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Invest Bulgaria News Directory

(1394 Stories Found)

NEARLY 1 IN 4 OFFICES IN BULGARIA'S SOFIA VACANT

NEARLY 1 IN 4 OFFICES IN BULGARIA'S SOFIA VACANT
Source: novinite.com - (12/01/2011)

Topics: Business      

Every fourth office in Bulgaria's capital Sofia is vacant, according to MBL yearly office market report. In 2010, the overall vacancy rate in class A and class B office buildings in Sofia went up to 24.3% of the overall inventory or 335 000 sq.m. New absorption amounted to 105 000 sq.m., indicating a 50% increase year on year. The last year saw 265 500 sq.m. of new office space in Sofia, raising the total stock in the capital to 1 378 000 sq.m. Additional 250 000 sq.m. of new office space...


BULGARIAN CO LAUNCHES LED SCREEN WITH SOLAR CHARGER

BULGARIAN CO LAUNCHES LED SCREEN WITH SOLAR CHARGER
Source: novinite.com - (11/01/2011)

Topics: Business      

The Bulgarian company "Megatex" has created a screen combining LED technology with renewable solar energy, the company announced Tuesday. "Megatex" is to launch soon on the market a LED display which has a solar charging panel inside. It is the first such product in the world. The panel has a 5 KW power to charge the screen. The new screen will be used outdoors and can be installed on stadiums; it can be used for concerts or as a billboard. One of its great advantages is that it can be...


SWEDISH COMPANY TO RELOCATE PRODUCTION TO BULGARIA

SWEDISH COMPANY TO RELOCATE PRODUCTION TO BULGARIA
Source: novinite.com - (11/01/2011)

Topics: Business      

The Swedish company Atlas Corpco is considering a plan to relocate production of light compaction equipment from Ljungby, Sweden, to the Bulgarian town of Ruse. "The considered plan is in line with our ambition to constantly improve the operational efficiency and make sure our production is cost competitive," Bj?rn Rosengren, Atlas Corpco's Business Area President, Construction and Mining Technique, has commented on Tuesday. The company has negotiations with unions regarding the scheduled...


EX CZECH AMBASSADOR TAKES OVER CEZ BULGARIA

EX CZECH AMBASSADOR TAKES OVER CEZ BULGARIA
Source: novinite.com - (11/01/2011)

Topics: Business      

The Czech-owned power utility CEZ, which services western Bulgaria, officially introduced their new Regional Manager – former Czech Ambassador to Sofia, Petr Dokladal. Dokladal was Ambassador to Sofia from 2001 to 2006, and has received Bulgaria's highest order, Stara Planina, for his service to bilateral relations. He replaces Jan Vavera, who managed the company for the last year. CEZ announced plans to reshuffle their leadership in Bulgaria in mid-December, but the changes became...


CHINA EYES PARTICIPATION IN BULGARIAN ENERGY PROJECTS

CHINA EYES PARTICIPATION IN BULGARIAN ENERGY PROJECTS
Source: novinite.com - (10/01/2011)

Topics: Business      

China National Electric Equipment Corporation (CNEEC) is interested in participation in projects in the Bulgarian energy sector, the company representatives have announced. The CNEEC representatives met Monday with Bulgaria's Finance Minister Simeon Djankov and Energy Minister Traicho Traikov at the Council of Ministers in Sofia. A main subject of the talks were the opportunities of participation of CNEEC in large and smaller energy projects in Bulgaria. The Chinese specialists have...


BULGARIA SET TO EXPORT TO JAPAN WINE, POULTRY

BULGARIA SET TO EXPORT TO JAPAN WINE, POULTRY
Source: novinite.com - (10/01/2011)

Topics: Business      

Japan is interested in expanding its imports of certain agricultural products from Bulgaria, according to Agriculture Minister Miroslav Naydenov, who met with the new Japanese Ambassador in Sofia. Naydenov had a meeting Monday with His Excellency Makoto Ito, the new Ambassador of Japan to Bulgaria, which served to prepare arrangements for Naydenov's visit in Japan as part of a Bulgarian government delegation later in January. According to the Bulgarian Ministry of Agriculture and Foods,...


BULGARIA REGISTERS EXPORT GROWTH TO NON-EU COUNTRIES

BULGARIA REGISTERS EXPORT GROWTH TO NON-EU COUNTRIES
Source: novinite.com - (10/01/2011)

Topics: Business      

Bulgaria's exports to non-EU states have increased by 46.9% year on year in the period January- November and amounted to BGN 10.7 B according to the National Statistical Institute's preliminary data. The main trade partners of Bulgaria's main trade partners in that period have been Turkey, Serbia, Russia, the former Yugoslav Republic of Macedonia, Ukraine, USA, Singapore and China that formed 57% of the total exports to third countries. The exported goods to China have increased by 140.6%...


CEZ SETS UP BULGARIAN SUBSIDIARY FOR RENEWABLE ENERGY INVESTMENTS

CEZ SETS UP BULGARIAN SUBSIDIARY FOR RENEWABLE ENERGY INVESTMENTS
Source: novinite.com - (07/01/2011)

Topics: Business      

Bulgaria's Czech-owned power utility CEZ has established a new subsidiary called CEZ Bulgaria Investments. The new company from the CEZ portfolio is going to focus specially on investments in renewable energy sources, the company announced on Friday. CEZ Bulgaria Investments was founded on January 3, 2011; a day later it was registered in the trade register in the Netherlands with a capital of EUR 30 000. It is 100% owned by CEZ A.S. CEZ, which is the electricity distribution company...


BULGARIA'S CONSTRUCTION REGISTERS 2,6% GROWTH NOVEMBER 2010

BULGARIA'S CONSTRUCTION REGISTERS 2,6% GROWTH NOVEMBER 2010
Source: novinite.com - (07/01/2011)

Topics: Business      

Bulgaria's construction sector registered a 2,6% growth in November 2010, compared to the same month in 2009, according to preliminary seasonally adjusted data from the National Statistics Institute (NSI). The monthly working day adjusted data for November 2010 showed an increase of 0,8% of the construction production, year-on-year. The growth of building construction production was 1,1%, while the growth of civil/engineering construction is 2%, according to the seasonally adjusted...


BULGARIAN COMPETITION WATCHDOG APPROVES PHARMACEUTICAL MERGER

BULGARIAN COMPETITION WATCHDOG APPROVES PHARMACEUTICAL MERGER
Source: novinite.com - (06/01/2011)

Topics: Business      

Bulgaria's Commission for Competition Protection has approved the merger of the pharmaceutical manufacturer "Unipharm" with the largest "Sopharma," the Commission announced Thursday. The merger will happen long-term; currently there are no changes at the two companies. By the end of the third quarter of 2010, "Sopharma," had a nearly 50% stake at "Unipharm," compared to just below 6% at the beginning of 2009. The "Sopharma" Director of Relations with Investors explains, until recently,...


RAIFFEISENBANK: BULGARIA'S ECONOMY TO GROW BY 3% 2011

RAIFFEISENBANK: BULGARIA'S ECONOMY TO GROW BY 3% 2011
Source: movinite.com - (05/01/2011)

Topics: Business      

Raiffesen Bank Bulgaria has dropped its expectations for the county's economic growth in 2011 from 3% to 2.7%. The bank's monthly analysis states that the external economic environment is favorable for the development of Bulgaria's economy, but that the recovery from the financial crisis will hardly be felt in the internal market. In 2010's third quarter, the country saw a 1% economic growth year on year, in comparison to 0.5% in the previous quarter. The main reasons for that was the...


BULGARIAN GOVT APPROVES DUNDEE PRECIOUS METALS' KRUMOVGRAD GOLD MINING PROJECT

BULGARIAN GOVT APPROVES DUNDEE PRECIOUS METALS' KRUMOVGRAD GOLD MINING PROJECT
Source: novinite.com - (05/01/2011)

Topics: Business      

The Toronto-based mining company Dundee Precious Metals has announced that the Bulgarian government has given a green light to its project for gold mining in the town of Krumovgrad located in the very south of Bulgaria. In a statement, Dundee said that the permitting process for its Krumovgrad gold project in Bulgaria has taken "another step forward." Following the submission of the Company's new Environmental Impact Assessment Report ("EIA") and Natura 2000 Compatibility Assessment...


UPBEAT OFFICE OCCUPIERS TO FUEL BULGARIA REAL ESTATE - COLLIERS

UPBEAT OFFICE OCCUPIERS TO FUEL BULGARIA REAL ESTATE - COLLIERS
Source: novivite.com - (04/01/2011)

Topics:       

There is a significant improvement in the overall business sentiment among office occupiers in Bulgaria, a survey by realtor Colliers International shows. According to a survey recently conducted among more than 5,000 recipients of Colliers International's Office Newsletter, 53% of respondents believe the general outlook for the business in 2011 is positive compared to 2010, while only 21% were optimistic six months ago. The research shows that the share of companies with a negative...


ROMANIAN FIRMS LURED BY BULGARIA'S BUSINESS CLIMATE - AMBASSADOR

ROMANIAN FIRMS LURED BY BULGARIA'S BUSINESS CLIMATE - AMBASSADOR
Source: novinite.com - (04/01/2011)

Topics: Business      

Romanian companies that registered in Bulgaria have been attracted by the latter's business climate, according to Valentin Radomirski, Bulgarian Ambassador to Romania. "Predictability, business-friendly environment, low tax rates are elements that attract companies. For the last two months only, three credit agencies consistently affirmed the positive credit rating of Bulgaria and this is a strong message to business - both foreign and Bulgarian. Romanian companies are among many others...


BULGARIA'S SECOND-HAND CAR MARKET BOASTS IMPRESSIVE GROWTH IN 2010

BULGARIA'S SECOND-HAND CAR MARKET BOASTS IMPRESSIVE GROWTH IN 2010
Source: novinite.com - (04/01/2011)

Topics: Business      

The sales of second-hand cars in Bulgaria grew by 30%-50% in 2010, year-on-year, estimates have shown. According to Lyubomir Dorosiev, deputy head of the Association of Car Importers, as cited by money.bg, the Bulgarian market for second-hand cars had a growth that is impressive against the backdrop of the economic crisis and the reduced domestic consumption. Dorosiev pointed out there is a increasing trend of people in Bulgaria preferring second-hand to new cars. Data of the...


BULGARIA TO LAUNCH FOOD SAFETY WATCHDOG FEBRUARY 2011

BULGARIA TO LAUNCH FOOD SAFETY WATCHDOG FEBRUARY 2011
Source: novinite.com - (04/01/2011)

Topics: Business      

Bulgaria's Food Safety Agency will start operating on February 1 2011, the Bulgarian Agriculture Minister Miroslav Naydenov has announced. This means a one month delay, as the agency was originally scheduled to begin operating on January 1, 2011. As Naydenov explained on Tuesday, the Bulgarian MPs have been too busy passing the Election Code amendments, which has led to a delay in the new legislation on foods, necessary in order for the agency to be launched. "The new law will be ready...


BULGARIA'S KOZLODUY NPP OVER-PERFORMS IN 2010

BULGARIA'S KOZLODUY NPP OVER-PERFORMS IN 2010
Source: novinite.com - (03/01/2011)

Topics:       

Bulgaria's only operational nuclear power plant at Kozloduy has surpassed its planned 2010 electricity output. In 2010, the Kozloduy NPP produced a total of 15 248 605 MW/h of electricity, the company management announced on Monday, January 3, 2011. The nuclear plant reached the projected 2010 amount of produced electricity on December 26, 2010, and in the last five days of the year, it managed to produce a total of 253 465 MW/h of electricity more than its management originally...


BULGARIAN WHOLESALE PRICES HIT RECORD LAST WEEK OF 2010

BULGARIAN WHOLESALE PRICES HIT RECORD LAST WEEK OF 2010
Source: novinite.com - (02/01/2011)

Topics: Business      

The index of wholesale prices in Bulgaria went up from 1.784 to 1.825 points in the last week of 2010, which is the highest level since the beginning of the year. The data comes from the State Commission for Commodity Exchanges and Market Places. For comparison, in the end of 2009, the index of wholesale prices was 1,704 points. There was an increase of 7 points in the index in the end of December 2010, in comparison to the same period the previous year. The highest price hikes at the...


BULGARIA, BRAZIL SEE IT COOPERATION OPPORTUNITIES

BULGARIA, BRAZIL SEE IT COOPERATION OPPORTUNITIES
Source: novinite.com - (01/01/2011)

Topics: Business      

Bulgaria's Transport and IT Minister Alexander Tsvetkov has met with his Brazilian counterpart Paulo Sergio Passos on Saturday. The two countries are expected to sign an Agreement on collaboration in the IT sector. Mutual collaboration opportunities in the sphere of railway transport have also been discussed. On Thursday, when a Bulgarian delegation visited Brazil's President-elect Dilma Rousseff, some off the topics discussed partnerships in the construction of Brazil's railways,...


SERBIA WILLING TO JOIN BULGARIA'S BELENE NPP

SERBIA WILLING TO JOIN BULGARIA'S BELENE NPP
Source: novinite.com - (31/12/2010)

Topics:       

Serbia is in favor of participating in the construction of the Belene Nuclear Power Plant in Bulgaria, the country's Deputy Prime Minister Bozidar Djelic has told the Bulgarian National Radio. He has pointed out that the increased number of high-level meetings between Bulgarian and Serbian officials is a solid proof that the two countries are important partners with common interests with regard to nuclear energy, the South Stream gas pipeline and the Danube Strategy. "If a contract is to...



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All News Pieces: 1385



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