Investments
German Wintershall Enters South Stream Pipeline
German company Wintershall has signed with Gazprom a preliminary agreement to acquire 15% of the South Stream pipeline. This development gives a significant boost to the...
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
Investments
Sopharma Business Towers Features First Eco Facade in Bulgaria
Sopharma Business Towers, an office development in Bulgaria's capital Sofia, has completed its eco facade, the Sopharma Properties company has announced. The hi-tech eco...
Politics
Bulgarian Right Wing: Belene Nuclear Plant Is National Treason
To make a decision to go ahead with the construction of a second Nuclear Power Plant in Bulgaria's Danube town of Belene is national treason, according to right-wing lead...
Investments
Borisov: Sure We're Gonna Build Belene Nuclear Plant!
In the latest swirl of statements in his typical style, Prime Minister Boyko Borisov has declared that the government will certainly build the second Bulgarian nuclear po...
Infrastructure
Bulgaria to Build 'Bullet' Train to Danube Bridge
Bulgaria will build a super-fast railroad highway to connect the capital Sofia with the western city of Vidin and the new Danube Bridge there. The investment amount is es...
Investments
Dutch Company to Invest in Bulgarian Solar Power Park
Dutch company Infinity Energy Holding AG will invest EUR 50 M in a solar power installation near the Bulgarian town of Devnya, near the Black Sea city of Varna. The annou...
Economy
Bulgaria Inks Agriculture Accord with Turkmenistan
Bulgaria and Turkmenistan signed an agreement on cooperation in the Agricultural sector on Thursday. The document was inked by Bulgaria's deputy Agriculture Minister Tsve...
Investments
Bulgaria's Burgas Mayor: Investors Eager for New Industrial Zone
Bulgarian and foreign companies are constantly inquiring with the city of Burgas for plots, which is why the Burgas Municipality has moved to set up a new industrial zone...
Investments
Bulgaria's Oldest Cosmetics Producer Offered on Sale for BGN 10 M
Bulgaria's oldest and largest cosmetics producer "Alen Mak" is on sale for about BGN 8-10 M, according to one of its creditors. The Plovdiv-based Alen Mak ("Scarlet Poppy...
Investments
Toshiba May Invest EUR 350 M in New Thermal Power Plant in Bulgaria
Japanese corporation Toshiba has declared interest in building two new thermal power facilities in Bulgaria's Maritsa East TPP complex, Economy Minister Traicho Traikov h...
Investments
Bulgaria to Set Up New Industrial Zone in Black Sea Port Burgas
A new industrial and logistics zone will be set up in Bulgaria's Black Sea city and port of Burgas by the local municipality administration and the state-owned "National...
Macroeconomic Data
Bulgaria Registers January Export Growth to Non-EU Countries
In January 2011, the Bulgarian exports to third countries increased by 74.1% compared to January 2010 and amounted to BGN 1.3 B. The data was released by the National Sta...
Economy
Bulgaria's Sofia Airport Sees 10 000 Passenger Increase y/y February 2011
A total of 243 107 passengers have been registered at the Bulgarian Sofia Airport in February 2011, which is a 10 000 increase year on year. This increase was due both to...
Economy
Sofia Mayor: Property Tax Changes Effective in 2012
The property tax campaign in Sofia is still on the table and will be carried out despite the issue with incorrectly calculated dues for part of the capital's residents. T...
Business
Bulgarian Export to EU Up by 25% in 2010 Y/Y
In 2010 the Bulgarian exports to the EU increased by 25% compared to the previous year and amounted to BGN 18.6 B, according to preliminary data by the Bulgarian National...
Investments
Bulgaria's Perperikon Sanctuary Receives BGN 1 M
The check for BGN 1 M is being presented to the Kardzhali City Hall Friday for the Thracian rock sanctuary Perperikon, which ranked second in the Bulgaria's Miracles cont...
Economy
Tour Operators Highly Optimistic about Bulgaria's Tourism in 2011
Large tour operators expect a substantial growth of bookings for vacations in Bulgaria by European tourists. Representatives of TUI, ITS, and Neckermann have met with Bul...
Investments
Black Sea Devt Bank to Invest up to EUR 150 M in Bulgaria by 2014
The Black Sea Trade and Development Bank (BSTDB) may provide up to EUR 150 M by 2014 for investments in Bulgaria through its credit lines, according to the Finance Minist...
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