Business
Bulgarian King's Tobacco Cries Foul over Stolen Brand
Bulgarian cigarette maker King's Tobacco has accused an offshore company registered on the Virgin Islands of trying to lay its hands on their key brand – The King. The Pl...
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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.
Business
Financial
Bulgaria to Sue National Bank of Greece for EUR 3 M
Bulgaria's Privatization Agency is set to file a claim against the National Bank of Greece for at least EUR 3 M at the Court of Arbitration in Paris, for failing to pay a...
Economy
Lukoil Bulgaria Downs Fuel Prices, Far from Enough
Dominant fuel seller Lukoil Bulgaria decreased on Thursday petrol and diesel prices by some 2%, turning a blind eye to the much sharper drop in crude oil costs on global...
Financial
Bulgaria's Greek-owned 'UBB' Bank with BGN 64 M Profit in 2010
The United Bulgarian Bank (UBB), which is fully owned by the National Bank of Greece (NBG), has announced a net profit of BGN 63.88 M in 2010. The general assembly of the...
Economy
Russia Offers Bulgaria 14th Extension of Belene Nuclear Plant Contract
Russia's Atomstroyexport, a subsidiary of state nuclear corporation Rosatom, has offered Bulgaria a new extension of the contract for the construction of the Belene nucle...
Financial
Bulgarian Banks See Significant Growth in Deposits
Bulgaria's population managed to put aside regular savings over the last year, leading to a sharp increase in the money stashed in bank deposits, official data shows. Bul...
Investments
Northwest Bulgaria's Authorities Seek Investors to Revive Vidin Airport
Bulgaria's state authorities are seeking bidders for the concession of the inactive airport in the northwestern city of Vidin, Plamen Stefanov, Vidin District Governor, t...
Bulgaria's New National Tourism Site Coming in 1 Month
The new version of the national tourism portal of the Bulgarian government www.bulgariatravel.org is said to be ready in a month. According to the Bulgarian Ministry of E...
Economy
Bulgaria's Natural Gas Consumption, Output Grew in 2010 - Bulgargaz
Bulgaria's consumption of natural gas grew by 2% in 2010 compared with 2009, according to the newly released financial report of state company Bulgargaz. The Bulgargaz re...
Financial
FinMin: Bulgarians, Mind Own Business, No Worries about Global Markets!
Bulgarians should not be worried because they will not suffer from the effects of international stock market turmoil, according to Finance Minister Simeon Djankov. "There...
Bulgaria Likely to Probe Possible Mobile Price Cartel
Bulgaria's anti-trust commission is likely to launch a probe into a possible mobile price cartel after both Sofia and Brussels rose up against the rates charged by local...
Real Estate
742 New Residential Buildings in Bulgaria in Q2 2011
The number of completed new buildings increased in the second quarter of 2011, but the number of dwellings in them decreased, according to preliminary data the National S...
Real Estate
Bulgaria's Real Estate Market Stabilizes, Credit Demand Up - Report
The number of new mortgage loans has gone tangibly up in Bulgaria in the second quarter of 2011 as the real estate market and banking activity are becoming more dynamic,...
Economy
Bulgaria FinMin Vows Justice for High Mobile Prices Victims
Bulgaria's finance minister has launched a probe into the allegedly inflated prices that local mobile operators charge, the highest across the European Union, promising j...
Economy
Bulgaria Puts 2 More Military Plant Stakes on Privatization Table
Bulgaria's Privatization Agency has announced a tender for the sale of two state-owned minority stakes in two of the country's military repair plants from the TEREM group...
Real Estate
Bulgaria's Residential Properties Prices Keep 'Going Down' Trend
The average market price of residential properties in Sofia is down over 10% in the second quarter of 2011, compared to the same period of last year. The data comes from...
Bulgaria's Rice Production Tripled in 5 Years
Bulgaria's production of rice has been steadily on the rise in the past 5 years, according to latest data of the Ministry of Agriculture and Foods. While in 2005 Bulgaria...
Economy
Yemen was Bulgaria's Biggest Arms Export Partner in 2010 - UN
In 2010, Bulgaria acted as a mediator in an arms deal between Serbia and Cambodia for 50 T-55 tanks, according to the updated UN Register of Conventional Arms (UNROCA). T...
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