Economy
Bulgarian FinMin Rejects Idea of Budget 2011 Update
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 th...
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.
Economy
Infrastructure
Bulgaria to Start Building Long-Awaited Section of Danube-Aegean Road
Bulgaria's government will launch September 1, 2011, the long-anticipated construction of a key section of the road from the Danube city of Ruse on the Romanian border to...
Economy
Bulgarian Energy Watchdog: Power Utilities Might Be Restructured
Electrical power utilities operating in Bulgaria might need to go through a restructuring, according to Angel Semerdzhiev, the head of the Bulgarian state energy regulato...
Economy
Alpha Bank, Eurobank EFG Merger Creates Biggest Bank in Greece, 3rd Biggest in Bulgaria
Two of Greece's major banks – Alpha Bank and Eurobank EFG – have formally announced their planned merger, which will create the largest bank in Greece, and the third larg...
Business
Bulgarian Black Sea Resort Albena Sees 6% More Tourists in 2011
One of the top Bulgarian Black Sea resorts, Albena, has seen an increase of 6% in the number of tourists during the 2011 summer season, year-on-year, a company representa...
Business
Bulgaria's 2011 Income from Foreign Tourists to Reach EUR 2.7 B
Bulgaria's total 2011 income from foreign tourists will reach EUR 2,7 B, according to estimates from the National Tourism Board, an NGO. Thus, in 2011, Bulgaria's income...
Economy
Bulgarian Govt Plans to Privatize State Railway Freight Service
Bulgaria's Cabinet could complete the privatization of the "Freight Services" unit of state railways operator BDZ Holding within six months, according to Transport Minist...
Real Estate
Bulgaria Ranked 1st in Europe by Low Construction Cost
Building construction in Bulgaria is the cheapest in Europe, according to a comparative analysis of the EC Harris company, specializing in construction consulting. The Bu...
Economy
Lukoil Bulgaria CEO Firm in Rebuffing Tax Violations Claims
The CEO of Lukoil Bulgaria, Valentin Zlatev, remains unwavering the company has not committed any tax or Customs law violations. "Lukoil does not have even one citation f...
Bulgaria Sees Increase of Foreign Visitors July 2011 y/y
The number of arrivals of visitors from abroad to Bulgaria in July 2011 was 1 609 900, which indicates a 2.6% increase year on year, the country's National Statistical In...
Bulgarian Resort Sunny Beach Demands British Police Officers for 2012
Bulgaria's popular southern Black Sea resort of Sunny Beach wants British police officers to patrol it during the next tourist season. "We are sure this would be a fairly...
Financial
Bulgarian Cabinet Promises Not to Raise Taxes While in Power
Bulgaria's government of Prime Minister Boyko Borisov and his center-right GERB party will not raise taxes until its term ends in 2013, the country's Finance Minister and...
Bulgaria Clueless on Tourist Numbers in Its Black Sea Resorts
The chaotic urban development of the Bulgarian Black Sea resorts has been exposed as the Regional Development Ministry is trying to figure out how many tourists reside in...
Economy
Sofia Airport to Manage Bulgaria's 3rd Black Sea Airport in Balchik
Bulgaria's Cabinet has assigned the management of the future civilian airport at the Black Sea town of Balchik to Sofia International Airport. “Sofia Airport, whose paren...
Giant 'Dinosaur' Pays Visit to Bulgaria's Varna
A peculiar tourist attraction – a 45-meter-long artificial dinosaur has arrived in Bulgaria's Black Sea capital Varna. The curious are welcome to take a tour inside the g...
Infrastructure
Sofia Turns Romania-Bulgaria-Greece Dream Road into Priority Project
Bulgaria's Cabinet has declared the road from the Danube city of Ruse on the Romanian border to the Makaza Pass on the Greece border to be a project "of national importan...
Economy
Bulgarian Govt Grants New 'Final' Extension on BA Oil Pipeline
The Bulgarian government has granted Trans-Balkan Pipeline, a Bulgarian-Greek-Russian project company, another extension on the environmental assessment of the Burgas-Ale...
Economy
Bulgarian Customs Agency Inspects Lukoil on Suspicions of Tax Evasion
Bulgaria's Customs Agency is checking whether Lukoil Neftochim is being siphoned off by its subsidiary Litasco, which controls volumes entering and exiting the oil refine...
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