Investments
Bulgaria has secured a one-year extension on Belene loan
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 p...
Sofia
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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.
Investments
Interesting Facts
Tourism: Bulgaria to spend 300M leva on restoring castles, ancient sites
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 si...
Bulgarian Watchdog Empowered against 'Significant Market Power'
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...
Infrastructure
Bulgaria becomes second state to impose ban on shale-gas exploration
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 l...
Politics
Salary of Members of the Government
Members of the Parlament receive at least 18 000 lv ( 9 000 euro) salary per month
Interesting Facts
Bulgaria Ranks Third in Global Internet Speed Survey
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 Netwo...
Infrastructure
Bulgaria Opens Repaired Section of Danube Bridge 1
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...
Infrastructure
Municipality to Intersperse Sofia with Tourist Info Centers
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. Th...
Infrastructure
Russia 'Freezes' Burgas-Alexandroupolis Oil Pipeline over Bulgaria's 'Obstructions'
Russian oil pipeline monopoly Transneft will freeze the construction of the troubled Burgas-Alexandroupolis project, which has been largely obstructed by Bulgaria's gover...
Economy
Bulgaria Seals Sale of Bulgartabac to Russian Bank VTB
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 owne...
Investments
IKEA to Attract 1.5 M Visitors during 1st Year in Bulgaria
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 an...
Economy
Bulgarian FinMin: President Is Clueless about 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 Tuesda...
Infrastructure
Bulgarian PM Breaks Ground of 2nd Road to Greece
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 Maka...
Infrastructure
New Sofia Subway Line to Be Launched in May 2012
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...
Economy
Bulgarian Govt: Economy Recovers, State Finances Stabilize in H1 2011
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...
New Roads to Link Bulgaria's Ruse to Sofia-Varna Highway by 2020
Two brand new "high-speed" roads will link the Bulgarian Danube city of Ruse with the future Hemus Highway connecting Sofia and Varna through Northern Bulgaria, Ruse's Di...
Economy
Russia's State Bank VTB Approved as Buyer of Bulgaria Tobacco Monopoly
The Governing Board of Bulgaria's Privatization Agency approved Wednesday the sale of the State-owned tobacco monopoly Bulgartabac Holding to the Austria-registered BT In...
Economy
Average Bulgarian Household's Income Up 4% Q2 2011 Y/Y
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 wa...
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