Economy
Bulgarian Energy Watchdog Proposes 4% Gas Price Increase
The price of natural gas in Bulgaria should go up by slightly over 4%, announced Tuesday Angel Semerdzhiev, head of the State Commission for Energy and Water Regulation (...
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Bulgarian Business and Investment News
Short briefs on the data and rule changes that matter to investors, with an archive of Bulgarian business news going back to 2010.
Economy
Economy
Bulgarian Govt Extends Tender for Gorna Oryahovitsa Airport
Bulgaria’s Transport Ministry has extended the tender for the concession of Gorna Oryahovitsa Airport as no bidders have showed up within the original deadline. The new d...
Romanian Tops Bulgaria's Danube Town Ruse Rich List
The richest citizen of the Bulgarian town of Ruse, on the Danube, who earned BGN 3.12 M last year, has turned out to be a man from neighboring Romania, the national reven...
Infrastructure
Europe's Largest Metro Tunnel Opened in Bulgaria's Sofia
The subway tunnel with the largest cross section in Europe has been formally completed in the Bulgarian capital as part of the construction of the second line of the Sofi...
Investments
BGN 50 M Waste Recycling Plant Launched in Bulgaria's Varna
A waste recycling plant, an investment worth about BGN 50 M, was formally inaugurated at the Bulgarian Black Sea city of Varna. The recycling factory of Ecoinvest Assets,...
Infrastructure
Bulgarian Capital at Crossroads over 3rd Sofia Metro Line
The authorities in the Bulgarian capital Sofia are still mulling the route and type of the third line of the Sofia Metro, while the first two lines are still under constr...
Construction
Bulgaria Wants to Freeze Belene Nuclear Project Again
Bulgaria has demanded that Belene nuclear project is frozen for another three months as of July, the energy and economy minister announced on Friday. "We have proposed a...
Infrastructure
Bulgarian Govt Moves to Found Mega-Structure for Infrastructure
Bulgaria's government is certain to set up a state-owned mega-company to be in charge of large-scale infrastructure projects, a somewhat controversial brainchild of Regio...
Business
Bulgaria Oks Deal for Bulgarian-American Credit Bank
Bulgaria's anti-monopoly body said on Thursday it has given the green light to the sale of a 49.99% interest in Bulgarian-American Credit Bank. Allied Irish Banks announc...
Financial
Bulgaria's Rulers Back Out of Universal Pension Raise
The Bulgarian government of the center-right party GERB plans to raise the retirement pensions only of widows, according to the latest announcement of Finance Minister Si...
Business
Bulgarian Govt Grants Chevron Massive Shale Gas Exploration Concession
Bulgaria's Cabinet has formally decided to award a large-scale concession for shale gas exploration to US energy giant Chevron. The decision was formalized by the Borisov...
Business
EurOmax Finds New Gold Zones Near Bulgaria's Trun
The Canadian EurOmax Resources company has discovered new gold zones near the southwestern Bulgarian town of Trun during its drill program. Results include 87 meters at 2...
Financial
Bulgaria Registers 4.8% Inflation Y/Y in May 2011
The consumer price index (CPI) in Bulgaria in May 2011, compared to April 2011, was 100%, meaning the monthly inflation was 0%. The data was reported Tuesday by the Natio...
Economy
Bulgarian FinMin Bent on Privatization, Sacking
Bulgaria plans to put out four or five important companies for privatization, announced Minister of Finance Simeon Djankov. "Any moment is a good one for privatization, f...
Infrastructure
Regional Devt Head to Repair 3000 km God-Forsaken Roads in Bulgaria
More than 3 100 km of Bulgarian roads, most of which have not been touched in 30-40 years, will be repaired under 76 projects of the Road Agency, Regional Development Min...
Economy
Bulgaria Signs Up Westinghouse to Help Extend Life of NPP Kozloduy
The Bulgarian Energy Holding (BEH) and Westinghouse have signed a cooperation memorandum under which the US energy giant commits to helping extend the life of Units 5 and...
Business
Bulgarian Restaurant Named among Central, Eastern Europe's Top 10
Enoteca Uno in the Bulgarian capital Sofia has been selected as one of the ten best restaurants in Central and Eastern Europe according to the list announced during the D...
Business
10 000 Flock to Sofia Motor Show's First Day
More than 10 000 car enthusiasts visited Bulgaria's 2011 Sofia Motor Show on Saturday, the first day of the event. An unusually high amount of deals were struck on the fi...
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