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INVEST BULGARIA NEWS DIRECTORY

INCOME AND CORPORATE TAXES IN EUROPE IN EARLY 2013
A picture can say a thousand words! Bulgaria is the most attractive tax destination in Europe. Period! [ More ]
WALL STREET LEGEND JIM ROGERS MULLS INVESTING IN BULGARIA
Wall Street legend and highly successful international investor, author and commodities expert, Jim Rogers has said he is considering investing in Bulgaria. Bulgaria is among the few... [ More ]
FDI IN BULGARIA IN JANUARY-OCTOBER WAS 804.9 MILLION EURO
Foreign direct investment in Bulgaria in the first 10 months of 2014 was 804.9 million euro, the equivalent of two per cent of gross domestic product (GDP), Bulgarian National Bank (BNB) said... [ More ]
BULGARIA DELAYS EURO ADOPTION BY TWO YEARS AT LEAST
Bulgaria's finance minister, who was initially targeting rapid accession to the euro zone, has confirmed the country is in no hurry to adopt the single currency. "We will not make any move... [ More ]
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 LATEST NEWS
LOT 2 OF BULGARIA’S STRUMA MOTORWAY TO BE READY BY END-OCTOBER 2015

LOT 2 OF BULGARIA’S STRUMA MOTORWAY TO BE READY BY END-OCTOBER 2015
(12/06/2015)

Topics: Infrastructure      

The deadline for the completion of construction works at Lot 2 of the Struma motorway is October 2015, according to Bulgarian Regional Development Minister Lilyana Pavlova. On Sunday, Pavlova conducted a sudden inspection of the progress of the 38km motorway section connecting Dupnitsa and Blagoevgrad. Pavlova, as cited by the Focus agency, declared that she had been told by workers of the contractor that the construction works were to be wrapped up by end-October 2015. She noted...


BULGARIA PRESIDENT: GERMANY IS BULGARIA’S BIGGEST TRADE PARTNER

BULGARIA PRESIDENT: GERMANY IS BULGARIA’S BIGGEST TRADE PARTNER
(12/06/2015)

Topics: Investments      

Berlin. “German-Bulgarian bilateral relations have developed,” Bulgarian President Rosen Plevneliev said speaking at a meeting of the members of the German-Bulgarian Forum, at which he presented what Bulgaria had achieved 10 years after signing the Accession Treaty with the EU, the press centre of the Bulgarian President’s Office announced. “German-Bulgarian bilateral relations have developed, too. Over the past ten years the merchandise exchange between Germany and Bulgaria has doubled. Today...


BULGARIA MARKS 10% INCREASE IN EU FUND ABSORPTION

BULGARIA MARKS 10% INCREASE IN EU FUND ABSORPTION
(12/06/2015)

Topics: Financial      

Bulgaria has marked a 10% increase in EU funds absorption over the first 5 months of 2015, according to a statement made available through a specialized Directorate to the Bulgarian Council of Ministers. According to the data, 77,45% of the funds have been absorbed by end May 2015 as compared to 67,4% by end 2014. Regardless of the overall good pace in EU fund implementation, it will still not suffice for Bulgaria to surpass 85% by the end of the year. The report further shows that since...


STRONG POUND, DROP IN PRICES MAKE BULGARIA GOOD HOLIDAY VALUE FOR UK TOURISTS

STRONG POUND, DROP IN PRICES MAKE BULGARIA GOOD HOLIDAY VALUE FOR UK TOURISTS
(11/06/2015)

Topics:       Tourism

UK tourists can book a bargain holiday in several countries in Europe including Bulgaria this summer thanks to the strong British pound, according to dailymail.co.uk. According to recent statistics compiled by the UK’s Post Office, the British pound has gained 11.7% against the Bulgarian lev and 16.1% against the Turkish lira since 2014, boosting the spending power of British tourists visiting those countries. Against the euro, the pound is now 19% more expensive than it was in 2013. A...


SMALL COMPANIES CREATE OVER 70% OF JOBS IN BULGARIA - PRESIDENT

SMALL COMPANIES CREATE OVER 70% OF JOBS IN BULGARIA - PRESIDENT
(10/06/2015)

Topics: Economy      

Small companies create over 70% of the jobs in Bulgaria, according to President Rosen Plevneliev. Plevneliev handed Tuesday an award to the winner in the first national competition for successful small businesses titled “The Big Small”, according to reports of the Bulgarian National Radio. There were 15 finalists in the competition, all of them in the sphere of production and services. The competition seeks to encourage entrepreneurship. “The small ones are the big ones in the...


BULGARIA HOSTS MEETING OF DANUBE REGION COUNTRIES (ROUNDUP)

BULGARIA HOSTS MEETING OF DANUBE REGION COUNTRIES (ROUNDUP)
(09/06/2015)

Topics: Business      

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...


RECORD BREAKER: BULGARIA'S GDP UP BY 2% Q1 2015

RECORD BREAKER: BULGARIA'S GDP UP BY 2% Q1 2015
(06/06/2015)

Topics: Economy      

The Bulgaria's economy jumped by 2% in the first quarter. This is a record for the past four years, as there has not been such a large GDP increase on an annual basis since 2011, National Statistics Institute data suggests. Compared to the previous quarter Bulgaria's economy grew by 0.9%, which is also the best result of nearly five years. The growth is mainly a result of good indicators in the industrial sector, but the real estate transactions have also increased significantly by achieving...


FT: BULGARIA BULGARIA IS THE WORLD'S NINTH

FT: BULGARIA BULGARIA IS THE WORLD'S NINTH "MOST PREFERRED" OUTSOURCING DESTINATION
(06/06/2015)

Topics: Business      

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...


AFTER INFRASTRUCTURE PROJECTS IT COMES THE TURN OF THE FACTORIES: BULGARIAN PM

AFTER INFRASTRUCTURE PROJECTS IT COMES THE TURN OF THE FACTORIES: BULGARIAN PM
(28/05/2015)

Topics: Infrastructure      

Stara Zagora. “After infrastructure projects it comes the turn of the factories. This is what rehabilitates economy,” Bulgarian Prime Minister Boyko Borisov said at the opening of an Automotive Gasket Plant in the town of Stara Zagora, a reporter of FOCUS News Agency announced. The Prime Minister said that this is a huge investment, Bulgaria gives only 10-15%, and the rest are European investments. "The government fully implemented the European programmes," the Prime Minister added. The...


QATAR IS INTERESTED IN INVESTMENT IN TRANSPORT INFRASTRUCTURE, ENERGY AND AGRICULTURE

QATAR IS INTERESTED IN INVESTMENT IN TRANSPORT INFRASTRUCTURE, ENERGY AND AGRICULTURE
(18/05/2015)

Topics: Investments      Construction

Doha. Sheikh Faisal bin Saud Al Thani, Head of Business Development - Qatar Holding at Qatar Investment Authority declared interest in investment in transport infrastructure, energy and agriculture. Representatives of the Holding met with Bulgarian Prime minister Boyko Borisov and Bulgarian ministers who pay an official visit to Doha, the governmental information service announced. During the talks Qatar state officials reaffirmed their interest in operating of Doha-Varna line. A Qatari...


SKOREA, BULGARIA TO WORK TOGHETHER ON INFRASTRUCTURE

SKOREA, BULGARIA TO WORK TOGHETHER ON INFRASTRUCTURE
(15/05/2015)

Topics: Politics      Construction

South Korea and Bulgaria have agreed to boost cooperation in infrastructure development, Yonhap News Agency has said. According to Yonhap's report, this paves the way "for South Korea to make inroads into the East European country's infrastructure projects". During Bulgarian President Rosen Plevneliev's three-day visit to South Korea (May 12-13), he also witnessed alongside counterpart Park Geun-hye the signing of 3 memorandums on understanding urging cooperation in defense, science and...


AURUBIS PLANNING TO INVEST EUR 150 M IN BULGARIA

AURUBIS PLANNING TO INVEST EUR 150 M IN BULGARIA
(14/05/2015)

Topics: FDI in Bulgaria      

An investment package of nearly EUR 150 M into the Bulgarian economy is being considered by leading copper producer Aurubis, the company's CEO Tim Kurt has said. At a press conference, Kurt and the company's Secretary General Georgi Nikolov warned of a number of challenges that Bulgaria's business environment poses to businesses, such as the administrative burden. Electricity prices for industrial consumers are also of concern, with the company paying EUR 50 per MWh in Bulgaria compared...


UNNAMED INVESTOR TO PUT EUR 30 M IN BULGARIA’S PLEVEN

UNNAMED INVESTOR TO PUT EUR 30 M IN BULGARIA’S PLEVEN
(16/04/2015)

Topics: FDI in Bulgaria      

Stamen Yanev, Executive Director of the InvestBulgaria Agency, has suggested that Pleven anticipates investment amounting to EUR 30 M. Speaking at a roundtable discussion uniting representatives of regional businesses and the central and local authorities, Yanev noted that it was too early to disclose details about the project. The discussion on the development opportunities for the Pleven Municipality was attended by Deputy Prime Minister Meglena Kuneva, Deputy Economy Minister Daniela...


WEATHER IN BULGARIA PERFECT FOR MOUNTAIN TOURISM

WEATHER IN BULGARIA PERFECT FOR MOUNTAIN TOURISM
(15/04/2015)

Topics:       Tourism

Weather in Bulgaria is perfect for tourism in the mountains on Wednesday, April 15, the Mountain Rescue Service with the Bulgarian Red Cross announced for FOCUS News Agency. Temperatures vary between 1 C and 5°C. The sports facilities are operating everywhere. No incidents with tourists have been reported in the past twenty-four hours. More information about the situation and the weather in the mountains is available on the official website of the Mountain Rescue Service ( www.pss.bg/ )...


WE HOPE INFRASTRUCTURE FOR NON-HAZARDOUS HOUSEHOLD WASTE TREATMENT BE COMPLETED IN 2016: BULGARIA MINISTER

WE HOPE INFRASTRUCTURE FOR NON-HAZARDOUS HOUSEHOLD WASTE TREATMENT BE COMPLETED IN 2016: BULGARIA MINISTER
(15/04/2015)

Topics: Infrastructure      

“The opportunities OP Environment provides in the previous and the new programme periods establish prerequisites for a huge volume of work on designing and construction of ecological infrastructure as well as possibilities for the state to tackle challenges,“ said Ivelina Vasileva, Bulgarian Minister of Environment and Water, speaking at an annual conference themed “Strategic infrastructure and investments – Bulgaria and the Western Balkans“, FOCUS News Agency reported. “In the sphere of waste...


SOFIA MUNICIPALITY HOSTED EUROCITIES CONFERENCE (ROUNDUP)

SOFIA MUNICIPALITY HOSTED EUROCITIES CONFERENCE (ROUNDUP)
(15/04/2015)

Topics: Health      

The two-day EUROCITIES Forum is taking place in Sofia, Bulgaria, under the theme “Funding of Public Transport and New Business Models”. EUROCITIES is the network of major cities in Europe and currently gathers the local governments of over 50 of Europe’s largest cities from across 30 European countries. All of them share knowledge and exchange ideas throughout six forums, including the environment and mobility one; a wide range of working groups, events, EU-funded projects, in which EUROCITIES...


ITALIAN COMPANIES TO JOIN PRIVATIZATION PROJECTS IN BULGARIA – ECONOMY MINISTER

ITALIAN COMPANIES TO JOIN PRIVATIZATION PROJECTS IN BULGARIA – ECONOMY MINISTER
(15/04/2015)

Topics: Investments      

Italian companies may be attracted in privatization projects, including for tourist sites, as well as concessions agreements and modernization schemes for airports, and construction and reconstruction of road and railway infrastructure in Bulgaria, according to Minister Bozhidar Lukarski. Speaking Tuesday at the opening of an economic forum titled “Bulgaria and Italy: Together for Achieving Growth”, Lukarski pointed out that the trade and economic cooperation between Bulgaria and Italy was...


EUROPEAN COMMISSION OPENS INFRINGEMENT PROCEDURE AGAINST BULGARIA OVER RESTRICTIONS AGAINST SELLING LAND TO FOREIGNERS

EUROPEAN COMMISSION OPENS INFRINGEMENT PROCEDURE AGAINST BULGARIA OVER RESTRICTIONS AGAINST SELLING LAND TO FOREIGNERS
(15/04/2015)

Topics: Financial      

The European Commission said on March 26 that it had opened an infringement procedure against Bulgaria on what the commission termed investor restrictions for agricultural land. The announcement said that infringement procedures also had been opened against Hungary, Lithuania and Slovakia on the same grounds. Bulgaria has legislated restrictions on the sale of agricultural land to non-EU foreign individuals and companies, although the country recently backtracked on a provision for huge...


CONSTRUCTION WORKS AT BULGARIAN BLACK SEA COAST CAMPSITE TEMPORARILY STOPPED

CONSTRUCTION WORKS AT BULGARIAN BLACK SEA COAST CAMPSITE TEMPORARILY STOPPED
(15/04/2015)

Topics: Construction      

Construction works of a holiday village at campsite Yug (South) on Bulgaria’s Black Sea coast will be stopped temporarily over minor flaws in the documents, according to Regional Development Minister Lilyana Pavlova. Commenting on the freshly released photographs of concrete foundations of buildings laid at a distance of approximately 60-70 meters away from the beach, Pavlova said Tuesday that a check had shown that the property was located on private urbanized terrain. She told...


BULGARIA PM: INVESTMENTS IN VARNA TOP BGN 300 MLN

BULGARIA PM: INVESTMENTS IN VARNA TOP BGN 300 MLN
(15/04/2015)

Topics: Investments      

“You can no longer complain that the city of Burgas gets more help than Varna. There are more than BGN 300 million investments in the city,” Bulgarian Prime Minister Boyko Borisov said speaking during his visit to the coastal city of Varna, Radio FOCUS reported. The Prime Minister commented further that nothing significant had been done in the city for 30-40 years, which was seen in the needed repair works that were underway on key boulevards in Varna. Borisov added that there would be...



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All News Pieces: 1382



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