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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
RUSSIA'S MECHEL ACQUIRES BULGARIAN HEATING UTILITY

RUSSIA'S MECHEL ACQUIRES BULGARIAN HEATING UTILITY

Topics:

Russian mining and steel conglomerate Mechel OAO has acquired another 51% stake in the heating and power plant in the Danube town of Russe, northern Bulgaria, boosting its interest to 100%. The Moscow-based company said the move will strengthen its position in the power industry and create development opportunities. Mechel paid EUR 52 M to boost its stake in the plant to 100% from 49% previously, the seller, Slovenia's Holding Slovenske Elektrarne (HSE), said on its...


GERMAN RETAILER LIDL STORMS BULGARIA LOW-END MARKET

GERMAN RETAILER LIDL STORMS BULGARIA LOW-END MARKET

Topics: Food and Beverage

German discount retailer Lidl opened its first stores in Bulgaria on Thursday morning, offering shockingly low prices, a move that will certainly heat up further the competition in the sector. The fourteen shops are located in eleven cities - Sofia, Plovdiv, Varna, Stara Zagora, Pazardzhik, Sliven, Kurdjali, Petrich, Montana, Lovech and Gabrovo. The investment totals EUR 100 M. The company plans to expand its operations in Bulgaria in the short term, bringing the total number of its...


DJANKOV EMPHASIZES IN LONDON BULGARIA'S QUEST FOR CHINESE INVESTORS

DJANKOV EMPHASIZES IN LONDON BULGARIA'S QUEST FOR CHINESE INVESTORS

Topics:

Bulgarian Deputy Prime Minister and Finance Minister Simeon Djankov has emphasized the plans and efforts of Bulgaria's government to attract large-scale investments from the People's Republic China. "China is the economy of the 21st century. We've seen growing interest from Chinese investors of coming to our region, specifically Bulgaria," Djankov said at the Bloomberg Businessweek European Leadership Forum in London, as cited by Bloomberg. Bulgaria's Finance Minister, a former senior...


UAE KEEN TO IMPORT BULGARIAN FOODUAE KEEN TO IMPORT BULGARIAN FOOD

UAE KEEN TO IMPORT BULGARIAN FOODUAE KEEN TO IMPORT BULGARIAN FOOD

Topics: Agriculture

The United Arab Emirates (UAE) are interested in the opportunity to import meat, diary products and fruits, Bulgarian Agriculture Minister Miroslav Naydenov informed. Naudenov announced that in Abu Dhaby, where he met Chief Executive Officer of the Emirates Investment Authority, Rashid Mubarak al-Mansouri. The Bulgarian Agriculture and Food Minister has invited the authority to visit Bulgaria in order to get acquainted with possible investment opportunities. Meanwhile, the Abu Dhabi...


BUSINESS BULGARIAN FREELANCERS OBTAIN GUARANTEES ON LABOR RIGHTS

BUSINESS BULGARIAN FREELANCERS OBTAIN GUARANTEES ON LABOR RIGHTS

Topics:

Bulgaria's trade unions, employers and the cabinet signed two agreements to regulate the rights of those who work from home and of freelancers. The agreements were concluded Wednesday at the Council of Ministers in the presence of Prime Minister, Boyko Borisov and the Minister of Social Policy and Labor, Totyu Mladenov. The agreements include a mandate for those working from home to have labor contracts, pay social security, and have years of service count towards retirement for freelance...


HEWLETT-PACKARD PICKED BULGARIA FOR NEW CENTER THANKS TO 'HISTORY OF SUCCESS, GOVT'

HEWLETT-PACKARD PICKED BULGARIA FOR NEW CENTER THANKS TO 'HISTORY OF SUCCESS, GOVT'

Topics: Software and Information Technology

US computer giant Hewlett-Packard picked Bulgaria for the construction of a new development and support center because of its history of success and the facilitating partnership of the government, says HP Director Public Sector for Central & Eastern Europe. "Bulgaria will remain a preferred European market for outsourcing and off-shoring services if the government sustains the competitive position of the country and the quality of the education system is good enough," Sasha Bezuhanova said...


MIDDLE EAST INVESTORS LURED BY BULGARIAN FARMING

MIDDLE EAST INVESTORS LURED BY BULGARIAN FARMING

Topics: Agriculture

The United Arab Emirates (UAE) and Saudi Arabia are interested in investing in Bulgaria's farming, Bulgarian Agriculture Minister, Miroslav Naydenov, informs. Naydenov made the statement Tuesday after talks with his Saudi counterpart, Dr Fahd bin Abdulrahman bin Sulaiman Balghunaim, and with the UAE Minister of Environment and Water, Dr Rashid Bin Fahd. According to the Bulgarian Minister, the two Arab countries want to finance various project in Bulgaria's grain and vegetable production...


DJANKOV FOR CNN: EUROZONE NEEDS COUNTRIES LIKE BULGARIA

DJANKOV FOR CNN: EUROZONE NEEDS COUNTRIES LIKE BULGARIA

Topics:

Bulgaria's finance minister has confirmed the government's revamped euro bid plans, saying in an interview for CNN that the eurozone needs countries with tight fiscal policies like Bulgaria. "The Bulgarian currency the lev has been tied to the euro since 1999, so in a way we are already in a situation where it is as if we have the euro. I frankly think the eurozone needs countries like Bulgaria with tight fiscal policies more than these countries need it," Djankov said in an interview for...


11 BULGARIAN INTERNET, TV PROVIDERS UNITE IN NATIONAL TELECOM

11 BULGARIAN INTERNET, TV PROVIDERS UNITE IN NATIONAL TELECOM

Topics: Software and Information Technology

At least 11 providers of Internet and cable television that operate on the territory of 40 Bulgaria cities and 110 towns and villages will merge into one company, called “Bulgarian Telecom and Television” (BTT). The companies that will be included in the new holding are Networks Bulgaria, Digital Communications, Escom, Icon, Telnet, CTV, Balchik Net, Optinet, Diana Cable TV, Powernet and BOL.bg. The new holding has announced that it would provide services to more than 150,000 users across...


AUSTRIA SHOWS INTEREST IN BULGARIA'S NUCLEAR PLANT PROJECT

AUSTRIA SHOWS INTEREST IN BULGARIA'S NUCLEAR PLANT PROJECT

Topics:

Austrian companies have shown interest in taking part in the project to build a second Bulgarian Nuclear Power Plant (NPP) in the Danube town of Belene. The information was reported Tuesday by Dr. Michael Angerer, Commercial Counsellor with Austrian Embassy in Bulgaria, during a conference dedicated to the competitiveness of Bulgaria's economy. Austrian businesses can become subcontracts in the construction, Angerer said, adding Austria is very interested and follows closely the...


BULGARIA’S ECONOMY MINISTER TO OPEN WORLD BANK FORUM

BULGARIA’S ECONOMY MINISTER TO OPEN WORLD BANK FORUM

Topics:

Bulgaria’s Economy Minister, Traicho Traikov, and the World Bank resident representative in Bulgaria, Markus Repnik, will open a forum, presenting a series of reports, in Sofia. The main topic of the World Bank forum “Better regulation for higher growth” will be connected to possibilities for improving the business environment in Bulgaria. Government officials, members of the European Commission, business associations and civil society will participate in the discussions. The forum...


WELCOME TO THE FUTURE: BULGARIA'S INDUSTRIAL ZONES - AND WHY CHINA IS INTERESTED IN THEM

WELCOME TO THE FUTURE: BULGARIA'S INDUSTRIAL ZONES - AND WHY CHINA IS INTERESTED IN THEM

Topics:

In June 2010, the Bulgarian government broke the news that it formally invited Chinese authorities and companies to set up and manage a joint industrial zone in Bozhurishte, right outside of Sofia, a development that can well be seen as revolutionary. The first ever industrial factory in the Ottoman Empire, a state spanning some 18 million square km, was opened in 1833 in Sliven by the Bulgarian entrepreneur Dobri Zhelyazkov. Yet, in spite of that and other industrial sparks in Bulgaria,...


US COMPANY CONFIRMS SIZEABLE SHALE GAS DISCOVERY IN BULGARIA

US COMPANY CONFIRMS SIZEABLE SHALE GAS DISCOVERY IN BULGARIA

Topics:

Some 300 B cubic meters of shale gas are lying untapped in central northern Bulgaria, Direct Petroleum manager for Bulgaria Kolyo Tonev has confirmed for Novinite.com (Sofia News Agency). The discovery was made in the fall by Direct Petroleum, a US company specializing in natural gas extraction with a Bulgarian branch. The deposit is in the so-called Etropole argillite formation and is estimated based on previous data and new sample drillings. According to Tonev, those older results were...


BULGARIAN-CHINESE INDUSTRIAL ZONE TO HOST BULGARIA'S 1ST HI-TECH PARK

BULGARIAN-CHINESE INDUSTRIAL ZONE TO HOST BULGARIA'S 1ST HI-TECH PARK

Topics:

The future industrial zone in Bozhurishte near Sofia, which is expected to be developed as Bulgarian-Chinese project, will be the site of the first ever high-technology park in Bulgaria, CEO of "National Company Industrial Zones" Kiril Nikolov told Novinite.com (Sofia News Agency). In an exclusive interview for Novinite.com, Nikolov made it clear that the project for an industrial zone at Bozhurishte to be managed jointly by the governments of Bulgaria and China's Zhejiang province is well...


BULGARIAN-GERMAN CENTER TO TRAIN TOURISM SECTOR STAFF

BULGARIAN-GERMAN CENTER TO TRAIN TOURISM SECTOR STAFF

Topics: Tourism

A Bulgarian-German center was officially opened Monday in the regional, southern city of Smolyan to be used for staff training, mainly for employees working in the tourism sector. The construction cost is BGN 2.5M. Experts will teach courses such as "Administration and Management," "Hotel, Restaurant Management and Catering," "IT Applications," "Food Technologies," and "Gardening." The facility includes a dormitory, hotel rooms, practice kitchen, seminar and lecture halls. There will...


US AMBASSADOR: BULGARIA'S RENEWABLE ENERGY LAW KEY FOR AES INVESTMENT PLANS

US AMBASSADOR: BULGARIA'S RENEWABLE ENERGY LAW KEY FOR AES INVESTMENT PLANS

Topics: Renewable Energy

Bulgaria's renewable energy legislation needs to be harmonized with EU laws in order to attract major foreign investors such as AES, US Ambassador in Sofia James Warlick told Novinite (Sofia News Agency). In an exclusive interview for the "Bulgaria-US Survey" of Novinite.com, Warlick pointed out that the Bulgarian Parliament must focus on harmonizing the country's Renewable Energy Sources Act with other EU countries. In the recent months American energy giant AES, which already made...


GERMAN DISCOUNT RETAILER ALDI EYES BULGARIAN MARKET

GERMAN DISCOUNT RETAILER ALDI EYES BULGARIAN MARKET

Topics: Food and Beverage

German discount supermarket Aldi, known for its aggressive price policy, is considering the possibility of stepping on the Bulgarian market, according to local media reports. The company has registered a subsidiary in Bulgaria through its Austrian chain, branded as Hofer, Trud daily reported. The news comes just days before German discount retailer Lidl opensits first stores in Bulgaria on November 25 2010 in a move that will heat up further the competition in the sector. The shops...


NOVINITE.COM LAUNCHES ITS 'BULGARIA-US' SURVEY

NOVINITE.COM LAUNCHES ITS 'BULGARIA-US' SURVEY

Topics:

Bulgaria's largest English-language media, Novinite.com (Sofia News Agency), is launching the new edition of its 'International Surveys', dedicated to the relations between Bulgaria and the USA (READ HERE). The ''American Survey" of Novinite.com is opening with exclusive statements and interviews with US Ambassador to Bulgaria, His Excellency Mr. James Warlick, and Bulgarian Ambassador to the USA, Her Excellency Mrs. Elena Poptodorova, dedicated specially to Novinite's project. Each day...


COUNCIL OF EUROPE DEV BANK OKS EUR 25 M FOR BULGARIA'S SME

COUNCIL OF EUROPE DEV BANK OKS EUR 25 M FOR BULGARIA'S SME

Topics:

The Administrative Council of the Council of Europe Development Bank has approved two projects in Bulgaria, aimed at providing financing for SMEs in order to promote job creation and growth. The first project is worth EUR 20 M with the Bulgarian Development Bank (BDB) and will make long-term resources available for productive investments by private entrepreneurs. The other is worth EUR 5 M with the Societe Generale Expressbank and aims to facilitate access to bank credit for SMEs. The...


BULGARIA TO LAUNCH 15 ROAD RECONSTRUCTION BIDS

BULGARIA TO LAUNCH 15 ROAD RECONSTRUCTION BIDS

Topics: Construction

Bulgarian authorities will launch 15 tenders for repairs in its notorious road network before the end of November. The bids will concern second- and third-degree roads accross the country and are part of the second stage of the infrastructure campaign of the government that is to be executed using BGN 240 M under the Regional Development Operational Programme. The terms of the contract will be 4-10 months, while repairs are planned to start April. The head of the Road Infrastructure...



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