Economy
Western Bulgaria's Utility CEZ to Invest BGN 59 M in 2011
The Czech-owned electricity provider of Sofia and Western Bulgaria CEZ plans to invest a total of BGN 59 M in its network and capacities in 2011. The CEZ investments only...
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
Investments
Bulgaria's Largest Mall to Pop Next to 1st IKEA Store
The breaking ground for the largest so far shopping mall in Bulgaria will be made in June 2011, in the area of the southern loop of the capital Sofia's beltway. The news...
Bulgaria to Seek Strategic Investor for Largest Military Factory
Bulgaria will be looking for a strategic investor for its largest weapons factory, VMZ Sopot, which has been scheduled for privatization. This a major win for Minister of...
Construction
Sofia Citizens to Enjoy 5 New Shopping Malls by 2013
Five more shopping malls will open doors in Sofia in the next 2-3 years, according to real estate company GVA Sollers Solutions. Construction works have already begun for...
Investments
Israel to Invest in Bulgarian Agriculture Production
Israeli holding, named Bulgarian Agriculture Properties, is planning to invest in the vegetables production and processing sector in the Bulgarian city of Yambol. As a re...
Economy
Sofia City Hall to Extend Paid Parking Hours
The Center for Urban Mobility at the Sofia City Hall plans to extend the paid parking hours in downtown Bulgaria's capital to 8 pm on workdays. Currently parking in the s...
Investments
Greek Tobacco Plant Open Doors in Bulgaria's Sandanski
Bulgaria’s Economy Minister Traicho Traikov and Greece’s Deputy Prime Minister Theodoros Pangalos opened Saturday a new tobacco processing plant in the Bulgarian town of...
Business
Bulgaria's Business Climate, Industry Forecasts Improve in January
Bulgaria's composite business climate index improved by 1.9% in January compared with December 2010. The index is already 6.6 percentage points over its lowest value in t...
Economy
Bulgarian IT Market to Near USD 1 B in 2011
Bulgaria's IT market will grow by an annual average of 6% in 2011-2015, according to the Bulgaria Information Technology Report 2011 of Business Monitor International (BM...
Economy
Bulgarians' Interest in Online Shopping Doubles Y/Y
The number of Bulgarians who have made online purchases more than once a month in the last year went up two times, according to a poll of "Gemius Bulgaria." The poll has...
Economy
New Jersey-Based Company Acquires Land for Solar Plants in Bulgaria
Euro Solar Parks, Inc., a company based in New Jersey, USA, has announced the completion of its acquisition of two land properties for solar parks in Bulgaria. The strate...
Macroeconomic Data
Bulgaria Introduces Flat 9% Value-Added Tax in Tourism April 2011
The ruling majority in Bulgaria's Parliament has voted down a proposal for a several-month delay in the introduction of a flat 9% value-added tax (VAT) in the tourism sec...
Economy
Bulgaria Launches Online Tourist Calendar
The Bulgarian Ministry of Economy, Energy and Tourism has launched an online calendar listing interesting tourists sites and events. The calendar has a web address - www....
Economy
Bulgaria to Go Ahead with Privatization of Its Largest Military Plant
The troubled VMZ Sopot factory, which is Bulgaria's largest defense industry plant and was once the pride of its military-industrial complex, will be put on the privatiza...
Business
Bulgarian-Japanese Business Forum Held in Tokyo
A Bulgarian-Japanese business forum was held in Tokyo Monday within PM Boyko Borisov's official visit to Japan. The meeting was co-organized by the Tokyo Chamber of Comme...
Economy
Japanese Agriculture Minister Fan of Bulgarian Yogurt
Japan is very interested in importing chicken meat from Bulgaria, Agriculture Minister, Miroslav Naydenov, announced Tuesday. Naydenov, who is in Japan with the official...
Economy
Bulgaria's Residential Property Prices Down 33% in 2 Years
The average price of residential properties in Bulgaria is down by over 33% compared to the market peak in 2008, data of the National Statistics Institute (NSI) and the R...
Economy
Bulgaria to Boost Green Employment
The Bulgarian government will subsidize companies who offer green jobs and hire unemployed people for an at least 6 month period. This was announced Monday at a joint pre...
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