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 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
(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 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 Cafй.
He joined the broadcast for a brief discussion on his new book "Street Smarts:...
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...
“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...
Sofia. Bulgarian Deputy Minister of Agriculture and Food Tsvetan Dimitrov will take Monday part in seminars on direct payments in district centres Pernik and Kyustendil, the press centre of the ministry announced.
The seminar in Pernik is to start at 10:00 a.m. at Panorama Hall of the district administration building at 1B Saint Ivan Rilski Square, while the event in Kyustendil is set to begin at 2:00 p.m. at the hall on the second floor of the district administration building at 44...
Greek company that delayed the construction of Bulgaria’s Struma motorway in the section between Sandanski and Kulata is investigated for bribery in Greece. Macedonian Telma TV announced that authorities in Greece had launched an investigation on Aktor company for giving bribes to officials in Macedonia in order to win the contract on the construction of the Demir Kapija-Smokvica motorway.
“The Greek company has given bribes to officials in the Former Macedonian Republic of Macedonia...
Desislava Taneva, Bulgarian Minister of Agriculture and Food, is expected to take part Saturday in the information campaign aiming at explaining direct payments schemes in district centres Sliven and Yambol, the press centre of the ministry announced.
The meeting with agricultural producers in Sliven is scheduled to start at 11:00 a.m. at the Zora community centre at 1 Hadzhi Dimitar Square.
The meeting in Yambol is set to begin at 5:00 p.m. at the Tundzha Municipality building at 1...
President of the European Commission expected to visit Sofia on account of the opening of the new subway lineextension leading to the airport.
Juncker will probably come to Bulgaria either in late March or in early April. It is expected that all EU Commissioners will visit the country by the end of May, as announced by Bulgarian PM Boiko Borisov during the Council of Europe session in Brussels Friday.
''When they come, they can see how EU funding is being utilized, how hapy people are,''...
“I have the assurance of our partners that the construction of the Greece-Bulgaria interconnector will be financed with money under the EU funds and programmes. The forecasted price of the project, according to initial calculations, is around EUR 220 million,” Bulgarian Minister of Energy Temenuzhka Petkova said speaking with journalists after the sitting of the general commission on economy, infrastructure and energy of the Parliamentary Assembly of the South-East European Cooperation...
Tenders on the current renovation and maintenance of Bulgarian motorways Hemus and Trakiya's older segments are now launched.
The announcement was made by the Press Office of the State Agency Road Infrastructure.
The first procedure is regarding the maintenance and renovation works planned with regard to the severe weather conditions along the section of the Hemus motorway stretching 78,5 kilometers between Sofia and Yablanitsa.
The company chosen will also be in charge of the...
Tenders on the current renovation and maintenance of Bulgarian motorways Hemus and Trakiya's older segments are now launched.
The announcement was made by the Press Office of the State Agency Road Infrastructure.
The first procedure is regarding the maintenance and renovation works planned with regard to the severe weather conditions along the section of the Hemus motorway stretching 78,5 kilometers between Sofia and Yablanitsa.
The company chosen will also be in charge of the...
Tenders on the current renovation and maintenance of Bulgarian motorways Hemus and Trakiya's older segments are now launched.
The announcement was made by the Press Office of the State Agency Road Infrastructure.
The first procedure is regarding the maintenance and renovation works planned with regard to the severe weather conditions along the section of the Hemus motorway stretching 78,5 kilometers between Sofia and Yablanitsa.
The company chosen will also be in charge of the...
“Amendments to the Health Insurance Act aim at more efficient spending of the money in the healthcare sector,” said Dr Daniela Daritkova, MP with the Citizens for European Development of Bulgaria (CEDB) and chairperson of the parliamentary committee on health, speaking for Radio FOCUS.
“There should be no concerns about the division of the packages for medical services on major and additional ones because this guarantees that the rights of the health insured citizens will not be taken...
"We all realise the financial difficulties yet security has not price," said Bulgarian President Rosen Plevneliev, delivering at the plenary hall an address to the National Assembly, FOCUS News Agency reported.
The President summarised the results from his talks with the parliamentary political forces in the frames of the traditional Month of Political Consultations.
"Basic competences are needed for everyone. Quality education is a product of political agreement. The focus on decreasing...
Bulgaria’s Foreign Minister has re-affirmed Sofia’s goal to play a bigger role in the European energy sector, despite the cancellation of South Stream, the Russian gas pipeline that would have crossed Bulgaria on its way to other EU markets.
At a meeting with Bulgarian MEPs, Mitov said that the EU had an interest in Bulgaria’s proposal to build a gas hub – a plan put forth last year by Bulgarian Prime Minister Boiko Borissov after Russia scrapped the 63 billion cubic metres South...
Work on the Hemus and Trakia motorways will resume in March, when the winter road cleaning regime across the country is partially lifted, according to Lazar Lazarov, Chair of the Management Board of the Road Infrastructure Agency.
Lazarov told Pressa daily that the right lanes of the motorways had been completed in 2014 and traffic would be channeled through them so that the construction of the left lanes could start.
He explained that there had been no payments for work on the sites in...
According to preliminary data of the Bulgarian National Bank (BNB), foreign direct investment in Bulgaria recorded a net inflow of EUR 1.1816 B (2.8% of GDP) in January – December 2014, dropping by EUR 93.5 M (7.3%) from January – December 2013 (an inflow of EUR 1,275.1 M, 3.1% of GDP).
In December 2014 FDI grew by EUR 119.6 M, compared with an outflow of EUR 270 M in December 2013.
The equity capital (acquisition/disposal of shares and equities in cash and contributions in kind by...
Novinite.com is interviewing the ambassadors of EU member states, Bulgaria's main trading partners and neighbouring countries. Here we provide an interview with Spain's Ambassador to Bulgaria, H. E. Jose Luis Tapia.
H.E. Josй Luis Tapia Vicente, has a degree in Economic Science, and a Diploma of International Studies of the Diplomatic School. He was born on August 25, 1948, in Bйjar (Salamanca).
He began his diplomatic career in 1978, and has served in the Spanish diplomatic missions in...
Bulgaria posted a current account surplus equivalent to 0.9 percent of gross domestic product in the first eleven months of 2014, compared with a surplus of 2.9 percent in the same period last year, the central bank said on Friday.
For November alone, the current account showed a deficit of 90.5 million euros ($105.25 million), compared with a deficit of 38.7 million in the same period last year.
Foreign direct investment in the European Union member, stood at 1.22 billion euros, down from...
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 on December 15. In the same period of 2013, FDI was 1.31 billion euro (3.2 per cent of GDP), but the original amount reported by BNB last year was 1.05 billion euro, which was revised upward later.
The FDI statistics showed a marked decline in October, given that the central bank data showed investment...
Bulgaria's textile industry is expecting further growth in 2014, reports Standart daily, quoting Radina Bankova, head of the Bulgarian Association of Producers and Exporters of Garments and Textile.
Last year the sector posted an export growth of around 7-8%, reaching EUR 1.8 B – the highest since 2007. The turnover of the textile companies grew by 10%.
According to a survey of the Association, the growth in H1 2014 continues with a similar pace.
“We have no final statistics yet,...
This four-bedroom contemporary-style villa on the Black Sea in Bulgaria has views up and down the coastline for miles. Built in 2006 of brick and cement, the 4,500-square-foot house has a 13-by-26-foot swimming pool and sits on a half-acre lot terraced and landscaped with cypress trees, shrubs and rosebushes.
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The front door of the three-story villa opens to a foyer that leads to the open-plan...
Bulgaria? Why visit Bulgaria? Bulgaria is a beautiful country, with majestic mountains, sandy beaches, picturesque villages, good food, and hospitable people. And, it's incredibly affordable.
If you don't know anything about Bulgaria, here are ten reasons you should visit.
1. Roses - Bulgarian roses are not only stunningly beautiful, but a major export item as well. The petals reportedly produce as much as 85% of the world's rose oil, an essential ingredient in the production of perfumes....
The voting stations abroad for Bulgaria's nuclear referendum on Sunday to see the highest turnout were those in London and Brussels, with 424 votes cast in each, the Bulgarian Foreign Ministry.
A total of 20 of Bulgaria's voting stations abroad ended their electing day as of 8 pm EET on Sunday, in addition to another 17 stations, that had completed the voting earlier. A total of 2 625 Bulgarians cast their votes in the 20 stations in question.
A total of 327 Bulgarian citizens voted in...
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