Economy
Bulgarian Customs Boast Outstanding Results in Sept
Bulgaria's Customs Agency said it raised 101.2% of the revenues that it planed to collect in September 2010. The Agency brought a total of BGN 619 M to the state budget,...
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
Economy
Bulgaria, Morocco Ink Maritime Trade Agreement
Representatives of Bulgaria and Morocco have signed a bilateral sea trade agreement that has been hailed an important step by the government in Sofia. The deal was signed...
Construction
Bulgarian PM Asks Russians to Build Belene NPP for EUR 7 B
Bulgaria's Prime Minister Boyko Borisov hinted he has asked Russian company Atomstroyexport to build the Belene Nuclear Power Plant for not more than EUR 7 B. Borisov has...
Economy
Bulgaria GDP Grows 0.5% in Q2, Spells End of Recession
Bulgaria's seasonally adjusted gross domestic product marked an increase of 0.5% in the second quarter compared to the first three months of the year thanks to a rise in...
Economy
Romania Wants to Export Electricity to Bulgaria
Romania could export more electricity to Bulgaria, according to Adrian Baiscusi, general manager of Romanian power grid operator Transelectrica (TEL). Baicusi has stated,...
Business
Melrose Lands Yet Another Concession Contract in Bulgaria
Edinburgh- based oil and gas explorer Melrose Resources has landed a seven-year concession contract to extract natural gas from the Kaliakra field in Bulgaria, the govern...
Infrastructure
Bulgaria, Turkey to Join Forces for EU Funding of Gas Grids
Bulgarian Energy Minister Traicho Traikov has met with his Turkish counterpart, Taner Yildiz, during the second edition of the two-day "Black Sea Energy and Economy Forum...
Business
Sofia Airport Launches 2 New Routes
Sofia Airport has announced it will launch two new routes on Friday. One of the routes will be conducted by the Russian Ural Airlines, which will start executing weekly f...
Investments
Italian Companies to Invest Up to EUR 3 B in Bulgaria by 2020
Foreign direct investments by Italian companies in Bulgaria will amount to EUR 1-3 B in the next ten years, according to estimates of Confindustria Bulgaria, the Italian...
Economy
International Technology Fair Opens in Bulgaria's Plovdiv
The International Technology Fair opens Monday in Bulgaria's second largest city of Plovdiv with participants from over 41 countries. The number of companies with display...
Economy
Bulgaria Plans to Fight Crisis with Culture Tourism
Bulgaria will advertise its culture and historical heritage with video clips and films, will start issuing licenses to tour guides while the cabinet will invest in the in...
Macroeconomic Data
Bulgaria to Introduce Flat 9% VAT in Tourism April 2011
Bulgaria's government will introduce a flat 9% value-added tax (VAT) in the tourism sector, not 14% as initially planned, as of the beginning of April next year, a deputy...
Business
Bulgaria's Balchik Boasts 30% More Foreign Tourists
Bulgaria's northern Black Sea resort welcomed 156 000 foreign tourists in May-August, 2010. This is a 30% increase year-on-year, according to data from the Balchik Munici...
Macroeconomic Data
Bulgaria's Unemployment Down to 9,07% in September
The unemployment rate in Bulgaria in September has dropped to 9,07%, announced Labor Minister Totyu Mladenov. According to him, there are currently about 3000 available j...
Infrastructure
Serbia Ready to Start Building South Stream
Serbia is about ready to start the construction of the South Stream gas transit pipeline, announced the head of the Srbijagas company Dusan Bajatovic. Bajatovic told the...
Construction
Bulgarian Supreme Court Confirms Sofia Waste Plant Bid
The Bulgarian Supreme Administrative Council (VAS) ruled Friday to give final approval of the order of the Mayor of Sofia, Yordanka Fandakova, for the selection of the wi...
Financial
Bulgaria Plans to Issue Bonds Worth EUR 1 B in 2011
Bulgaria is planning to sell bonds amounting to EUR 1 B on the international market in 2011 to shore up its finances, according to a finance ministry draft paper, cited b...
Financial
Bulgaria Ups Its Minimum Wage to BGN 270
Starting Thursday, the minimum monthly wage in Bulgaria grows from BGN 240 to BGN 270 (EUR 137). According to the country's Finance Minister Simeon Djankov, the minimum w...
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