Economy
JTI,КТ&G, Philip Morris Eye Bulgaria's State Tobacco Giant
Korea's КТ&G, Japan Tobacco International, Philip Morris and a few financial investors have declared interest in the privatization of Bulgaria's state cigarette producer...
Sofia
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Economy News from Bulgaria
Bulgarian Economic News: Economy stories for investors from InvestBulgaria, with an archive going back to 2010.
Economy
Economy
Gazprom Claims Gas Demand in Europe is Growing
The demand for gas in Europe has marked new records, according to an announcement by Russian gas giant Gazprom. "The European gas marked is breaking all records. During t...
Economy
Russian Ambassador: Bulgaria's Belene NPP to Be Built
The Bulgarian Belene NPP will surely be constructed, the Russian Ambassador to the Balkan country, Yuriy Isakov, declared Saturday. He was positive that the project is sa...
Economy
Sofia Cigarette Factory's Exports Up 40% in 2011 Q1
The Sofia cigarette factory of Bulgaria's still state-owned tobacco giant Bulgartabac has registered a substantial growth in exports. Sofia BT's export grew by 38.2% in t...
Economy
Bulgaria's New Renewable Energy Act Cools Down Investors' Hopes
Bulgaria's Parliament has adopted a controversial draft of the long-anticipated Renewable Energy Act that seems to be designed to reign in the staggering growth of solar...
Economy
Bulgaria's Mineral Water Concessions Generate Meager Revenues
Bulgaria's Environment Ministry made BGN 2.259 M in 2010 from the much celebrated concessions of mineral water sources around the country. The modest 2010 revenues came f...
Economy
Bulgarian IT Sector Doubles Attracted EU Funds in 2010
Bulgarian IT companies and research and development organizations attracted a total of EUR 4 M in EU funding for IT projects in 2010, Bulgaria's Ministry of Transport and...
Economy
Rosatom to Claim EUR 1 B from Bulgaria over Missed Deadline
Bulgaria faces being taken to arbitration by the Russian contractor Rosatom over the nuclear plant project in Belene as it is likely to miss the July 1 deadline for signi...
Economy
2 Fuel Distributors in Bulgaria Fined over Cartel Probe
Bulgaria's anti-trust commission has fined two fuel distributors over their failure to cooperate in a probe into an alleged fuel price cartel that was launched amidst dri...
Economy
Buyer Pays in Full for Bulgaria's Obsolete Steel Mill
The Eltrade Company has wired to the Bulgarian Bank for Development, BBD, the amount of BGN 284 399 500 for the purchase of the bankrupt Kremikovtzi steel mill, located n...
Economy
Bulgaria Earned BGN 17 M from Port, Airport Concessions in 2009
Bulgaria's state budget made almost BGN 16.8 M from the concessions of port and airport terminals in 2009, according to final reports of Bulgarian institutions, the gover...
Economy
Bulgaria, Areva Sign Cooperation Memorandum
The Bulgarian Energy Holding (BEH) and the Areva company signed a cooperation memorandum covering crucial spheres of the country's energy sector on Wednesday. Bulgaria ma...
Economy
HSBC Gets EUR 2.7 M Consulting Contract for Bulgaria's Belene NPP - Report
The Bulgarian government has signed a consulting contract with UK-based company HSBC for the financial analysis for the project for the construction of the Belene nuclear...
Economy
Bulgaria's Exports to Non-EU Countries Grow by 65.5% y/y Jan-Feb 2011
In the period January - February 2011, Bulgaria's exports to non-EU countries increased by 65.5% year on year and amounted to BGN 2.4 B. The data was released by the Nati...
Economy
Bulgaria's Sees 71.4% y/y Growth in EU Exports January 2011
Bulgaria's exports to the rest of the EU increased by 71,4% year on year in January 2011 reaching the amount of BGN 1,8 B. The data was released by the National Statistic...
Economy
Bulgaria’s Industrial Production Up by 15% y/y February 2011
Bulgaria's working day adjusted Industrial Production Index rose by 15.2% year on year February 2011, according to preliminary data by the country National Statistical In...
Economy
Carrefour to Open 6th Hypermarket in Bulgaria
French international hypermarket chain Carrefour has announced plans to open a sixth hypermarket in Bulgaria - in the southern city of Stara Zagora. Carrefour's first Bul...
Economy
Largest Bulgarian Mine with Record Coal Production Q1
The Maritza Iztok Mine in southern Bulgaria has scored 2011 its greatest yield for the first quarter of the year since 1997. For March 2011 miners at Maritza Iztok excava...
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