgaria is included in the report along with Morocco, Taiwan, and Chile. The report points out the last several months were not only very...


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...


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,...


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...


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...


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...


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,...


BULGARIA REGISTERS NOTABLE INCREASE BIODIESEL CONSUMPTION IN 2010

BULGARIA REGISTERS NOTABLE INCREASE BIODIESEL CONSUMPTION IN 2010
Source: novinite.com - (01/06/2011)

Topics: Business      Automotive

Biodiesel consumption in Bulgaria registered a staggering increase in 2010 amounting to 38 911, 13 tons, according to preliminary information from the Ministry of Economy, Energy and Tourism. Biodiesel consumption in the previous two years came in at 4260 tons and 6566 tons, respectively, following a report prepared by Traicho Traikov, Minister of Economy, Energy and Tourism, on the implementation of national indicative targets for the use of biofuels and other renewable fuels in the...


BULGARIAN RESORT ALBENA ATTRACTED 220 000 TOURISTS IN 2010

BULGARIAN RESORT ALBENA ATTRACTED 220 000 TOURISTS IN 2010
Source: novinite.com - (26/05/2011)

Topics: Business      Tourism

One of Bulgaria's leading Black Sea resorts Albena attracted 221 000 tourists in the summer of 2011. The number of night stays in 2010 grew by 11% year-on-year, while the average occupancy rate of the resort located 30 km north of Varna and 500 km east of Sofia, increased from 76% to 79%. According to the annual report of Albena about the company's work in 2010, it registered revenues amounting to BGN 77.131 M. The 2010 profit was BGN 9.337 M. The report for 2010 will be presented to...


DOUBLETREE BY HILTON VARNA ON BULGARIA COAST OPENS TO GUESTS

DOUBLETREE BY HILTON VARNA ON BULGARIA COAST OPENS TO GUESTS
Source: novinite.com - (25/05/2011)

Topics: Business      Tourism

DoubleTree by Hilton Varna-Golden Sands, the first global hotel brand to enter Bulgaria's Black Sea coast, has officially opened its doors to guests just as the summer season kicks off. "We hope that this first DoubleTree by Hilton hotel open and welcoming guests in Bulgaria will lead to continued and fast-growing popularity of our upscale, full-service hotel offerings across the region and around the world," Rob Palleschi, global head, DoubleTree by Hilton, said at a press conference in...


POPTODOROVA: SMALL US BUSINESS IS INTERESTED IN BULGARIA

POPTODOROVA: SMALL US BUSINESS IS INTERESTED IN BULGARIA
Source: novinite.com - (21/05/2011)

Topics: Business      

Smaller US companies are increasingly interested in investing in Bulgaria, Bulgarian Ambassador to Washington DC, Elena Poptodorova, says. In an interview for the Bulgarian news agency, BTA, Poptodorova commented on her just-concluded 5-day trip across the US. She went to the cities of Chicago, Il, Houston, TX; Phoenix, AZ, and San Francisco, CA in a joint initiative with US Ambassador to Sofia, James Warlick, to secure American investments in Bulgaria. "Big companies are very important,...


LUKOIL: USD 100 PER BARREL IS FAIR OIL PRICE

LUKOIL: USD 100 PER BARREL IS FAIR OIL PRICE
Source: novinite.com - (17/05/2011)

Topics: Business      

The current price of oil around USD 100 per barrel is completely fair, according to Russian oil company Lukoil's president Vagit Alekperov. Over the spring, company's Bulgarian subsidiary, Lukoil Bulgaria, has been accused by consumers of exploiting its dominant marked position and creating unrealistically high end prices. The putting into question of Lukoil Bulgaria's price formation was seconded by Bulgarian Minister of Economy and Energy Traicho Traikov, only to be chastised by PM...


BORISOV'S EX BUYS HALF OF BULGARIAN-AMERICAN CREDIT BANK

BORISOV'S EX BUYS HALF OF BULGARIAN-AMERICAN CREDIT BANK
Source: novinite.com - (16/05/2011)

Topics: Business      

Bulgarian tycoon Tsvetelina Borislavova, more publicly known as the woman with whom Prime Minister Boyko Borisov formerly lived out of wedlock, has returned in the banking sector with a sizable purchase. Through her company Clever Synergies Investment Fund (CSIF), Borislavova bought Monday 49.99% of the Bulgarian-American Credit Bank, the CSIF announced. The contract for the sale of 49.99% of the Bulgarian-American Credit Bank was signed Monday between the previous owner of the share, the...



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All News Pieces: 1385



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