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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
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

Topics:

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

Topics:

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...


WEATHER IN BULGARIA PERFECT FOR MOUNTAIN TOURISM

WEATHER IN BULGARIA PERFECT FOR MOUNTAIN TOURISM

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/ )...


WESTINGHOUSE CONTINUES TALKS WITH BULGARIA ON KOZLODUY 7

WESTINGHOUSE CONTINUES TALKS WITH BULGARIA ON KOZLODUY 7

Topics:

Westinghouse Electric Company and the Bulgarian government are in talks to set a structure and timeline for their agreement to build a seventh reactor at the Kozloduy nuclear power plant. The discussions follow the expiry on 31 March of a shareholder agreement the US-based company signed with the previous government in August last year. Under that agreement, Westinghouse would be responsible for providing all of the plant equipment, design, engineering and fuel for the new unit. At that time,...


BULGARIA INVESTS EUR 1.8 BLN ABROAD FOR THE PAST 10 YEARS

BULGARIA INVESTS EUR 1.8 BLN ABROAD FOR THE PAST 10 YEARS

Topics:

Sofia. Bulgaria’s direct investments abroad amounted to EUR 162 million in 2014 and EUR 1.8 billion for the past 10 years, Investor.bg estimated based on Bulgarian National Bank’s data, Standart daily reads. Bulgarian investments abroad were 10.4% less in 2014 compared to 2013 and 3 times less than the peak of Bulgarian investments abroad in 2008. The volume of Bulgarian investments abroad is a few times smaller than the capital flows entering Bulgaria. Foreign direct investments (FDI) in...


ACCESSION TO THE SCHENGEN AREA IS A PRIORITY FOR BULGARIA AND CROATIA

ACCESSION TO THE SCHENGEN AREA IS A PRIORITY FOR BULGARIA AND CROATIA

Topics:

President Kolinda Grabar-Kitarovic thanked for Bulgaria of support for Croatia's membership in the EU and NATO. This became clear at a meeting between Bulgarian President Rosen Plevneliev who is paying an official visit to Croatia and President Kolinda Grabar-Kitarovic, the press secretariat of the head of state announced. Accession to the Schengen area is a priority for Bulgaria and Croatia, the two countries will join efforts to achieve this goal. President Plevneliev said that in 2010 the...


SOFIA IS AN EXAMPLE OF SUCCESSFUL MULTI-FINANCING: MINISTER FOR REGIONAL DEVELOPMENT

SOFIA IS AN EXAMPLE OF SUCCESSFUL MULTI-FINANCING: MINISTER FOR REGIONAL DEVELOPMENT

Topics:

Sofia. “Sofia is an example of successful multi-financing,” Minister for Regional Development and Public Works Lilyana Pavlova said during the EUROCITIES Forum, a reporter of FOCUS News Agency announced. "After Bulgaria's EU accession the Regional Development OP provided for resource of about BGN 400 million for integrated public transport. When we started to manage, yet we had no vision of how to do this. With the help of the European Commission was created a unit for integrated public...


NSI: BULGARIA'S EXPORTS TO THE EU INCREASED BY 16.7% IN JANUARY 2015 COMPARED TO THE SAME MONTH OF 2014

NSI: BULGARIA'S EXPORTS TO THE EU INCREASED BY 16.7% IN JANUARY 2015 COMPARED TO THE SAME MONTH OF 2014

Topics:

Sofia. In January 2015, Bulgaria's exports to the EU increased by 16.7% over the same month of 2014 and amounted to BGN 2.3 billion, according to statistics from the National Statistical Institute (NSI). Major trade partners of Bulgaria were Germany, Italy, Greece, Romania, France and Belgium, which form 70.0% of the exports to EU member countries. Bulgaria's imports from the EU in January 2015 increased slightly compared to the same month of 2014 and amounted at BGN 2.3 billion in CIF prices....


MAKING ALL INVESTMENTS SUSTAINABLE IS MY PRIORITY: SOFIA MAYOR

MAKING ALL INVESTMENTS SUSTAINABLE IS MY PRIORITY: SOFIA MAYOR

Topics:

Picture: Focus Information AgencySofia. “Over the past few years we developed measures to relief vehicular traffic, increase quality of public transport, and reduce harmful emissions.” That is what Sofia Mayor Yordanka Fandakova said at the opening of the EUROCITIES Forum in Sofia, a reporter of FOCUS News Agency announced. “This is great challenge for our capital city. Recently European mayors met in Paris. The problems are common and we must look for solutions together. A priority for me is...


SOFIA MUNICIPALITY WILL HOST EUROCITIES CONFERENCE

SOFIA MUNICIPALITY WILL HOST EUROCITIES CONFERENCE

Topics:

The EUROCITIES Forum will be 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...


EU FUNDING PROVIDED TO STARTUP COMPANIES

EU FUNDING PROVIDED TO STARTUP COMPANIES

Topics:

Companies should take advantage of EU finding under the new OP Innovations and Competitiveness as a means to start and develop their business and not rely on it permanently, said Economy Minister Bozhidar Lukarski in an interview with Bulgaria on Air. Following April 20 applications will be accepted under the first axis of the OP – Improvement of the Production Capacity of SMEs. The total funding earmarked under the axis is EUR 150 million, while the companies which fail to achieve the...


RESIDENTIAL BUILDINGS RENOVATED IN SECTIONS

RESIDENTIAL BUILDINGS RENOVATED IN SECTIONS

Topics: Construction

Large blocks of flats with numerous entrances will receive the right to be renovated in sections and not as whole buildings. This is one of the changes under preparation in the national building renovation programme, proposed by the National Association of Municipalities in the Republic of Bulgaria. So far the total number of registered associations of home owners is over 1,600. Over 600 applications for financing have been filed with the Bulgarian Development Bank (BDB) and over 370...


BGN 4.5 MN INVESTED IN RESTORATION OF ROMAN FORTRESS IN BULGARIA’S KYUSTENDIL: MAYOR (ROUNDUP)

BGN 4.5 MN INVESTED IN RESTORATION OF ROMAN FORTRESS IN BULGARIA’S KYUSTENDIL: MAYOR (ROUNDUP)

Topics: Tourism

Petar Paunov, Mayor of district centre Kyustendil commented, speaking for FOCUS News Agency on the restoration of the Roman fortress in the town and other topical matters. ”BGN 4.5 million was invested in the restoration of the Roman fortress in Kyustendil,” Mr Paunov said. ”In case there was a ready technical project, we managed it in only 6 and a half months owing to builders and their so far perfect work. Final work on infrastructure is to be done, namely fence elements and parking spaces...


BULGARIA’S PIROGOV HOSPITAL HOLDS BRIEFING (ROUNDUP)

BULGARIA’S PIROGOV HOSPITAL HOLDS BRIEFING (ROUNDUP)

Topics:

A briefing dedicated to the cases of patients admitted to the medical establishment during the Easter holidays over food and alcohol poisoning was held Monday at Pirogov hospital in the capital Sofia. Dr Kiril Hristov, surgeon at the second surgery clinic of the Pirogov hospital in the capital city Sofia, spoke at the event. ”During the holidays an aggressive patient aged about 70 was admitted to the Pirogov [hospital],” he said. ”He displayed verbal aggression. He complained upon being...


BULGARIA’S REGIONS, NATIONAL INFRASTRUCTURE DEVELOPMENT COUNCIL HOLDS SITTING IN SMOLYAN (ROUNDUP)

BULGARIA’S REGIONS, NATIONAL INFRASTRUCTURE DEVELOPMENT COUNCIL HOLDS SITTING IN SMOLYAN (ROUNDUP)

Topics:

Bulgarian President Rosen Plevneliev opened Tuesday the off-site sitting of the Regions and National Infrastructure Development Council with the President’s Office at the building hosting Smolyan Municipality. The sitting was themed “State policy on encouraging the economic activity in the poorly developed and disadvantaged regions in Bulgaria. Alternatives to the traditional productions”. The event was also attended by Deputy Prime Minister for EU Funds and Economic Policies Tomislav...


IT IS IMPORTANT WE TODAY FORMULATED SOME QUESTIONS TO BULGARIA’S SANS: MP AFTER SITTING ON CORPBANK CASE

IT IS IMPORTANT WE TODAY FORMULATED SOME QUESTIONS TO BULGARIA’S SANS: MP AFTER SITTING ON CORPBANK CASE

Topics:

"Information we discussed will be gathered and used entirely in formal matters. What is important is that we today formulated some questions to the State Agency for National Security (SANS)," said MP Desislava Atanasova, Chairperson of the parliamentary ad-hoc committee in charge of investigating the case of Corporate Commercial Bank (CorpBank), speaking after a sitting of the committee, which lasted for some 3 and a half hours, FOCUS News Agency reported. "The SANS Chairperson was here, as...


VELIZAR ENCHEV, FOUNDER OF “BULGARIAN SPRING” MOVEMENT: IT IS TIME FOR RADICAL BREAK WITH NEOLIBERAL POLICIES

VELIZAR ENCHEV, FOUNDER OF “BULGARIAN SPRING” MOVEMENT: IT IS TIME FOR RADICAL BREAK WITH NEOLIBERAL POLICIES

Topics:

Velizar Enchev has a degree in journalism from the Sofia University “St. Kliment Ohridski.” He was a correspondent of the Bulgarian National Television in former Yugoslavia in the period 1987 – 1993. He was Bulgaria’s Ambassador to Croatia in the period 1997 – 2002. After that Enchev was TV host of a broadcast of SKAT TV. He entered the 43rd National Assembly as MP from the Patriotic Front. After a scandal with one of the leaders of the coalition, Valeri Simeonov, Enchev left the parliamentary...


BULGARIA'S ENERGY MINISTER MULLS LEVYING ENERGY EXPORTS

BULGARIA'S ENERGY MINISTER MULLS LEVYING ENERGY EXPORTS

Topics:

Electricity generated for exports and for the domestic market should be equally levied with the "liabilities to society" tax, Bulgarian Energy Minister Temenuzhka Petkova has said. Petkova said in an interview with daily Standart that the current regime was working to the disadvantage of Bulgarian businesses, since their competitors from neighboring countries are able to purchase cheaper energy. For years Bulgaria has been selling electricity to neighbors with a per kW/h price that could...


CONSTRUCTION WORKS ALONG BULGARIA'S BLACK SEA COASTLINE CAUSE TURMOIL

CONSTRUCTION WORKS ALONG BULGARIA'S BLACK SEA COASTLINE CAUSE TURMOIL

Topics:

Construction works in the gulf of Coral, near camping South have started days prior to the Easter celebrations in Bulgaria. Two fundaments have been laid at a distance of approximately 60-70 meters away from the beach. In the words of environmental activists construction plans involve a mini village of 16 houses with a total surface of over 1,200 square meters. Representatives of the NGO Let's Save Coral have stated that construction in those territories is violation the law regarding...


BULGARIA’S INDEX OF PRODUCTION IN CONSTRUCTION UP 0.3% IN FEBRUARY

Topics:

According to the preliminary data of Bulgaria’s National Statistical Institute, in February 2015 the index of production in sector ‘Construction’ calculated on the base of seasonally adjusted data was 0.3% above the level of the previous month. In February 2015 working day adjusted data showed a decrease by 1.8% in the construction production, compared to the same month of 2014. In February 2015 the construction production, calculated from the seasonally adjusted data, was above the level of...



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