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INVEST BULGARIA INVESTMENT NEWS: (1392 stories found)

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,...


BULGARIA SECURES GERMAN INVESTOR FOR BELENE NUCLEAR PLANT

BULGARIA SECURES GERMAN INVESTOR FOR BELENE NUCLEAR PLANT
(24/10/2010)

Topics: Investments      

Bulgarian will for sure build its second nuclear power plant at Belene, Parliament Chair Tsetska Tsacheva has declared. After Bulgaria's government of the center-right GERB party has been going back and forth for months on whether the Belene Nuclear Power Plant will be constructed, in the past couple of days both Prime Minister Borisov and Economy Minister Traikov made hints in favor of the nuke. On Sunday, however, Parliament Chair Tsacheva made more definitive statements. "After the...


RUSSIA'S MECHEL ACQUIRES 100% IN BULGARIA'S RUSSE HEATING UTILITY

RUSSIA'S MECHEL ACQUIRES 100% IN BULGARIA'S RUSSE HEATING UTILITY
(24/10/2010)

Topics: Economy      

Bulgaria's competition watchdog said it would allow Russian mining and steel conglomerate Mechel to buy out 51% of the shares it does not own yet in the heating and power plant in the town of Russe on the Danube in northern Bulgaria from Slovenia's Holding Slovenske Elektrarne. The proposed deal would not have any negative impact on the central heating or electricity market in Bulgaria, the state regulator, Commission for Protection of Competition (CPC), said in a statement. In December...


BULGARIA'S BANSKO NAMED WORLD'S BEST VALUE SKI RESORT

BULGARIA'S BANSKO NAMED WORLD'S BEST VALUE SKI RESORT
(24/10/2010)

Topics: Business      Tourism

Bansko, Bulgaria's biggest ski resort, is the second-cheapest resort for British skiers in the world, according to new research by the Post Office. Poiana Brasov in Romania came top in a study comparing costs at 12 of the cheapest resorts. At GBP 259.53 for six skiing essentials, including a week's ski pass, ski hire, evening meals and drinks, Poiana Brasov was six per cent cheaper than Bansko in Bulgaria and up to 20 per cent cheaper than Slovenia's Kanin resort. The news comes just days...


BULGARIA'S NUCLEAR PLANT BACK IN BUSINESS BY NOVEMBER 6

BULGARIA'S NUCLEAR PLANT BACK IN BUSINESS BY NOVEMBER 6
(23/10/2010)

Topics: Economy      

The spare parts needed by Bulgaria's Nuclear Power Plant (NPP) Kozloduy arrived in Bulgaria overnight with an IL-16 aircraft of the "Volga-Dnepr" airline, the Bulgarian National Radio, BNR, reports Saturday. Minutes after the plane's landing, at 2 am local time at the Sofia airport, the pipes have been loaded on trucks, which left for the Danube town of Kozloduy. Their installation is to last about one week, experts say. On October 19, Economy and Energy Minister, Traicho Traikov,...


BULGARIA-MADE CHINESE CARS HIT EU MARKET IN FEBR 2011

BULGARIA-MADE CHINESE CARS HIT EU MARKET IN FEBR 2011
(23/10/2010)

Topics: Business      Automotive

China's car maker Great Wall Motor Co and Bulgaria's Litex Motors will roll off their first vehicles in the plant in the town of Lovech, Northern Bulgaria, 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 Commerce in the presence of Chinese Vice President Xi Jinping and Bulgarian Prime Minister Boyko Borisov on October 15 last year. The plant will have an annual...


GAZPROM, BULGARIA SIGN 'SOUTH STREAM' AGREEMENT

GAZPROM, BULGARIA SIGN 'SOUTH STREAM' AGREEMENT
(23/10/2010)

Topics: Economy      

The Russian Gazprom and the Bulgarian Energy Holding (BEH) have signed an agreement for the execution of the technology and economy validation of the Bulgarian segment of the South Stream gas pipe line. The information was reported Saturday by the Bulgarian National Radio (BNR). The agreement has been concluded according to the terms reached during the visit of the Gazprom CEO Alexey Miller in Sofia last week. The agreement is a fresh start in the work on the Russian project in...


BULGARIA TO INTRODUCE FLAT 9% VAT IN TOURISM APRIL 2011

BULGARIA TO INTRODUCE FLAT 9% VAT IN TOURISM APRIL 2011
(22/10/2010)

Topics: Financial      Tourism

Bulgaria will introduce a flat 9% value-added tax (VAT) in the tourism sector as of the beginning of April next year under amendments that parliament adopted at first reading on Thursday. The move comes in response to the demand of the European Union that Bulgaria should harmonize tourism VAT, which currently stands at 7% for organized groups and 20% for individual tourism. The government has said that the new tax had to be introduced at the beginning of 2011, but was delayed until April...


BULGARIA'S APARTMENT PRICES UP BY 6% IN 2010 Q3

BULGARIA'S APARTMENT PRICES UP BY 6% IN 2010 Q3
(22/10/2010)

Topics: Economy      Real Estate

The average apartment price in Bulgaria declined by 6% in July-September 2010, year-on-year, according to data of the National Statistical Institute. Thus, in the second quarter of 2010, a square meter of apartment space cost BGN 959.79 on average. Compared with the second quarter of the year, the average apartment price went down by 1.2%. The highest average price per square meter is in Sofia – BGN 1592.58, Varna – BGN 1592.58, and Burgas – BGN 1164.88. The apartments in Kyustendil...


BULGARIA, TURKEY TO LAUNCH VARNA-SAMSUN FERRY LINE

BULGARIA, TURKEY TO LAUNCH VARNA-SAMSUN FERRY LINE
(22/10/2010)

Topics: Economy      

Bulgaria and Turkey intend to launch a ferry line connecting the Black Sea port of Varna with the Turkish ports Zonguldak and Samsun. The new ferry like deal is expected to be a follow-up of a new Agreement for International Transport of Freight and Passengers between the Republic of Bulgaria and the Republic of Turkey signed during the 23rd session of the Bulgarian-Turkish Transport Commission, which took place in Istanbul over the week. The new Agreement will replace the previous one,...


DUBAI-BASED OGER TELECOM TAKES OVER BULGARIA'S VIVACOM - REPORT

DUBAI-BASED OGER TELECOM TAKES OVER BULGARIA'S VIVACOM - REPORT
(22/10/2010)

Topics: Business      Software and Information Technology

Dubai-based Oger Telecom will take over the management of Bulgaria's top fixed-line operator Vivacom following negotiations that have dragged on for nearly half a year, according to reports. Oger Telecom representatives have confirmed for local Dnevnik daily that the company is a side in the lock-up agreement that the major lenders signed on the restructuring options for the debt-laden company with the mezzanine creditors, the most junior lenders in the capital structure. Under the...


EBRD WITH RECORD INVESTMENTS IN BULGARIA IN 2010

EBRD WITH RECORD INVESTMENTS IN BULGARIA IN 2010
(22/10/2010)

Topics: Investments      

The 2010 investments of the European Bank for Reconstruction and Development in Bulgaria will reach the record annual figure of EUR 500 M, announced Stefka Slavova, an EBRD director. A delegation of the EBRD Board of Directors completed Friday its four-day visit to Bulgaria organized to get up-to-date information on developments in one of the bank's countries of operation. "In 2010 to date we have signed investment contracts in Bulgaria for EUR 341 M - these are mostly loans to financial...


EBRD WRAPS UP VISIT TO BULGARIA, INVESTMENTS TOTAL EUR 2 B

EBRD WRAPS UP VISIT TO BULGARIA, INVESTMENTS TOTAL EUR 2 B
(22/10/2010)

Topics: Investments      

The European Bank for Reconstruction and Development has invested over EUR 2 B in various sectors of the country's economy since the beginning of its operations in Bulgaria, mobilising additional investment in excess of EUR 5 B. A delegation of the EBRD Board of Directors is expected to present on Friday the results of its four-day visit to Bulgaria, during which it obtained up-to-date information on developments in one of the bank's countries of operation. During the visit members of the...


ENEL TO SELL BULGARIAN TPP BY 2010 END - REPORT

ENEL TO SELL BULGARIAN TPP BY 2010 END - REPORT
(22/10/2010)

Topics: Economy      

Russia's state energy company Inter RAO will most likely pay EUR 600 M to Italy's Enel SpA for a majority stake in Bulgaria's Maritsa East 3 coal-fired power plan, according to reports. The deal is expected to be finalized before the end of 2010, according to reports in the Italian media. Inter RAO, Austrian energy company EVN, British utility International Power, US power producer AES Corp. and CEZ AS are said to have shown interest in acquiring Enel majority stake in Maritsa East...


HP TO EXPAND OUTSOURCING SERVICES IN BULGARIA BIG TIME

HP TO EXPAND OUTSOURCING SERVICES IN BULGARIA BIG TIME
(22/10/2010)

Topics: Business      Software and Information Technology

Hewlett-Packard will expand its outsourcing services in Bulgaria, the Prime Minister Boyko Borisov and HP public administration director for central and eastern Europe, Sasha Bezouhanova, have announced. On Friday, the Bulgarian Council of Ministers signed a memorandum with HP for the development of the company's activities in the country. Borisov has stated that the result of the investments of the American information technology corporation in Bulgaria will be 2,000 new job positions...


JAPAN'S JCR RAISES BULGARIA OUTLOOK TO STABLE

JAPAN'S JCR RAISES BULGARIA OUTLOOK TO STABLE
(22/10/2010)

Topics: Macroeconomic Data      

Japanese credit rating agency JCR on Friday affirmed its BBB rating on Bulgaria's foreign currency long-term senior debts and BBB+ rating on the country's local currency long-term senior debts. The outlook was revised to stable from negative. "The ratings are primarily based on the country's prudent fiscal policy that has led up to a substantial reduction of the government debt and accumulation of large fiscal reserves, its maintenance of the solid currency board arrangement through...


RULING PARTY CONFIDENT IN BULGARIA'S 2011 3.6% GDP GROWTH

RULING PARTY CONFIDENT IN BULGARIA'S 2011 3.6% GDP GROWTH
(22/10/2010)

Topics: Macroeconomic Data      

MP Menda Stoyanova, head of the budget and finance committee of the Bulgarian Parliament, has expressed confidence that the 3.6% GDP growth project for 2011 will be realized. "Interestingly, all international agencies forecast the same growth for Bulgaria. Even the IMF, which is very conservative in its forecasts, predicts a 2.5% growth. That is not 3.5% but is still a very serious growth," Stoyanova told the Bulgarian National Radio on Sunday. She is certain that Bulgaria's economic...


BULGARIA INVITES BMW, EADS TO INVEST

BULGARIA INVITES BMW, EADS TO INVEST
(21/10/2010)

Topics: Investments      

Economy Minister Traikov has invited German car-maker BMW and the European Aeronautics Defense and Space Company (EADS) to consider investment options in Bulgaria. Traikov met with representatives of BMW and EADS in Munich on Thursday, on his second day from his visit to Germany's Free State of Bavaria. He was accompanied by the Bavarian Minister of Economy, Infrastructure, Transport, and Technology Martin Zeil. "Bulgaria is creating favorable opportunities, and is encouraging investment...


BULGARIA, RUSSIA TO SET UP SOUTH STREAM JV BY NOV 15

BULGARIA, RUSSIA TO SET UP SOUTH STREAM JV BY NOV 15
(21/10/2010)

Topics: Economy      

The Bulgarian and Russian governments have formally agreed to set up the South Stream pipeline joint venture by November 15, according to information from the Russian cabinet. This was agreed during a phone conversation between the two countries PMs, Boyko Borisov and Vladimir Putin. Borisov and Putin expressed satisfaction at the way the joint work on South Stream is progressing. The South Stream gas transit pipeline is supposed to be ready by 2015. Its construction is expected to cost...


BULGARIAN SOFTWARE COMPANY EXPANDS TO MIDDLE EAST, JAPAN

BULGARIAN SOFTWARE COMPANY EXPANDS TO MIDDLE EAST, JAPAN
(21/10/2010)

Topics: Economy      Software and Information Technology

Musala Soft, a leading Bulgarian software company, announced it is participating in a project for leading Qatar telecom QTel. Experts of Musala Soft, in conjunction with partners from US-based TIBCO, are working to improve and integrate functionalities in the QTel system. Musala Soft president Elena Marinova comments that this is a part of an expansion campaign to the Middle East and the rest of Asia. "The global economic environment is a stimulus for controlled investment and...



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