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INVEST BULGARIA INVESTMENT NEWS: (1391 stories found)

KEY HIGHWAY SECTION OPENED IN BULGARIA

KEY HIGHWAY SECTION OPENED IN BULGARIA
(01/07/2012)

Topics: Infrastructure      Construction

The section of Bulgaria's Trakiya Highway between Nova Zagora and Stara Zagora was officially opened on Sunday. "The construction of highways will yield its results over the following years," Bulgarian Prime Minister Boyko Borisov told journalists during the ribbon-cutting ceremony. The 32-km highway stretch was completed ahead of term and is to allow Bulgarians to get to the seaside 20 minutes faster. Borisov revealed that another section of the highway, the one connecting Nova Zagora...


2ND BULGARIA-ROMANIA DANUBE BRIDGE TO BE READY BY END 2012

2ND BULGARIA-ROMANIA DANUBE BRIDGE TO BE READY BY END 2012
(30/06/2012)

Topics: Infrastructure      Construction

The second bridge over the Danube linking Romania and Bulgaria at Calafat and Vidin will be ready by the end of the year, announced Bulgarian Minister of Transport Ivaylo Moskovski. Saturday Moskovski accompanied Bulgarian PM Boyko Borisov and EU Regional Policy Commissioner Johannes Hahn on an inspection of the project for the so-called Danube Bridge 2. "82% of the bridge itself is completed at the present moment, 90% of funds have been used, 92% of outlying infrastructure has also been...


CZECH ENERGO-PRO STARTS OPERATING NETWORK IN NORTHEAST BULGARIA

CZECH ENERGO-PRO STARTS OPERATING NETWORK IN NORTHEAST BULGARIA
(30/06/2012)

Topics: Business      

German electric energy company E.ON has finalized the deal to sell its Bulgarian unit E.ON Bulgaria to private Czech company Energo-Pro, it emerged on Friday. The news comes half a year after Bulgaria's Commission for Protection of Competition (CPC) cleared the acquisition of E.ON Bulgaria EAD by the Czech utility. "Our main priority at the moment is to assure Bulgarian authorities and consumers that Energo-Pro is a reliable partner and a high-quality electricity supplier," Irji Krushina,...


BULGARIA'S GLOBUL EXPECTED TO FETCH GREEK OTE EUR 800 M

BULGARIA'S GLOBUL EXPECTED TO FETCH GREEK OTE EUR 800 M
(29/06/2012)

Topics: Business      Software and Information Technology

Greek telecoms group OTE will seek to sell its Bulgarian businesses - a mobile phone company and an electronic appliance retail chain for no less than EUR 800 M, according to reports. Bulgarian phone services provider Globul and Germanos Telecom Bulgaria are expected to fetch the Greek telecom giant some EUR 800 M, the online edition of Kathimerini reported. "OTE management has repeatedly said that it will sell one of its units abroad at a satisfactory price," the company said in a...


BULGARIA'S LALOVA SPRINTS INTO 200 M SEMIFINALS IN HELSINKI

BULGARIA'S LALOVA SPRINTS INTO 200 M SEMIFINALS IN HELSINKI
(29/06/2012)

Topics: Sports      

Bulgaria's Ivet Lalova, who triumphed in the 100 m sprint at the European Championship in Helsinki on Thursday, made it easily to the 200 semifinals the next day. The Bulgarian finished third after clocking 23.58 for the 200, which had the first heats on Friday. The 28-year-old Bulgarian sprinter ran the 100m in 11.28 seconds, leaving behind Ukraine's Olesya Povh (11.32) and Lithuania's Lina Grincikaite. Lalova, widely known as the fastest white woman, has obviously come back to her...


SOFIA AIRPORT MAY BUILD 3RD TERMINAL

SOFIA AIRPORT MAY BUILD 3RD TERMINAL
(29/06/2012)

Topics: Investments      Construction

Veselin Peykov, CEO of Sofia Airport, has said that the management of the company will start designing a new terminal at the beginning of 2013. In a Friday interview for the morning broadcast of the Bulgaria on Air TV station, he specified that the project was very much dependent on the development of the airport and the future concession contract. Peykov added that it was still unclear whether Sofia Airport would get a third terminal or have a new terminal built in the place of the...


SOUTH STREAM CONSORTIUM STARTS ECO ASSESSMENT IN BULGARIA

SOUTH STREAM CONSORTIUM STARTS ECO ASSESSMENT IN BULGARIA
(28/06/2012)

Topics: Infrastructure      

The South Stream Transport AG consortium has has formally initiated the Environmental Impact Assessment (EIA) procedure for the Bulgarian section of the South Stream Offshore Pipeline Project, according to a media statement of the company. The Bulgarian offshore section of the gas pipeline will be approximately 250 kilometers long. The South Stream Offshore Pipeline is to be about 900 kilometers long and is to run through the Black Sea from Anapa in Russia to Varna in Bulgaria. The...


BULGARIA SEES LARGE INCREASE IN GREEK, ROMANIAN COMPANIES 2011

BULGARIA SEES LARGE INCREASE IN GREEK, ROMANIAN COMPANIES 2011
(28/06/2012)

Topics: Investments      

The number of fully Greek-owned companies in Bulgaria increased by 72% year on year in 2011, Bulgaria's National Revenue Agency has revealed. The same year saw a 50% increase in the number of Romanian companies in the country. A total of 3781 corporate income tax returns were submitted by Greek company owners in Bulgaria in 2011, as compared to 2199 back in 2010. 1535 of all Greek companies in the country are based in the Southwestern region of Blagoevgrad, while 1381 are in Sofia. The...


BULGARIA'S ORGANIC HONEY OUPUT REACHES 1 200 TONS PER YEAR

BULGARIA'S ORGANIC HONEY OUPUT REACHES 1 200 TONS PER YEAR
(28/06/2012)

Topics: Economy      Agriculture

Bulgaria makes over 1200 tons of organic honey per year but the largest share of it is exported, according to Plamen Ivanov, Chair of the National Beekeepers' Union. In a Wednesday statement cited by Darik Radio, he explained that the organic honey volumes that remained in Bulgaria were sold at double the price of conventionally produced honey. Ivanov announced that a kilogram of organic honey had a price tag of BGN 25-26 on average on the Bulgarian market. He noted that the main...


BULGARIA PM TO INAUGURATE TRAKIA HIGHWAY STRETCH, NEW ROAD JUNCTION

BULGARIA PM TO INAUGURATE TRAKIA HIGHWAY STRETCH, NEW ROAD JUNCTION
(27/06/2012)

Topics: Infrastructure      Construction

Bulgarian President Rosen Plevneliev, Prime Minister Boyko Borisov and European Commissioner for Regional Policy Johannes Hahn will cut the ribbon Sunday on the Trakia Highway stretch between Nova Zagora and Stara Zagora. The new highway stretch, which was completed ahead of term by the Magistrali Trace Consortium, is to allow Bulgarians to get to the seaside 20 minutes faster. The remaining part of the Trakia Highway to the Petolachkata junction is to be finished by the beginning of...


BULGARIAN-ROMANIAN FEST TO PRESENT 'DANUBE WINE DESTINATIONS'

BULGARIAN-ROMANIAN FEST TO PRESENT 'DANUBE WINE DESTINATIONS'
(27/06/2012)

Topics: Business      Tourism

A joint Bulgarian-Romanian wine festival will be opened in Bulgaria's Ruse as part of an EU-funded project entitled "Danube Wine Destinations". The Bulgarian-Romanian Wine Festival will take place in Ruse on June 28-30, 2012, and will be opened by Bulgarian Agriculture Minister Miroslav Naydenov to finalize the Danube Wine Destinations project, which is funded under EU's PHARE Trans-border Cooperation Program 2007-2013. Two NGOs, Evrointegra Association Bulgaira and Parteneri 2000 Romania...


BULGARIA'S BDZ FREIGHT SERVICES ATTRACTING INVESTOR INTEREST

BULGARIA'S BDZ FREIGHT SERVICES ATTRACTING INVESTOR INTEREST
(26/06/2012)

Topics: Infrastructure      

Bulgaria's Privatization and Post-Privatization Control Agency (PPCA) has confirmed investor interest in the upcoming sale of the Freight Services unit of the Bulgarian State Railways (BDZ) company. The privatization watchdog, however, did not specify the number of companies that had already purchased tender documents and refused to comment on the allegations of the participation of Russian state railways (OAO RZhD) in the deal. On Monday, Transport Minister Ivaylo Moskovski remained...


BULGARIAN ORGANIZATIONS TO LAUNCH EMPLOYER RATING SYSTEM

BULGARIAN ORGANIZATIONS TO LAUNCH EMPLOYER RATING SYSTEM
(26/06/2012)

Topics: Economy      

The Bulgarian Industrial Association (BIA) and the Confederation of Independent Trade Unions in Bulgaria (CITUB) have joined efforts to create a rating system for employers in Bulgaria, according to a media statement of BIA's press office issued after a joint meeting. The joint project is financed under the Regional Development Operational Program. The information system will include data about employers' economic situation, their commitment to corporate social responsibility and the...


BULGARIAN OVERGAS TO START 2ND STAGE OF DRILLING AT PROVADIA EXPLORATION BLOCK

BULGARIAN OVERGAS TO START 2ND STAGE OF DRILLING AT PROVADIA EXPLORATION BLOCK
(26/06/2012)

Topics: Investments      Construction

Gazprom-controlled Bulgarian gas company Overgas is commencing the second stage of conventional oil and gas exploration in the Provadia block onshore in eastern Bulgaria in the beginning of July, according to the firm's press office. Some of the activities involving specialized equipment will take place on the territory of settlements in the region of Targovishte, Shumen, Kaspichan, Veliki Preslav and Provadiya, according to Overgas' press release. The work schedule is now being...


FRANCHISING BUSINESS BOOMING IN BULGARIA

FRANCHISING BUSINESS BOOMING IN BULGARIA
(26/06/2012)

Topics: Economy      

Franchising has been growing by more than 20% annually for five years in a row, according to a survey by Franchising.bg, a consultancy. The consultancy surveyed a total of 144 franchisers and 385 franchisees in Bulgaria between February and June 2012 to compile its third annual report on the development of franchising business, the practice of using another firm's successful business model, in Bulgaria. The report says that Bulgarian franchisers usually start offering franchising on...


GREEK COMPANY REGISTERS WORKERS IN BULGARIA TO CUT LABOR COSTS

GREEK COMPANY REGISTERS WORKERS IN BULGARIA TO CUT LABOR COSTS
(26/06/2012)

Topics: Business      

A Greek company is offering its employees fictitious registration in Bulgaria to pay them lower salaries. Greek newspaper To Proto Thema argues in an article titled "Greeks (from Bulgaria) wanted to work in Larissa" (cited by the Bulgarian Telegraph Agency (BTA)) that the fraud scheme was used by a Larissa-based company operating in the sphere of supplies to the hospitality industry. According to a tip-off given by the trade union of workers in the spheres of tourism and supplies, the...


LITEX, GREAT WALL MOTORS START 'MADE IN BULGARIA' ADVERTISING CAMPAIGN

LITEX, GREAT WALL MOTORS START 'MADE IN BULGARIA' ADVERTISING CAMPAIGN
(26/06/2012)

Topics: Economy      Automotive

The first Chinese car of the Great Wall Voleex C10 model to be produced in Bulgaria is setting the start of a new advertising campaign, announced Litex Motors, the Bulgarian partner of the Chinese producer Great Wall Motors. The first Bulgarian-made Great Wall Voleex C10 will become a present to one of the participants in an interactive game to be conducted on Facebook. Instead of the "Made in Lovech" ("Made in ") slogan (Lovech is the northern Bulgarian city that hosts Great Wall...


ROMANIA-BULGARIA-TURKEY ROAD COMPANY SET FOR FALL 2012

ROMANIA-BULGARIA-TURKEY ROAD COMPANY SET FOR FALL 2012
(26/06/2012)

Topics: Infrastructure      Construction

The project company for the construction of a major highway running from Romania to Turkey and Greece via Bulgaria (aka the Ruse-Svilengrad Road) is to become operational in October. The project will be implemented through a public-private partnership scheme. The latest news surrounding the Ruse-Svilengrad high-speed road project were announced Tuesday after the second working meeting of representatives of the participating countries (Bulgaria, Turkey and Qatar). According to reports...


BULGARIA'S BUDGET BALANCE TURNS POSITIVE IN JAN-MAY 2012

BULGARIA'S BUDGET BALANCE TURNS POSITIVE IN JAN-MAY 2012
(26/06/2012)

Topics: Financial      

Bulgaria's state budget has come to a positive balance for the first five months of 2012, after May became the second month in a row to register monthly budget surplus, the Bulgarian Finance Ministry announced Tuesday. According to preliminary data, Bulgaria had a positive monthly budget balance in May 2012 amounting to BGN 284.4 M. Thus, Bulgaria's budget balance for January-May 2012 has already reached a surplus of BGN 67.4 M, after a monthly surplus of BGN 473.8 M in April 2012. The...


CHINA READY FOR LARGE-SCALE INVESTMENT PROJECT IN BULGARIA

CHINA READY FOR LARGE-SCALE INVESTMENT PROJECT IN BULGARIA
(25/06/2012)

Topics: Investments      

Ivan Kostov, leader of the Democrats for Strong Bulgaria (DSB) party, has argued that a successful concession procedure conducted by the authorities could attract an investor that could bring about a five-fold increase in cargo turnover at the Varna port. The rightist leader reported Monday the results of the visit of the DSB delegation to China. "One of the greatest weaknesses of Bulgarian politics in the past few years has been the inability to attract strategic investors that could...



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