Sofia. Military Club in the Bulgarian capital city Sofia hosted a meeting of the countries in the Danube Region. The forum was themed “Sustainable tourism through cooperation with European funds and investments” and was organised by the Bulgarian Ministry of tourism.
The event was attended by Bulgarian Minister of Economy Bozhidar Lukarski and Mayor of the capital city Sofia Yordanka Fandakova, while the special guests were representatives of the World Tourism Organisation with the UN, the...
Bulgaria's second largest city Plovdiv is an example of the country's thriving outsourcing industry, accounting for almost 4 per cent of GDP, according to the Bulgarian Outsourcing Association (BOA). Bulgaria is the world's ninth "most preferred" outsourcing destination in consultancy A T Kearney's 2014 Global Services Location Index, The Financial Times reports.
Fluency in languages and traditions in software development and programming are a draw, while macroeconomic stability and a...
Bulgarian Minister of Economy Bozhidar Lukarski will take part in a Bulgarian-French business seminar themed “Bulgarian market: investments and business opportunities”, which is organised by the Business France in Paris, the press office of the Bulgarian ministry announced.
The forum will present the opportunities for attraction of foreign and French investors, in particular, in Bulgaria’s priority economic sectors.
The business forum will be attended by French Secretary of State for...
“For several years we lived in the worst financial crisis, the world was shaking. We managed to handle it during our previous mandate,” Bulgarian Prime Minister Boyko Borisov said speaking at the first national discussion within the “Yes! To Bulgarian Economy” held in the capital city Sofia, FOCUS News Agency reporter said.
“When the crisis was gone, Bulgaria drowned. Since December 4 until now we have shared out nearly BGN 3.6 billion to more than 100,000 depositors at Corporate...
Bulgarian Minister of Economy Bozhidar Lukarski gave Wednesday an interview for Radio FOCUS, commenting on burning topics and announcing some news.
"Legislative amendments will reduce by about 30% the administrative burden on business. The business will save BGN 385 million through these amendments," he said.
"This will reduce [the burden] for businesses to a great extent," the minister was explicit.
He specified there would be amendments to 16 laws, 130 regulatory acts, and 120 acts...
Sofia. Eva Paunova, Bulgarian MEP from the Group of the European People's Party, will take part in the traditional lunch organised by the Council of the Women in Business in Bulgaria, the press office of the Citizens for European Development of Bulgaria (CEDB) party announced.
In the frames of the working lunch Ms Paunova will introduce the council members to her priorities and activities and will exchange ideas and good practices.
The Council of the Women in Business in Bulgaria was...
“I am happy that I witnessed the signing of this agreement,” US Ambassador to Bulgaria Marcie Ries said after the Bulgarian National Electricity Company (NEK) inked an agreement on changes to the long-term contracts with TPP AES Maritsa Iztok 1 and TPP Kontur Global Maritsa Iztok 3, FOCUS News Agency reporter said.
“These two companies together make the biggest American investment in Bulgaria. We hope that the signing of these agreements will contribute to the establishment of positive...
Sweden-based Trelleborg group said in Thursday it is acquiring the outstanding half of the shares in Trelleborg Sealing Solutions Silcotech Bulgaria OOD.
The Bulgarian operation has a production unit in Pernik, 40 km south of Sofia. Its main focus is the production of precision molded seals in liquid silicone rubber (LSR) for various industries including baby care and food processing.
The transaction, in which Trelleborg has utilized an option from 2011 to acquire the outstanding 50%...
Some 800 teams with business ideas have applied for funding under the Entrepreneurship Acceleration and Seed Financing Instrument under the JEREMIE initiative.
The first application window for submitting projects expires at the end of June, according to a media statement of Bulgaria's Ministry of Economy, Energy and Tourism.
The Entrepreneurship Acceleration and Seed Financing Instrument consists of EUR 21 M provided under the JEREMIE initiative within the Competitive Power Operational...
In the first six months of 2012, Sofia Airport processed a total of 1 694 728 passengers, up by 0.7% from the same period of 2011.
According to a media statement of Sofia Airport, the number of passengers travelling to international destinations increased by 34 276 (2%) on the year.
Bulgarian national carrier Bulgaria Air registered an increase of 8% in passengers travelling to domestic destinations.
As regards international air carriers running regular flights, the biggest increases...
French bank Credit Agricole has officially taken control of the Bulgarian assets of its Greek subsidiary Emporiki Bank.
The transfer of all 83 876 135 shares took place last week, data of Bulgaria's Central Depository shows.
Not that the procedure is complete, the Bulgarian unit of Emporiki Bank has direct access to funding from the French bank and will adopt the name Credit Agricole with its trademark and logo.
French bank Credit Agricole announced in the middle of June it has taken...
Bulgaria's first solar-powered electric vehicle charging station was unveiled Monday in front of Inter Expo Center on the Tsarigradsko Shose Blvd in Sofia.
The project was initiated by a consortium called Green Energy with funding from the Global Environmental Fund's Small Grants Program and the United Nations Development Program (UNDP).
The electric vehicle charging station, which can be used for cars, scooters and bikes, can charge one car and one scooter or bicycle at a time.
The...
German discount retailer Lidl said it has expanded its chain in Bulgaria, a move that will heat up further the competition in the sector.
The new shops are located in the capital Sofia and the cities of Burgas, Ruse, Stara Zagora and Vratsa, bringing the total number of Lidl outlets across the country up to sixty.
Lidl opened its first fourteen stores in Bulgaria at the end of November 2010, locating them in eleven cities - Sofia, Plovdiv, Varna, Stara Zagora, Pazardzhik, Sliven,...
Bulgaria's government approved Wednesday a memorandum of understanding between Bulgaria's Executive Agency for Promotion of Small and Medium-Sized Enterprises and Montenegro's Directorate for Development of Small and Medium-Sized Enterprises.
The two sides are to cooperate on the organization of events promoting SMEs like exchange visits of entrepreneurs, arranging participations in business forums and seminars, commercial fairs, exhibitions and other activities enhancing the economic...
Bulgaria ranks 43rd in the 2012 edition of the Global Innovation Index (GII) of the European Institute of Business Administration (INSEAD) in France and the World Intellectual Property Organization (WIPO) in Switzerland.
Croatia ranks right before Bulgaria, while the majority of countries on the Balkans are after Bulgaria, like Montenegro (45th), Serbia (46th), Romania (52nd) and Macedonia (62nd).
The first thee places in the ranking are occupied by Switzerland, Sweden and...
Germany's importance for the Bulgarian economy is growing, Bulgarian Economy Minister Delyan Dobrev told a business forum in Berlin Tuesday.
Dobrev is part of the delegation accompanying Bulgarian President Rosen Plevneliev in Germany.
Speaking before 70 businesses in Berlin, he pointed to a potential German investor, a company interested in building a plant for car air conditioners in Bulgaria's Plovdiv, and noted that more and more investors are seeking to join Bulgaria's car parts...
Romanian investors are increasingly deciding to register firms in Bulgaria, the Romanian paper Ziare wrote Tuesday in a report.
Ziare points out that in 2011 the number of Romanian companies registered in Bulgaria increased by 50% year-on-year.
The report adds that the same goes for Greek investors, with the number of Greek companies in Bulgaria increasing by 72% in 2011 year-on-year reaching a total of 3 781.
The main reasons for Romanian investors to choose to start business in...
German electric energy company E.ON has finalized the deal to sell its Bulgarian unit E.ON Bulgaria to private Czech company Energo-Pro, it emerged on Friday.
The news comes half a year after Bulgaria's Commission for Protection of Competition (CPC) cleared the acquisition of E.ON Bulgaria EAD by the Czech utility.
"Our main priority at the moment is to assure Bulgarian authorities and consumers that Energo-Pro is a reliable partner and a high-quality electricity supplier," Irji Krushina,...
Greek telecoms group OTE will seek to sell its Bulgarian businesses - a mobile phone company and an electronic appliance retail chain – for no less than EUR 800 M, according to reports.
Bulgarian phone services provider Globul and Germanos Telecom Bulgaria are expected to fetch the Greek telecom giant some EUR 800 M, the online edition of Kathimerini reported.
"OTE management has repeatedly said that it will sell one of its units abroad at a satisfactory price," the company said in a...
A joint Bulgarian-Romanian wine festival will be opened in Bulgaria's Ruse as part of an EU-funded project entitled "Danube Wine Destinations".
The Bulgarian-Romanian Wine Festival will take place in Ruse on June 28-30, 2012, and will be opened by Bulgarian Agriculture Minister Miroslav Naydenov to finalize the Danube Wine Destinations project, which is funded under EU's PHARE Trans-border Cooperation Program 2007-2013.
Two NGOs, Evrointegra Association Bulgaira and Parteneri 2000 Romania...
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