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INVEST BULGARIA INVESTMENT NEWS: (1392 stories found)

BULGARIA DOUBLES ELECTRICITY EXPORT IN 2010

BULGARIA DOUBLES ELECTRICITY EXPORT IN 2010
(11/12/2010)

Topics: Business      

Bulgaria has marked a record high of sales of electricity abroad in 2010, doubling the amount sold for the previous year. For 2010, Bulgaria will have exported 7500 GWh, while the amount for 2009 was 3700 GWh, announced the National Electric Company (NEK) Saturday. The levels of electricity export for 2011 are previewed to be similar to those for 2010, said NEK president Krasimir Parvanov. He added that Bulgaria has the ambition to become the undisputed leader in the exportation of...


ECONOMY MINISTER: BULGARIAN WINTER TOURIST SEASON WILL BE STRONG

ECONOMY MINISTER: BULGARIAN WINTER TOURIST SEASON WILL BE STRONG
(11/12/2010)

Topics: Business      Tourism

Bulgaria's 2010/11 winter tourist season will be stronger than the last one, according to Minister of Economy Traicho Traikov. Traikov, who is also responsible for Bulgaria's tourism, stated for Darik Radio Saturday that he expects an at least 3% increase in revenue, with some operators even expecting a 10% increase. The Bulgarian minister commented that the country expects guests from all over Europe, including neighboring countries like Greece, Macedonia and especially...


MAJOR TV CHANNELS TO AIR REPORTAGES ON BULGARIA TOURISM

MAJOR TV CHANNELS TO AIR REPORTAGES ON BULGARIA TOURISM
(10/12/2010)

Topics: Business      Tourism

The major TV channels National Geographic, Eurosport and Euronews is sending TV crews to Bulgaria to shoot reportages on tourism in the country, the Bulgarian Economy Ministry has announced. The visit of the international journalists is organized through a project for advertising the tourism industry in the country and is financed by the Operational Program “regional Development.” The National Geographic crew has already arrived to Bulgaria and is working on reportages on the culture...


BULGARIA HOPES TO RESTORE EMISSIONS TRADING RIGHTS BY END-2010

BULGARIA HOPES TO RESTORE EMISSIONS TRADING RIGHTS BY END-2010
(09/12/2010)

Topics: Business      

Bulgaria may have its carbon emissions trading rights under the Kyoto Protocol restored by the United Nations in the next few weeks, a spokesman of the Environment Ministry has said. Bulgaria has met all the conditions to end a ban imposed by the UN on June 30 for failing to pass appropriate climate legislation in time and provide an emissions inventory for 2007 and 2008, Environment Ministry spokeswoman Katya Shavuleva told Bloomberg agency in a phone interview. The ban extended to...


BULGARIA'S SOPHARMA BREAKS GROUND OF BGN 70 M PLANT

BULGARIA'S SOPHARMA BREAKS GROUND OF BGN 70 M PLANT
(09/12/2010)

Topics: Business      

Bulgarian pharmaceutical giant Sopharma has formally launched the construction of its new factory, an investment worth BGN 70 M, in Sofia on Thursday. The groundbreaking ceremony was carried out by Sopharma CEO Ognyan Donev and Prime Minister Boyko Borisov, with several ministers and foreign ambassadors also attending. The company has pointed out that the construction of new factories demonstrates the revived dynamics of the Bulgarian economy deriving from the companies investing in...


BULGARIAN ECONOMY PERFORMS BETTER THAN EXPECTED IN 2010 Q3

BULGARIAN ECONOMY PERFORMS BETTER THAN EXPECTED IN 2010 Q3
(09/12/2010)

Topics: Business      

Bulgaria's economy registered slightly better results in the third quarter of 2010 that the initial data sets of the National Statistical Institute (NSI) indicated last month. Thus, final NSI data showed on Thursday that in the third quarter Bulgaria's GDP grew by 0.7% compared with the second quarter, and by 0.5% compared with the same quarter of 2009. (The initial forecasts were for 0.3% and 0.2% respectively.) In July-September 2010, Bulgaria's GDP amounted to BGN 19.4 B (BGN 2 581.2...


GREEKS INCREASE INTEREST IN BULGARIAN BUSINESSES

GREEKS INCREASE INTEREST IN BULGARIAN BUSINESSES
(09/12/2010)

Topics: Business      

The regional office of the real estate company "Foros" in the southwestern Bulgarian city of Blagoevgrad has registered an increased interest by Greek clients in the last few months of 2010. "In the last months we have more than five request per month. Before, we had one client every three months," said Georgi Georgiev, manager of the Blagoevgrad office of Foros. He said that the interest comes mostly from Greek businessmen, aged 30 to 50, who already have or want to start their own...


BULGARIAN CABINET EXTENDS DEADLINE FOR DISCOUNTED ARREARS

BULGARIAN CABINET EXTENDS DEADLINE FOR DISCOUNTED ARREARS
(08/12/2010)

Topics: Business      

The Bulgarian government voted Wednesday an extension of the deadline the state has to refund discounted arrears to businesses to December 17, amidst an ever-growing amount of state dues to the private sector. The previous deadline was set for November 30, but the Bulgarian Development Bank managed to pay just BGN 237 M out of BGN 289 M total of claims. In the spring of 2010, the center-right GERB cabinet adopted a decision proposing to companies to receive their arrears for 2009 and 2010...


EVN TO SIGN CONTRACT FOR BULGARIAN HYDRO POWER PLANT IN 2011 Q1

EVN TO SIGN CONTRACT FOR BULGARIAN HYDRO POWER PLANT IN 2011 Q1
(08/12/2010)

Topics: Business      

Austrian company EVN is expected to purchase a 70% stake in the Bulgarian hydro power plant project "Gorna Arda" from Turkish company Ceylan in the first quarter of 2011. This has been announced by Joerg Solgelner, Regional Manager of EVN Bulgaria, as cited by the Pari Daily. EVN and Ceylan are currently in negotiations for the buyout. According to Solgelner, there are still important questions with respect to the Gorda Arda ("Upper Arda") project that have to be settled before a contract...


REZIDOR OPENS FIRST PARK INN HOTEL IN BULGARIA, NO 100 IN CHAIN

REZIDOR OPENS FIRST PARK INN HOTEL IN BULGARIA, NO 100 IN CHAIN
(08/12/2010)

Topics:       

The Rezidor Hotel Group officially launched Tuesday evening Park Inn Sofia, the very first Park Inn property in Bulgaria, which happened to be the hundredth in the chain. "Eastern Europe is an important development region for Park Inn by Radisson, and we look forward to positioning Park Inn Sofia on the market and to actively search for further business opportunities in Bulgaria," Rezidor's Area Vice President Jörg Schiffmann told journalists from local media after giving them a...


REZIDOR OPENS FIRST PARK INN HOTEL IN BULGARIA, NO 100 IN CHAIN

REZIDOR OPENS FIRST PARK INN HOTEL IN BULGARIA, NO 100 IN CHAIN
(08/12/2010)

Topics: Business      

The Rezidor Hotel Group officially launched Tuesday evening Park Inn Sofia, the very first Park Inn property in Bulgaria, which happened to be the hundredth in the chain. "Eastern Europe is an important development region for Park Inn by Radisson, and we look forward to positioning Park Inn Sofia on the market and to actively search for further business opportunities in Bulgaria," Rezidor's Area Vice President Jörg Schiffmann told journalists from local media after giving them a...


BULGARIA GOVT FIRST PRIVATIZATION EFFORT KICKS OFF DEC 14

BULGARIA GOVT FIRST PRIVATIZATION EFFORT KICKS OFF DEC 14
(07/12/2010)

Topics: Business      

The privatization tender, through which the state will seek to boost public revenues by some BGN 80 M, will take place 14-27 December, the Sofia stock exchange announced. The government will offer for privatization through the Sofia stock exchange a package of small state companies or stakes in such firms as part of its efforts to rake in revenues. This will be the first attempt at privatization for the center-right government of Boyko Borisov since the beginning of its term last...


BULGARIA REDIRECTS ALL TRAFFIC TO GREECE THROUGH SECONDARY ROUTE

BULGARIA REDIRECTS ALL TRAFFIC TO GREECE THROUGH SECONDARY ROUTE
(07/12/2010)

Topics: Business      

Bulgaria's Interior Ministry has urged all drivers to use the Ilinden-Exochi crossing when traveling to and from Greece after the rising Struma River damaged the E-79, the main road connecting the two countries. The torrential rains in Southwest Bulgaria over the weekend led the Struma River to rise by five meters in the Kresna Gorge, some 120 km south of Sofia, causing a landslide that undermined the road, which collapsed into the river; a truck with its driver bringing gravel for the...


BULGARIA, CHINA INK MEMORANDUM ON HIGH-SPEED RAILWAY

BULGARIA, CHINA INK MEMORANDUM ON HIGH-SPEED RAILWAY
(07/12/2010)

Topics: Business      

Bulgaria's Transport Minister Alexander Tsvetkov and China's Minister of Railways Liu Zhijun have signed a memorandum for bilateral cooperation in railway transport. The document was signed Tuesday in the presence of Zhang Dejiang, Vice-Premier of the People's Republic of China, right before the opening of the 7th World Congress on High Speed Rail. The memorandum defines the spheres of cooperation, which include the transit through Bulgaria on Eurasian transport corridors, modernization...


BULGARIA, MOROCCO INK INDUSTRIAL COOPERATION AGREEMENT

BULGARIA, MOROCCO INK INDUSTRIAL COOPERATION AGREEMENT
(07/12/2010)

Topics: Business      

Morocco and Bulgaria signed an agreement aimed at strengthening bilateral industrial cooperation at the institutional level and in terms of research and innovation Monday. According to this agreement, the two countries will encourage industrial cooperation initiatives by promoting cooperation between productive sectors. They also undertake to promote joint projects in the area of innovation, industrial research and transfer of technology. On Monday, Bulgaria's Parliamentary Speaker...


BULGARIAN BANKER ELECTED DEPUTY HEAD OF EUROPEAN PUBLIC BANKS ASSOCIATION

BULGARIAN BANKER ELECTED DEPUTY HEAD OF EUROPEAN PUBLIC BANKS ASSOCIATION
(07/12/2010)

Topics:       

The European Association of Public Banks has elected as its Vice President the CEO of the Bulgarian Development Bank, Sasho Chakalski. Chakalski got elected to the top management of one of the most prestigious European banking organizations on Tuesday in Brussels during a general assembly meeting of the EAPB. His bid was supported unanimously by the 35 members of the administrative council of the EAPB. Thus, Chakalski will be in charge of EAPB's relations with the EU regulatory bodies...


BULGARIAN PHARMACEUTICAL GIANT SOPHARMA INVESTS BGN 70 M IN NEW FACTORY

BULGARIAN PHARMACEUTICAL GIANT SOPHARMA INVESTS BGN 70 M IN NEW FACTORY
(06/12/2010)

Topics: Business      

One of the largest Bulgarian pharmaceutical companies, Sopharma, has announced a massive investment into a new production plant. On December 9, 2010, the company will break the ground for its new factory, in which it will invest BGN 70 M. The new facility will be producing up to 4 billion pills per year of over 100 different types of medicines, and will employ 420 people once it is completed. The CEO of Sopharma Ognyan Donev will break the ground for the construction together with...


EBRD PROVIDES EUR 150 M CREDIT LINE TO NBG BULGARIAN BRANCH

EBRD PROVIDES EUR 150 M CREDIT LINE TO NBG BULGARIAN BRANCH
(06/12/2010)

Topics: Business      

The European Bank for Reconstruction and Development has provided a credit line of EUR 150 M to the United Bulgarian Bank, a subsidiary of the National Bank of Greece. The credit line is intended to boost crediting for the business sector; the Romanian and Serbian subsidiaries of the National Bank of Greece – Banca Romaneasca and Vojvodjanska Banka. Each of them is getting a credit line of EUR 100 M from the EBRD. "The support for the banks and the real economy in Bulgaria, Romania, and...


PM: EU FUNDING FOR STRUMA HIGHWAY TO HELP AGAINST FLOODS

PM: EU FUNDING FOR STRUMA HIGHWAY TO HELP AGAINST FLOODS
(06/12/2010)

Topics: Business      

The construction of the Struma Highway will solve the problem with floods along the Struma River in Southwest Bulgaria, Prime Minister Boyko Borisov said. Commenting on the floods caused over the weekend by the rising of the Struma River, which springs from the Vitosha Mountain near Sofia and flows through Southwest Bulgaria and Northern Greece into the Aegean Sea, Borisov declared the resolve of his Cabinet to reinvigorate the efforts to construct the Struma Highway, at the same time...


SOFIA AIRPORT REGISTERS 6% PASSENGER INCREASE

SOFIA AIRPORT REGISTERS 6% PASSENGER INCREASE
(06/12/2010)

Topics: Business      

The airport of Bulgaria's capital Sofia has serviced 6% more passengers in 2010, compared to the previous year, according to the airport Director, Nikolay Kabakchiev. The number of serviced airplanes in 2010 has reached 47 000 – up 3% compared to 2009. 3 324 000 passengers have used the airport this year. Kabakchiev further explained the airport management is applying all possible legal measures to solve the problem with taxi cabs whose drivers cheat customers by charging them too much...



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