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INVEST BULGARIA INVESTMENT NEWS: (1391 stories found)

PRIVATE INVESTOR TO SALVAGE BULGARIA'S FLOPPED NUCLEAR PROJECT

PRIVATE INVESTOR TO SALVAGE BULGARIA'S FLOPPED NUCLEAR PROJECT
(04/06/2012)

Topics: Economy      

A private investor could possibly purchase by the end of 2012 the abandoned project to build a second Nuclear Power Plant, NPP, in the Bulgarian Danube town of Belene, and pay the looming compensation fees. The statement was made by the Chairman of the Bulgarian Atomic Forum BULATOM, Bogomil Manchev. "The purchase of the project by a foreign investor will resolve the problem with Russian claims for compensations," Manchev is quoted saying. He is also the CEO and main shareholder in the...


FULL SMOKING BAN EFFECTIVE IN BULGARIA
(01/06/2012)

Topics: Interesting Facts      General

The full smoking ban in Bulgaria became effective on Friday, June 1, at midnight. In April, after heated debates, Bulgaria's Parliament passed on first reading a bill banning smoking in closed public spaces. The changes in the Law on Public Health mandate that smoking is fully banned in all work places, restaurants, bars, public transportation, cinemas, movie theaters, all hotels, near administrative buildings, in the yards or nearby daycare centers and schools, on playgrounds, at...


MODERATE EARTHQUAKE RATTLES BULGARIA
(21/05/2012)

Topics: Interesting Facts      General

Moderate earthquake rattles Bulgaria A 5.8-magnitude earthquake struck Bulgaria on Tuesday, about 14 miles outside the capital of Sofia, the U.S. Geological Survey said. It was less than six miles deep, the USGS said. There were no immediate reports of injuries or...


BULGARIA HAS SECURED A ONE-YEAR EXTENSION ON BELENE LOAN
(12/05/2012)

Topics: Investments      Renewable Energy

Bulgaria has secured a one-year extension to repay the 250 million euro bridge loan arranged by BNP Paribas to fund preliminary work on the planned Belene nuclear power plant on the Danube River, Economy Minister Delyan Dobrev said on May 7, as quoted by Focus news agency. The option to postpone the due date was contingent on securing 55 million euro for immediate repayment of the amounts loaned by Belgium's Dexia and Japanese bank Mizuho. The funds will be provided to state electricity...


TOURISM: BULGARIA TO SPEND 300M LEVA ON RESTORING CASTLES, ANCIENT SITES
(07/05/2012)

Topics: Interesting Facts      Tourism

Bulgaria is to spend about 300 million leva (about 150 million euro) in European Union funds over the next two years restoring 11 castles and a large number of ancient sites that are popular tourist attractions. Among the sites where restoration and development work will be done are the museum village of Etura, former capital Pliska, the Madara Horseman cliff carving near the town of Shoumen, Arbanassi, the Assenovgrad fortress, Magura and Ledenika caves and the Belogradchik rocks. ...


BULGARIAN WATCHDOG EMPOWERED AGAINST 'SIGNIFICANT MARKET POWER'

BULGARIAN WATCHDOG EMPOWERED AGAINST 'SIGNIFICANT MARKET POWER'
(19/02/2012)

Topics:       

Bulgarian companies will be monitored for and fined in cases of abuse of "significant market power," according to draft amendments to the Competition Protection Act. The legal amendments envisage the introduction of the concept of "significant market power" and set fines in cases of abuse, according to a project published by the Ministry of Economy, Energy and Tourism. The step will allow the Bulgarian anti-trust watchdog to penalize companies that do not have a dominant position on the...


BULGARIA BECOMES SECOND STATE TO IMPOSE BAN ON SHALE-GAS EXPLORATION
(14/02/2012)

Topics: Infrastructure      Renewable Energy

Shukri Hussein was only 23 when he first bought some land, with a friend, to start a farm at Praventsi, a village close to Novi Pazar, in north-east Bulgaria. Ten years later the biology graduate heads a 110-hectare organic farm with a workforce of 35. He was pleased with what he had achieved and had no intention of letting anyone spoil his dream. At the beginning of January he joined thousands of others to protest against plans to explore the huge shale-gas reserves in his region. Their...


SALARY OF MEMBERS OF THE GOVERNMENT
(23/01/2012)

Topics: Politics      Software and Information Technology

Members of the Parlament receive at least 18 000 lv ( 9 000 euro) salary per month...


BULGARIA RANKS THIRD IN GLOBAL INTERNET SPEED SURVEY
(21/09/2011)

Topics: Interesting Facts      General

Download speeds in Bulgaria were among the fastest in the world, behind only South Korea and Romania, according to research by online content delivery company Pando Networks, quoted by Bulgarian daily Dnevnik on September 21. Average speed in South Korea was 2202KBps, followed by 1909KBps in Romania and 1611KBps in Bulgaria. The top ten is rounded up by Lithuania, Latvia, Japan, Sweden, Ukraine, Denmark and Hong Kong. US scored 26th in the survey, at 606KBps, just above the global average...


BULGARIA OPENS REPAIRED SECTION OF DANUBE BRIDGE 1

BULGARIA OPENS REPAIRED SECTION OF DANUBE BRIDGE 1
(03/09/2011)

Topics: Infrastructure      Construction

The repaired Bulgarian section of Danube Bridge 1 between the city Ruse and Romania's Giurgiu was opened Saturday by Prime Minister, Boyko Borisov. The bridge is the only one existing on the Danube to connect Bulgaria and Romania, for which the Bulgarian government has allocated BGN 1.7 M. Borisov was accompanied at the ceremony by Regional Minister, Rosen Plevneliev, Transport Minister, Ivaylo Moskovski, and Culture Minister, Vezhdi Rashidov. "Our Danube capital Ruse needed these...


MUNICIPALITY TO INTERSPERSE SOFIA WITH TOURIST INFO CENTERS

MUNICIPALITY TO INTERSPERSE SOFIA WITH TOURIST INFO CENTERS
(03/09/2011)

Topics: Infrastructure      Tourism

Sofia Municipality is going to open at least five more Tourist Information Centers, in addition to the only existing one, according to Deputy Sofia Mayor Irina Savina. The Tourist Information Center in Sofia was opened in January 2010; it is located at the Sofia University metro station. Savina announced Saturday, however, as cited by BTA, that similar tourist and cultural information offices will be opened at Terminal 1 and Terminal 2 of Sofia International Airport, the Central Railway...


BULGARIA SEALS SALE OF BULGARTABAC TO RUSSIAN BANK VTB

BULGARIA SEALS SALE OF BULGARTABAC TO RUSSIAN BANK VTB
(02/09/2011)

Topics: Economy      

The Supervisory Council of Bulgaria's Privatization Agency has given the final go-ahead for the sale of state cigarette-maker Bulgartabac to BT Invest, a firm wholly owned by Russia's government bank VTB. After five-hour debates on Friday, the Supervisory Council of the Privatization and Post-privatization Control Agency approved the sale of Bulgartabac to VTB for EUR 100.1 M with 6 votes in favor and one vote against. The news was broken Friday night by the Council chair Yuliya Nenkova....


IKEA TO ATTRACT 1.5 M VISITORS DURING 1ST YEAR IN BULGARIA

IKEA TO ATTRACT 1.5 M VISITORS DURING 1ST YEAR IN BULGARIA
(02/09/2011)

Topics: Investments      

The first Bulgarian store of the Swedish furniture giant IKEA aims at attracting over 1.5 million visitors during the first year after its opening. The information was announced by the Greek Fourlis company, which has the IKEA franchise rights for Bulgaria. The first IKEA store is located on the capital Sofia's beltway and is scheduled to open on September 29th. The free furniture catalogue is being distributed starting Friday to households in the city in 750 000 copies. The prices...


RUSSIA 'FREEZES' BURGAS-ALEXANDROUPOLIS OIL PIPELINE OVER BULGARIA'S 'OBSTRUCTIONS'

RUSSIA 'FREEZES' BURGAS-ALEXANDROUPOLIS OIL PIPELINE OVER BULGARIA'S 'OBSTRUCTIONS'
(02/09/2011)

Topics: Infrastructure      Construction

Russian oil pipeline monopoly Transneft will freeze the construction of the troubled Burgas-Alexandroupolis project, which has been largely obstructed by Bulgaria's government in the past 2 years. Transneft will not abandon the Burgas–Alexandroupolis oil pipeline project - despite its partner Bulgaria's failure to provide financing - but will freeze the construction this fall, Transneft Vice President Mikhail Barkov said on Friday night, as quoted by RIA Novosti. "We are not giving up...


BULGARIAN FINMIN: PRESIDENT IS CLUELESS ABOUT ECONOMY

BULGARIAN FINMIN: PRESIDENT IS CLUELESS ABOUT ECONOMY
(01/09/2011)

Topics: Economy      

Bulgarian President, Georgi Parvanov, has shown many times that he is clueless when it comes to economy and his experts have no clue either. The statement was made Tuesday by Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, in the aftermath of Parvanov's televised words that Bulgarian retirees are paying the social price of the economic crisis. "I will have to visit the hometown of Pernik of our Communist President (Parvanov is the former leader of the Bulgarian...


BULGARIAN PM BREAKS GROUND OF 2ND ROAD TO GREECE

BULGARIAN PM BREAKS GROUND OF 2ND ROAD TO GREECE
(01/09/2011)

Topics: Infrastructure      Construction

Bulgaria's Prime Minister, Boyko Borisov, in the company of three members of his cabinet, broke ground Thursday of the second stage of the road to Greece through the Makaza mountain pass. The road segment is between Kardzhali and Podkova. It is 34-km-long of which 27 km are new construction and the rest are being rehabilitated. The road construction includes the building of 8 new bridges, one overpass, two underpasses, and 7 junctions. The investment amount is estimated at BGN 32 M...


NEW SOFIA SUBWAY LINE TO BE LAUNCHED IN MAY 2012

NEW SOFIA SUBWAY LINE TO BE LAUNCHED IN MAY 2012
(01/09/2011)

Topics: Infrastructure      

The subway line from the Mladost 3 district to the main thoroughfare of the Bulgarian capital Sofia – Tsarigradsko Shosse Boulevard will be open for use by May 2012. The news was announced Thursday by Mayor, Yordanka Fandakova, who said that simultaneously with the launch of the line, the buffer parking with 1 300 spots will also open. The line from Mladost 1 district through Mladost 3 district to Tsarigradsko Shose is going to be 2.6-km long and it is expected that it would greatly...


AVERAGE BULGARIAN HOUSEHOLD'S INCOME UP 4% Q2 2011 Y/Y

AVERAGE BULGARIAN HOUSEHOLD'S INCOME UP 4% Q2 2011 Y/Y
(31/08/2011)

Topics: Economy      

The average quarterly total income per household member during the second quarter of 2011 was BGN 940. This is 3.8% more compared to the same quarter of 2010. The data was released Wednesday by the Bulgarian National Statistics Institute, NSI. The main part of this income (82.5%) came from wages, salaries and pensions with wages and salaries continuing to be the main source of household income. During the second quarter of 2011 they were BGN 494 per capita or by 8.4% more compared...


BULGARIAN FINMIN REJECTS IDEA OF BUDGET 2011 UPDATE

BULGARIAN FINMIN REJECTS IDEA OF BUDGET 2011 UPDATE
(31/08/2011)

Topics: Economy      

The State budget will not in any way need to be updated, Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, declared Wednesday. In an interview for the Bulgarian National Radio, BNR, Djankov said there is enough money in the budget and this is not the right moment to make updates at the time when most of the finances of European countries are shacking. The Minister's comments came on the heels of reports that during the regular meeting of the cabinet last week, Prime...


BULGARIAN GOVT: ECONOMY RECOVERS, STATE FINANCES STABILIZE IN H1 2011

BULGARIAN GOVT: ECONOMY RECOVERS, STATE FINANCES STABILIZE IN H1 2011
(31/08/2011)

Topics: Economy      

Bulgaria's Cabinet has adopted the report for the consolidated state fiscal program for the first half of 2011, stressing the stabilization of the country's macroeconomic indicators. "The stabilization and gradual recovery of the Bulgarian economy which started in the second half of 2010 are continuing in the first half of this year," the announcement of the Borisov Cabinet. It contains latest data from the Finance Ministry showing that in the first quarter Bulgaria's economy grew by 3.4%...



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