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Invest Bulgaria News Directory

(1394 Stories Found)

  FEATURED NEWS    
BULGARIA DELAYS EURO ADOPTION BY TWO YEARS AT LEAST

BULGARIA DELAYS EURO ADOPTION BY TWO YEARS AT LEAST
(13/07/2012)

Topics:

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 toward the switchover in the next two years," Simeon Djankov told reporters in Vienna on Thursday. The statement is in line with the opinion of local analysts, who have tried to tone down the cabinet's enthusiasm for adopting rapidly the common European currency, saying it makes more sense for the...


BULGARIA'S FDI UP FOR THE PERIOD JAN-MAY 2012

BULGARIA'S FDI UP FOR THE PERIOD JAN-MAY 2012
(16/07/2012)

Topics:

Bulgaria has registered an increase in its foreign direct investment in January-May 2012 year-on-year, according to the latest data of the Bulgarian National Bank released on Monday. According to the Bulgarian National Bank's preliminary data, the foreign direct investment in Bulgaria for January - May 2012 increased by EUR 473.8 M (1.2% of GDP), compared to an increase of EUR 72.2 million (0.2% of GDP) for January – May 2011. Bulgaria's attracted Equity Capital (acquisition/disposal of...


BULGARIA'S CURRENCY BOARD IS SUPER STABLE
(12/01/2013)

Topics:

Bulgaria's Currency Board Is Super Stable (Sofia, Jan 12) - "The currency board functioning in Bulgaria is super-stable," the monthly analysis of Raiffeissen Bank Bulgaria reads. The experts have calculated that at the end of November 2012 the currency board's reserves amount to 15.1 billion euro, which is an increase by 2.2 million euro from a month ago. The board's reserves have increased by 1.9 billion euro (14.4%) year-on-year, which is a surplus of about 89% to the minimum...


WALL STREET LEGEND JIM ROGERS MULLS INVESTING IN BULGARIA

WALL STREET LEGEND JIM ROGERS MULLS INVESTING IN BULGARIA
(14/04/2015)

Topics:

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 countries, in which he is considering investing right now, since they have made the most improvement since his latest trip around the world, the billionaire, currently based in Singapore, said in an interview for Gold Radio Caf?. He joined the broadcast for a brief discussion on his new book "Street Smarts:...


ITALIAN COMPANIES TO JOIN PRIVATIZATION PROJECTS IN BULGARIA – ECONOMY MINISTER

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

Topics:

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...


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:

“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...




MORE STORIES
BULGARIAN STATE TO INVEST EUR 2.5 B IN CONSTRUCTION 2011

BULGARIAN STATE TO INVEST EUR 2.5 B IN CONSTRUCTION 2011

Topics: Construction

Bulgaria's construction sector will have about BGN 5 B (EUR 2,5 M) from the state on public procurement projects during 2011, according to Minister of Regional Development Rosen Plevneliev. This is the combined amount of funds from the Ministries of Transport, of Environment, of Regional Development, as well as from local authorities and EU operative programmes, stated Plevneliev at the opening of the new acaemic year in the University of Architecture in Sofia. Plevneliev once again...


BULGARIA, ROMANIA KICK OFF CROSS-BORDER TOURISM PROJECT

BULGARIA, ROMANIA KICK OFF CROSS-BORDER TOURISM PROJECT

Topics: Tourism

A cross-border project to improve and popularize tourist opportunities in north-east Bulgaria / south-east Romania is starting, reported local authorities at General Toshevo. The project is worth EUR 1.5 M and is joint between General Toshevo in Bulgaria and Negru Voda in Romania. Both towns are in comparatively remote areas of the neighboring countries in the historic Dobrudzha region. The project aims at developing a joint tourist potential for the two municipalities in improving...


MINISTER EAGER TO HAVE US REVIVE BULGARIA'S DEFENSE INDUSTRY

MINISTER EAGER TO HAVE US REVIVE BULGARIA'S DEFENSE INDUSTRY

Topics:

Defense Minister Anyu Angelov has expressed strong support for his colleague, Economy Minister Traikov, who invited US companies to consider investments in Bulgarian military plants. Earlier on Sunday, it was announced that Traikov, who is in the US, had invited Boeing to study the opportunities for the privatization of the ailing Bulgarian military industrial giant VMZ Sopot. He also invited Motorola to establish a partnership with the Bulgarian government in the field of...


CATERPILLAR TO OPEN COMMERCIAL OFFICE IN BULGARIA

CATERPILLAR TO OPEN COMMERCIAL OFFICE IN BULGARIA

Topics: Construction

One of the world's largest manufacturers of construction and mining equipment, engines and turbines, the US company Caterpillar, is going to open a trading office in Bulgaria. This has been agreed during a meeting between Bulgarian Economy Minister Traicho Traikov and two of the Vice Presidents of Caterpillar, Tana Utley and Gregory Folly. Traikov, who is on a several-day visit to Canada and the United States, has had a busy schedule. His meeting with the Caterpillar managers focused...


ECONOMY MINISTER LURES BOEING, MOTOROLA TO BULGARIA

ECONOMY MINISTER LURES BOEING, MOTOROLA TO BULGARIA

Topics:

Bulgaria's Economy Minister, Traicho Traikov, has had important meetings in the USA including with Boeing, Motorola, and the Federal Reserve Bank of Chicago Bank among others. During talks with Boeing's top management, Traikov, who is on a several-day visit to the United States, invited the company to research opportunities for outsourcing in Bulgaria, and for taking part in the privatization of VMZ Sopot, a currently ailing military manufacturing plant which used to be one of Bulgaria's...


SOFIA OFFICE MARKET VACANCY RATE TO HIT 25% END-2010

SOFIA OFFICE MARKET VACANCY RATE TO HIT 25% END-2010

Topics: Real Estate

The vacancy rate of office space in Sofia is expected to rise up to 26-27% by the end of the year with the opening of new buildings, real estate consultancy Regent's Property Advisors forecasts. Adding a significant amount of new offices to the market, the vacancy rate during the first half of the year reached levels of 22% of total stock, equaling to 253,000 sqm, data of the company shows. The largest share of the empty offices still remains in the suburban areas of the city, but the...


BULGARIA CONFIRMS TO EYE INVESTOR FOR STOCK EXCHANGE

BULGARIA CONFIRMS TO EYE INVESTOR FOR STOCK EXCHANGE

Topics:

The increase of the Bulgarian government's share in the country's only stock exchange will lead to the sale of its majority stake to an industry investor, the bourse's executive director has admitted, confirming recent speculations. Bulgaria raised the state's stake in the Balkan country's stock exchange as it prepares to sell its majority to an industry investor and offer the rest to the public, said Ivan Takev, the bourse's executive director, said in an interview for Bloomberg...


BULGARIA MUSHROOMING MALLS TOP EU LIST

BULGARIA MUSHROOMING MALLS TOP EU LIST

Topics:

Bulgaria ranked first in the European Union in the number of new shopping malls in the first half of the 2010, a report by Cushman and Wakefield consultancy showed. While in most EU member-states the number of malls is on the slide due to the global economic crisis, their construction has accelerated in Bulgaria, marking a nearly 90% increase over one year. A similar trend is also witnessed in other Balkan states - Bosnia&Herzegovina, Romania, Slovenia, Serbia and Croatia - but the growth...


BULGARIAN TEXTILE INDUSTRY UP BY 18-22% FOR 2 MONTHS

BULGARIAN TEXTILE INDUSTRY UP BY 18-22% FOR 2 MONTHS

Topics: Textile

Representatives of the Bulgarian textile industry have stated they have been overwhelmed with orders and they had to turn down some of them due to lack of capacity. The Bulgarian Association of Apparel and Textile Producers and Exporters has forecast a strong season and is expecting revenues, comparable to those of 2008, the Bulgarian National Radio has reported. The VP of the Association, Bertram Rollmann, has stated that the orders in the sector increased by 18-22% for the past two...


9 BANKS IN BULGARIA TO REFINANCE LOANS FOR AGRICULTURE MACHINERY

9 BANKS IN BULGARIA TO REFINANCE LOANS FOR AGRICULTURE MACHINERY

Topics: Agriculture

Nine commercial banks will participate in a scheme for refinancing of credits for the purchase of agricultural machinery, which will begin operating from September 20, the Bulgarian Agriculture Fund announced. The Agriculture Fund has signed contracts with DSK Bank, United Bulgarian Bank, First Investment Bank, Raiffeisen Bank, MKB Unionbank, Tokuda Bank, UniCredit Bulbank, Central Cooperative Bank and Teximbank. The fund has envisioned BGN 40 M for farmers who have applied for free...


BULGARIAN ECONOMY MINISTER WOOS INVESTORS IN CANADA

BULGARIAN ECONOMY MINISTER WOOS INVESTORS IN CANADA

Topics:

Bulgarian Minister of Economy and Energy Traicho Traikov is on official visit to Canada, where he took part in the 21st World Energy Congress in Montreal. Traikov met both Canadian senior state officials and high-ranking business representatives in the fields of energy, engineering and electronic industry, and transport from a number of countries. Among the top topics discussed was the Belene NPP project, which was discussed among others with Areva Group's CEO Anne Lauveregeon. Talks...


BULGARIA EYES 2.5% BUDGET DEFICIT FOR 2011

BULGARIA EYES 2.5% BUDGET DEFICIT FOR 2011

Topics:

Bulgaria aims to have a budget deficit of 2.5% of gross domestic product and a growth of 3.6% in 2011, according to a budget draft, cited by reports. In June, the center-right cabinet revised the state budget increasing its 2010 target for deficit to 4.8% of GDP on a cash basis and 3.9% of GDP under EU accounting rules, far wider than initial estimates. The center-right government dropped its plans for applying for ERM II after raising the alarm that the 2009 budget gap was 3.7% of gross...


RUSSIA'S URAL AIRLINES TO LAUNCH YEKATERINBURG-SOFIA ROUTE

RUSSIA'S URAL AIRLINES TO LAUNCH YEKATERINBURG-SOFIA ROUTE

Topics:

The Russian Ural Airlines has announced it will start executing weekly flights from Yekaterinburg to Sofia from October 1, the Russian news agency ITAR-TASS reported. The Bulgarian Council in the Russian city of Yekaterinburg, Plamen Petkov, has announced that the launch of the route Yekaterinburg-Sofia had a connection with the fact that the number of visas issued by the Bulgarian Embassy from the beginning of the year has increased by 60%. "This is mainly due to the increased tourist...


BULGARIA'S REVENUE AGENCY TO SELL SEIZED PROPERTIES

BULGARIA'S REVENUE AGENCY TO SELL SEIZED PROPERTIES

Topics: Real Estate

The Bulgarian National Revenue Agency (NAP) has announced tenders in some cities for properties that have been seized. The NAP office in the Bulgarian Black Sea city of Burgas has announced that it is selling a sauna, gym, cafe, underground garage, three apartments and two studios, all located in the Bansko resort. The properties have been owned by a construction company from the Black Sea city of Nessebar, which has a debt of more than BGN 2 M to the National Revenue Agency (NAP). The...


BULGARIAN CONSTRUCTION CO WINS BID FOR SOFIA BELTWAY

BULGARIAN CONSTRUCTION CO WINS BID FOR SOFIA BELTWAY

Topics:

Bulgaria's top construction company "Glavbolgarstroy" will continue to build the southern loop of Sofia's beltway. The company's bid for the 2.14-km section between the "Simeonovsko Shosse" boulevard and the "Mladost 4" district was the lowest among a total of 11 offers. "Glavbolgarstroy" is prepared to build the road for BGN 37 000 B without Value Added Tax (VAT), which is 35% less than the estimated price of BGN 56 M without VAT of the State Road Agency. Out of the 11 bidders, 5 made...


BULGARIA'S M-TEL ACQUIRES 2 INTERNET COMPANIES

BULGARIA'S M-TEL ACQUIRES 2 INTERNET COMPANIES

Topics: Software and Information Technology

The leading Bulgarian operator Mobiltel has signed pre-arrangements for the acquisition of two Bulgarian cable operators, Megalan Network and Spectrum Net. The price of the merger is about EUR 70 M. The deal is expected to be finalized after approval by the Competition Protection Commission. M-Tel, which is part of Telecom Austria Group, will acquire 100% of the two Internet providers. However, both companies will continue to work independently for a period of about 18 months. "This is...


BULGARIAN PRESIDENT WOOS CHINESE NUCLEAR ENERGY FUNDING

BULGARIAN PRESIDENT WOOS CHINESE NUCLEAR ENERGY FUNDING

Topics:

Bulgarian President Georgi Parvanov and the Governor of the Chinese province of Guangdong Wang Yang discussed opportunities for Chinese investment in Bulgarian nuclear energy. Mr. Wang Yang is on an official visit to Bulgaria to discuss possible Chinese investment in the country. The southern Guangdong province is China's most populous and, once rural and underdeveloped, now boasts the highest GDP of the People's Republic for 2009, totaling USD 572 B. Last week the Guangdong city of...


CLEVES ACQUIRES MAJOR NEW LUXURY APARTMENT PROJECT IN SOFIA

CLEVES ACQUIRES MAJOR NEW LUXURY APARTMENT PROJECT IN SOFIA

Topics: Real Estate

Cleves, the luxury Sofia apartment rental company, has acquired an outstanding new building in the Iztok borough of Sofia with 34 apartments and a Class A suite of offices. The building is part of the Este Home and Spa project developed by Este Properties EOOD. The Cleves deal is valued at EUR 10 M. This is the company's fifth acquisition in Sofia. Cleves already has a Sofia rental portfolio of 57 apartments. Cleves Este – as it will be known – is at 28G Samokov Blvd, Iztok. Newly...


D-LINK TO LAUNCH INTERNET TV BOX IN BULGARIA IN NOVEMBER

D-LINK TO LAUNCH INTERNET TV BOX IN BULGARIA IN NOVEMBER

Topics: Software and Information Technology

Taiwanese hardware maker D-Link announced it has decided to go for an international launch of its Internet TV box in a number of countries, including Bulgaria. Boxee Box allows customers to play what they normally watch on the computer on their TV, tailor the Internet experience to a huge flat screen, do it in full HD, 1080p with 5.1 surround whenever possible, share the stuff with friends and use a simple remote rather than a keyboard and mouse. D-Link said that the Intel based hardware...


EVN STARTS CONSTRUCTION OF NEW ELECTRIC, HEATING PLANT IN BULGARIA

EVN STARTS CONSTRUCTION OF NEW ELECTRIC, HEATING PLANT IN BULGARIA

Topics:

Bulgaria's Prime Minister Boyko Borissov and Lower Austria Chancellor Erwin Proell broke ground Monday for a new co-generation facility in Plovdiv, Southern Bulgaria. The new electric and heating power plant will be constructed by Bulgaria's Austrian-owned power utility EVN EVN Bulgaria near the Plovdiv North Heating Plant. "Bulgaria has to take full advantage of the fact that it is situated on international crossroads to attract investments in infrastructure," stated Borisov...



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All News Pieces: 1385



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