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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
AWARDS BESTOWED TO WINNERS OF 'BULGARIA'S MIRACLES' CONTEST

AWARDS BESTOWED TO WINNERS OF 'BULGARIA'S MIRACLES' CONTEST

Topics: Tourism

March 9 is to be declared the Day of Bulgaria's Miracles, it was announced during the award ceremony for the winners of the Bulgaria's Miracles contest. The initiative belongs to the Bulgarian daily "Standart." The ceremony was held Wednesday evening at the National History Museum under the patronage of Prime Minister, Boyko Borisov. The guests included politicians, intellectuals and journalists. Each of the 10 awarded miracles received financing in the amount of BGN 1 M while the cabinet...


FINNISH INVESTMENT TO MAKE BULGARIA WORLD'S TOP SKI PRODUCER

FINNISH INVESTMENT TO MAKE BULGARIA WORLD'S TOP SKI PRODUCER

Topics: Tourism

Bulgaria will be making between 15% and 20% of the total annual production of ski in the world thanks to the investment in a local factory by Finnish company Amer Sports. On Monday, world ski producer, Finnish company Amer Sports, received a "Class A" investor status from the Bulgarian government for its project to expand the ski factory in Bulgarian mountain resort Chepelare. Bulgarian Economy Minister Traicho Traikov presented Stefan Leberbauer, a senior executive of Amer Sports, with...


BULGARIA STARTS PLAN TO EXTEND LIFE OF KOZLODUY NUCLEAR REACTORS

BULGARIA STARTS PLAN TO EXTEND LIFE OF KOZLODUY NUCLEAR REACTORS

Topics:

Bulgaria's government has initiated a formal plan to extend the life of the only two operational nuclear reactors in the country located in the Kozloduy NPP. "There is a plan for extending the life of Unit 5 and Unit 6 in Kozloduy," announced MP Martin Dimitrov from the rightist opposition Blue Coalition, who is the chair of the Parliamentary Committee on energy. Dimitrov revealed on Tuesday that the plan for the Kozloduy NPP was handed to him by Minister of Economy, Energy, and Tourism...


LUKOIL EYES WIND, SOLAR ENERGY PLANTS IN BULGARIA, ROMANIA

LUKOIL EYES WIND, SOLAR ENERGY PLANTS IN BULGARIA, ROMANIA

Topics: Renewable Energy

Russian oil company Lukoil wants to build wind and solar energy plants in Bulgaria and Romania, according to company representative Vasily Zoubakine. The company is interested in both new projects and in acquiring existing ones. The plans for the new energy plants are expected to be ready by the end of 2011 when negotiations with local partners can begin, Zaoubakine told RIA Novosti. "As Russia did not have a system to support energy alternatives, the Lukoil investments are focused...


BULGARIAN EMPLOYERS OPTIMISTIC ABOUT JOB OPPORTUNITIES

BULGARIAN EMPLOYERS OPTIMISTIC ABOUT JOB OPPORTUNITIES

Topics:

One of every four Bulgarian employers is planning new job openings in the second quarter of 2011, a poll of the Manpower human capital agency reveals. The study, which included 746 Bulgarian employers, shows that in the second quarter of the year employment rate will improve in a number of sectors such as industry, finance, public and social services, hotels and restaurants, and retail. Only 10% of those polled have intentions to reduce the number of their workers with the net indicator...


'BULGARIA BUILDING WEEK' TO FEATURE 310 INTERNATIONAL COMPANIES

'BULGARIA BUILDING WEEK' TO FEATURE 310 INTERNATIONAL COMPANIES

Topics: Construction

More than 310 international companies will present new and original solutions in the sphere of modern construction during the 11th edition of "Bulgaria Building Week". The event will be open Tuesday at the Inter Expo Center in Sofia and will continue until March 12. The exhibitions will feature not only Bulgarian, but also companies from 30 countries, including Germany, Italy, Turkey, the UK, Greece, Belgium, China, the USA, Poland, Austria and Portugal. The event will also include the...


BULGARIA'S INDUSTRIAL PRODUCTIUON UP BY 9.3% Y/Y JANUARY 2011

BULGARIA'S INDUSTRIAL PRODUCTIUON UP BY 9.3% Y/Y JANUARY 2011

Topics:

Bulgaria's seasonally adjusted Industrial Production Index increased by 9.3% year on year in January 2010, according to the country's National Statistical Institute. In January 2011, the working day - adjusted Industrial Production Index rose by 3.2%, as compared to December 2010. As compared to December 2010, the seasonally adjusted Industrial Production Index in manufacturing in Bulgaria increased by 18.7%, while decreases by 1.5% were registered. in the mining and quarrying industry...


BULGARIAN FINMIN PRESENTS STABILITY PACT IN WASHINGTON

BULGARIAN FINMIN PRESENTS STABILITY PACT IN WASHINGTON

Topics:

Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, delivered a public lecture Friday evening at The Heritage Foundation in Washington DC. The Minister, who is on an official trip to the US, also attended the reception at the Bulgarian Embassy on the occasion of the country's national holiday. Djankov was introduced to The Heritage audience by Bulgarian Ambassador to Washington, Elena Poptodorova, and the Director the Center for International Trade and Economics at The...


WESTINGHOUSE SHOWS RENEWED INTEREST IN BULGARIA'S NUCLEAR PLANT

WESTINGHOUSE SHOWS RENEWED INTEREST IN BULGARIA'S NUCLEAR PLANT

Topics:

US company Westinghouse has showed renewed interested in investments in Bulgaria's only operational nuclear power plant Kozloduy, according to Minister of Economy, Energy, and Tourism Traicho Traikov. While on a state visit in Spain over the weekend, Traikov met with Jose Gutierrez, CEO and Vice President for Southern Europe of the US energy giant Westinghouse. Traikov was in Madrid as part of a delegation led by Bulgarian Prime Minister Boyko Borisov. Westinghouse has declared interest...


PM BORISOV URGES SPANISH ENTREPRENEURS TO INVEST IN BULGARIA

PM BORISOV URGES SPANISH ENTREPRENEURS TO INVEST IN BULGARIA

Topics:

Bulgaria's PM Boyko Borisov has urged Spanish entrepreneurs to invest in Bulgaria because of the good conditions it provides. Borisov is leading the Bulgarian delegation, which is on a three-day visit to Spain. At a forum on economics and investments, organized by the Spanish Confederation of Employers' Organizations (CEOE), the prime minister presented different options for development of different businesses in Bulgaria. "We are very fast and very flexible. Form a large business...


SPANISH FIRM WANTS TO BUY PART OF BULGARIA'S BANKRUPT STEEL MILL

SPANISH FIRM WANTS TO BUY PART OF BULGARIA'S BANKRUPT STEEL MILL

Topics:

A Spanish consortium has expressed interest in buying "parts" of what used to be Bulgaria's largest steel-maker Kremikovtzi, Bulgarian Economy Minister Traicho Traikov announced in Madrid. Traikov was in Madrid on Friday as part of a Bulgarian government delegation to Spain led by Prime Minister Boyko Borisov. The firms from the Spanish consortium SHP-Advisers have declared readiness to apply for EU funding for an EUR 20 M project for "the re-cultivation of the terrain" on which...


BULGARIA OFFERS PLOVDIV AIR CARGO TERMINAL, RUSE AIRPORT ON CONCESSION

BULGARIA OFFERS PLOVDIV AIR CARGO TERMINAL, RUSE AIRPORT ON CONCESSION

Topics:

The Bulgarian government has started procedures for finding private operators of the cargo terminal of the southern Plovdiv Airport, and of the civilian airport Shtraklevo near the Danube city of Ruse. The main purpose of the concession in Plovdiv is to increase the activity of the airport, to attract more air traffic and to develop competitive commercial activities regarding mostly cargo processing. The second concession aims at restoring the activity of the Ruse Airport, at reaching...


BULGARIAN FINMIN STRESSES FISCAL DISCIPLINE AT HARVARD, PROMOTES OWN BRAINCHILD

BULGARIAN FINMIN STRESSES FISCAL DISCIPLINE AT HARVARD, PROMOTES OWN BRAINCHILD

Topics:

Strict rules ensuring financial stability do not limit politicians but discipline them, Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, said during his public lecture at Harvard University in the US. Djankov stressed the need of principles for fiscal discipline, backed by the law during his lecture at the Harvard Kennedy School of Government, as cited by the press service of the Bulgarian Finance Ministry. The Bulgarian Finance Minister has used the opportunity to...


BULGARIA MOVES TO BOOST 'ROLLING HIGHWAY' TRUCK-RAIL FREIGHT TRAFFIC

BULGARIA MOVES TO BOOST 'ROLLING HIGHWAY' TRUCK-RAIL FREIGHT TRAFFIC

Topics:

Bulgaria's government is going to reduce substantially the fees for the transport of trucks by railway in order to encourage the use of the so called "Rolling Highway" transport. The government press service announced that the Cabinet intends to cut in half the amounts charged for transporting trucks by rail collected by the National Company Railway Infrastructure. The idea of the Cabinet is to stimulate the combination of the truck and railway transport of goods. The measure will refer...


BULGARIAN TOBACCO GIANT WITH BGN 20 M NET PROFIT BEFORE PRIVATIZATION

BULGARIAN TOBACCO GIANT WITH BGN 20 M NET PROFIT BEFORE PRIVATIZATION

Topics:

Bulgaria's state cigarette maker Bulgartabac Holding, which is about to be privatized, completed 2010 with a net profit of BGN 20 M. The company's financial performance was announced in a statement in which its management also said that the profit "confirms the consistent trend of positive financial results." Bulgartabac's 2010 profit is 16.5 times larger than it was in 2009. The consolidated income from cigarette sales grew 22% year-on-year. In 2010, 80% of the produce of Bulgartabac...


BULGARIA TO OFFER PLOVDIV AIR CARGO TERMINAL, RUSE AIRPORT ON CONCESSION

BULGARIA TO OFFER PLOVDIV AIR CARGO TERMINAL, RUSE AIRPORT ON CONCESSION

Topics:

Bulgaria's Cabinet is going to start procedures for finding private operators of the cargo terminal of the southern Plovdiv Airport, and of the civilian airport Shtraklevo near the Danube city of Ruse. The concession procedures for the two airports are on the agenda of the Cabinet's meeting on Wednesday. While there was investor interest in the cargo terminal of the airport in the southern city of Plovdiv a couple of years ago, it remains unclear if the government's motion will generate...


BULGARIA STARTS 2010 WITH MONTHLY DEFICIT OF BGN 477 M

BULGARIA STARTS 2010 WITH MONTHLY DEFICIT OF BGN 477 M

Topics:

Bulgaria registered a monthly budget deficit of BGN 477.3 M on cash basis in January 2011, according to latest data of the Finance Ministry. The monthly deficit was formed by putting together the deficit of BGN 394.7 M from the consolidated fiscal program of the state budget, and a deficit of BGN 82.6 M in Bulgaria's EU-transactions (i.e. its contribution to the EU budget vs. the absorbed EU funds.) The BGN 477.3 M deficit in January 2011 is still a minor improvement on an annual basis as...


MAJOR INTERNATIONAL BANKS TO ENTER BULGARIAN MARKET

MAJOR INTERNATIONAL BANKS TO ENTER BULGARIAN MARKET

Topics:

Major international banks have submitted notifications of intent to work in Bulgaria to the Bulgarian National Bank. A total of 190 credit institutions have expressed interest in entering the Bulgarian market, according to the 24 Chasa daily; 18 of them, including 16 banks, have already notified the BNB that they want to operate in Bulgaria. The list of major international credit institutions considering the Bulgarian market includes JP Morgan, Goldman Sachs Europe, Barclays Bank,...


EUR 40 M OFFICE COMPLEX, HILTON GARDEN INN TO BE BUILT IN SOFIA

EUR 40 M OFFICE COMPLEX, HILTON GARDEN INN TO BE BUILT IN SOFIA

Topics: Real Estate

A new office complex with a Hilton Garden Inn hotel will be opened in Bulgaria's capital Sofia in the third quarter of 2011, according to reports. About EUR 40 M will be invested in the BLU Offices & Hilton Garden Inn complex, reported Bulgarian business news site investor.bg citing IHM OOD, the investor in the new development. The new office and hotel complex will be located on the Brussels Blvd very close to the Sofia International Airport. The first Hilton Garden Inn-branded hotel in...


BULGARIAN FINANCE MINISTER TO LECTURE AT HARVARD

BULGARIAN FINANCE MINISTER TO LECTURE AT HARVARD

Topics:

Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, is giving Monday a lecture at Harvard University dedicated to the country's financial stability. The information is reported by the Bulgarian Finance Ministry press center. Djankov is on a working visit to the US which will conclude on March 6. The Minister will also meet Harvard professors, the University leadership and Bulgarian college students from the Boston area. Other events in Djankov's US agenda will...



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