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INVEST BULGARIA INVESTMENT NEWS: (1391 stories found)

CHINA INVESTORS EYE EXTINCT SOFIA STEEL MILL'S PLOT

CHINA INVESTORS EYE EXTINCT SOFIA STEEL MILL'S PLOT
(29/10/2010)

Topics: Business      

A Chinese investor has voiced strong interest and preparedness to take over the insolvent and obsolete steel mill "Kremikovtzi" near the Bulgarian capital Sofia and turn it into a sprawling expo city similar to Shanghai. The news was reported Friday by the Bulgarian daily "Standard." The mill's labor unions have confirmed the information saying the Chinese have visited the location several times and would take part in the second auction of the bankrupt steel giant, once considered the...


RAILWAY TO CONNECT BULGARIA'S PERNIK, PLOVDIV TO SOFIA METRO

RAILWAY TO CONNECT BULGARIA'S PERNIK, PLOVDIV TO SOFIA METRO
(29/10/2010)

Topics: Infrastructure      Construction

Bulgaria will have two new railroad stations to connect the cities of Pernik and Plovdiv with the Sofia subway, the CEO of the "Metropolitan" company, Stoyan Bratoev, announced Friday. Stoyanov reported the news on the heels of statements of the Mayor of Sofia, Yordanka Fandakova, who during the discussion titled "Sofia 2020" said that in addition to the three segments of the capital subway, work would be done in the next ten years on their expansion. One of the stations will be located...


BULGARIA EXPECTS BOOST IN WINTER TOURISM 2010

BULGARIA EXPECTS BOOST IN WINTER TOURISM 2010
(28/10/2010)

Topics:       

Lodges in Bulgaria's ski resorts are already filling up for the upcoming winter season, giving hope that the sector will see the first signs of recovery after two bleak years. Hoteliers estimates show some 110.000 tourists are expected to visit Bulgaria's winter resorts, up by 20.000 compared to the same time last year. Entrepreneurs pin their hopes on the Russian, Serbian, Macedonian and Bulgarian tourists, who remain their main target group. Experts also hope that foreign tourists...


BULGARIA INVESTS EUR 3-4 PER USER FOR ONLINE MARKETING

BULGARIA INVESTS EUR 3-4 PER USER FOR ONLINE MARKETING
(28/10/2010)

Topics: Business      

Bulgaria has invested about EUR 3-4 per Internet user, the President of IAB Europe, Alain Heureux, said during his presentation at Webit Expo & Conference 2010. The forum is the biggest event for digital business and marketing in Central-Eastern Europe and is taking place October 27-29 in the National Palace of Culture in Sofia. Heureaux said that according to a survey by IAB Europe of 15 national markets, until January 2010, the number of Internet users from Central and Easter Europe was...


BULGARIAN FINANCE MINISTER VOWS 'STABILITY BUDGET' FOR 2011

BULGARIAN FINANCE MINISTER VOWS 'STABILITY BUDGET' FOR 2011
(28/10/2010)

Topics: Financial      

Bulgaria's Minister of Finance Simeon Djankov presented the draft budget bill for 2011 in front of four parliamentary committees Thursday, calling it "a budget of stability." The draft was tabled to Parliament October 1 and Thursday it was reviewed by the Committees on Finance, Economic Policy, Social Policy and Healthcare. Djankov confirmed a 3.6% growth for 2011 and stated redistribution will be 35.5% of GDP. He said no salaries or pensions will suffer reductions. According to...


CHINA INVITES BULGARIA TO JOIN HIGH-SPEED ASIA-EUROPE RAIL WITH TURKEY

CHINA INVITES BULGARIA TO JOIN HIGH-SPEED ASIA-EUROPE RAIL WITH TURKEY
(28/10/2010)

Topics: Business      

China has formally invited Bulgaria to join together with Turkey a project for a high-speed railway connection from the Far East to Europe. The invitation resulted from talks in Beijing between Bulgarian Transport Minister Alexander Tsvetkov and China's Minister of Transport Li Shenglin, Minister of Railways Liu Zhijun, and leading Chinese railway companies, the press service of the Bulgarian Transport Ministry announced. The Ministry said the Bulgarian government is going to take part in...


US, ARAB, CANADIAN COMPANIES TO INVEST EUR 1 B IN BULGARIA'S FORMULA ONE PROJECT

US, ARAB, CANADIAN COMPANIES TO INVEST EUR 1 B IN BULGARIA'S FORMULA ONE PROJECT
(28/10/2010)

Topics: Business      

Companies from Abu Dhabi, the USA, and Canada are to come together to form a consortium for investing in Bulgaria's circuit for Formula One and adjacent venues, Novinite.com (Sofia News Agency) learned. In an exclusive interview for Novinite.com (Sofia News Agency), Bogdan Nikolov, Chairman of the Bulgarian Motorcycling Federation, revealed that the Abu Dhabi company EABG, which first expressed interest in investing in Bulgaria's F1 project in August 2010, will be forming a consortium of...


ERBD EXPECTS FASTER GROWTH FOR EASTERN EUROPE, BULGARIA

ERBD EXPECTS FASTER GROWTH FOR EASTERN EUROPE, BULGARIA
(28/10/2010)

Topics: Business      

Most Eastern Europe economies will grow faster than previously expected in 2010 and 2011, benefiting by a stronger rebound in Western Europe and higher commodity prices, according to a new ERBD report. The more rapid growth means that after a hiatus in 2009, most countries in the region will once again close the gap in incomes per person with western Europe, although according to the report of the European Bank for Reconstruction and Development released Thursday, the "rate of convergence...


BAVARIA CONFIRMS INTEREST IN BULGARIA'S BELENE NPP

BAVARIA CONFIRMS INTEREST IN BULGARIA'S BELENE NPP
(27/10/2010)

Topics:       

An investor from the German free province of Bavaria has stated interest in Bulgaria's project to build a second Nuclear Power Plant (NPP) in the Danube town of Belene, a high-ranking official with the Bavarian Economy Ministry confirms. The Head of the Southeastern and Central Europe Directorate at the Ministry, Martin Grossman, revealed the information for journalists Wednesday, saying it was true Bulgaria approached Bavaria about the NPP, however, the talks were held without a...


BULGARIA RESTRUCTURES STATE RAILWAY CO INTO HOLDING

BULGARIA RESTRUCTURES STATE RAILWAY CO INTO HOLDING
(27/10/2010)

Topics: Business      

Bulgarian state railways company BDZ will be restructured into a holding company, informed the Transport Ministry. According to a decision signed by Bulgarian Transport Minister Alexander Tsvetkov on October 22, 2010. the Bulgarian state railway company is going to "give birth" to a holding company, which is going to have two major divisions – one in charge of passengers, and another one in charge of freight transport. In the new situation, the parent company BDZ is still going to be...


BULGARIA SEEKS TO LURE CHINA WITH PORT CONCESSIONS

BULGARIA SEEKS TO LURE CHINA WITH PORT CONCESSIONS
(27/10/2010)

Topics: Business      

Bulgaria's Transport Minister Alexander Tsvetkov has been welcoming in Beijing by his Chinese counterpart Li Shenglin. The Bulgarian delegation led by Tsvetkov has presented to the People's Republic of China investment opportunities in the field of transport and infrastructure. Bulgaria and China are considering setting up a joint venture for sea port infrastructure as well as offering concessions of Bulgarian sea and river ports to Chinese companies. "China is a first-rate partner of...


BULGARIA'S LUMBER INDUSTRY PICKS UP, FURNITURE LAGS BEHIND

BULGARIA'S LUMBER INDUSTRY PICKS UP, FURNITURE LAGS BEHIND
(27/10/2010)

Topics: Business      

Bulgaria's lumber industry has started to overcome the effects of the economic crisis but the furniture manufacturing is still declining, according to participants in the "World of Furniture" expo in Sofia. Georgi Kostov, Deputy Agriculture Minister and head of the State Forestry Agency, said Bulgaria's state budget revenues from the lumber industry in the state-owned forest plots will amount to BGN 60 M in 2010. Bulgaria extracts about 4 million cubic meters of lumber per year, and most...


FACEBOOK, YAHOO, EBAY BOSSES IN SOFIA FOR WEBIT EXPO & CONFERENCE

FACEBOOK, YAHOO, EBAY BOSSES IN SOFIA FOR WEBIT EXPO & CONFERENCE
(27/10/2010)

Topics: Business      

For three days Webit Expo & Conference 2010 will make Bulgaria the hot spot for marketing, advertising and Internet. The biggest event for digital business and marketing in Central-Eastern Europe will take place October 27-29 in the National Palace of Culture in the Bulgarian capital. It is expected to have 5,000 visitors, exhibitors and 80 top speakers and lecturers from all over the world. Among the lecturers in this year's edition of the expo will be Vice President at Facebook, Blake...


MERGERMARKET: SIGNS OF REVIVAL ON BULGARIA M&A MARKET

MERGERMARKET: SIGNS OF REVIVAL ON BULGARIA M&A MARKET
(27/10/2010)

Topics:       

The mergers and acquisitions (M&A) market in Bulgaria shows the first signs of recovery, driven by the sale of the first national private television bTV and the acquisition of cable operators Megalan Network and Spectrum Net by mobile operator Mobiltel, according to market research company Mergermarket. The recovery is attributed also to the purchase of 38% in the Bulgarian animal health company Huvepharma by Citi Venture Capital International (CVCI) and the acquisition of Bulgarian coffee...


RENT PRICES IN BULGARIAN MALLS DOWN BY 25% Y/Y

RENT PRICES IN BULGARIAN MALLS DOWN BY 25% Y/Y
(27/10/2010)

Topics:       

Rent prices in malls in Bulgaria decreased by 25% for one year, the consultant company Forton International has revealed. According to the data, the first signs for the recovery of the retail areas market appeared in the third quarter of 2010. Analysts point out that the total volume of retail areas in Bulgaria is currently 506,860 sq.m. After the completion of three large projects by the end of the year, the volume would increase by 77,000 sq.m. more. The malls that are to be open are...


BULGARIA TO POUR BGN 1.7 B IN INFRASTRUCTURE IN 2011

BULGARIA TO POUR BGN 1.7 B IN INFRASTRUCTURE IN 2011
(26/10/2010)

Topics: Business      

Bulgaria's government is planning a total investment of about BGN 1.7 B in infrastructure construction in 2011. The figure was revealed by Regional Development Minister Rosen Plevneliev on Tuesday, the professional holiday of builders in Bulgaria. Plevneliev said the BGN 1.7 B in question will come from EU funds and the state budget. Of those, BGN 1.2 B will go into roads and highways, and the rest will be invested in municipal infrastructure projects. BGN 590 M are expected from the...


BULGARIAN WINE INDUSTRY ATTACKS BRAZIL'S MARKET

BULGARIAN WINE INDUSTRY ATTACKS BRAZIL'S MARKET
(26/10/2010)

Topics:       

Bulgaria's Agriculture Ministry has announced its expectations for at least 10% increase of the wine export in 2010, in comparison to last year. At a press conference on Tuesday, officials from the ministry stated that they expect a growth in the export despite the forecasts for 30% decrease of grapes harvest. They also announced that Bulgaria has entered the Brazilian red wine market for the first time. Meanwhile, Chile and Argentina, who are Bulgaria's major competitors at the Russian...


GREAT WALL JV TO PRODUCE FLORID, COOLBEAR, HOVER 5, WINGLE IN BULGARIA

GREAT WALL JV TO PRODUCE FLORID, COOLBEAR, HOVER 5, WINGLE IN BULGARIA
(26/10/2010)

Topics: Business      

Florid and Coolbear sedans, the Hover 5 SUV and the Wingle pickup are the four different vehicle models, which Chinese car maker Great Wall Motor Co and Bulgarian company Litex Motors will produce in the town of Lovech, Northern Bulgaria, reports say. The companies are expected to roll off their first vehicles in February 2011. Great Wall Motor Company, one of China's biggest automotive manufacturers, signed a joint venture (JV) deal with Bulgarian diversified holding company Litex...


GREEN SHOOTS OF REVIVAL FOR BULGARIA CONSTRUCTION SECTOR 'NEXT YEAR'

GREEN SHOOTS OF REVIVAL FOR BULGARIA CONSTRUCTION SECTOR 'NEXT YEAR'
(26/10/2010)

Topics:       

A mix of global slow-down, restricted financing and withdrawing investors have brought Bulgaria's construction sector to a stalemate, but entrepreneurs hope that the first green shoots of revival will emerge in the spring next year. "We are in for a tough winter, but hope that the spring next year will bring the first signs of recovery," Svetoslav Glosov, chairman of the Bulgarian construction chamber, commented on Tuesday as the sector celebrated its professional holiday. "This year the...


SIEMENS LIKELY STRATEGIC INVESTOR IN BULGARIA'S BELENE NPP

SIEMENS LIKELY STRATEGIC INVESTOR IN BULGARIA'S BELENE NPP
(26/10/2010)

Topics:       

German company Siemens is most likely the new strategic investor in Bulgaria's Belene nuclear power plant, sources said. Bulgaria's PM Borisov on Monday, following Parliament Chair Tsacheva on Sunday, revealed that the government has found a German company that is interested in investing in the Belene NPP. Neither Tsacheva, nor Borisov, however, revealed the name of the company that is to become the strategic investor in Bulgaria's second nuclear power plant. They did make it clear,...



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