Economy
Germany Too Lauds Bulgaria's Fiscal Discipline
Bulgaria has become the picture of fiscal discipline, a top ranking German diplomat has said during his visit to Sofia, bringing good news for policy makers here. "Bulgar...
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
Business
Sofia Airport Processed 1.7 M Passengers in Q1, 2012
In the first six months of 2012, Sofia Airport processed a total of 1 694 728 passengers, up by 0.7% from the same period of 2011. According to a media statement of Sofia...
Business
800 Bids Compete for EUR 21 M under JEREMIE in Bulgaria
Some 800 teams with business ideas have applied for funding under the Entrepreneurship Acceleration and Seed Financing Instrument under the JEREMIE initiative. The first...
Financial
Fitch Affirms 3 Bulgarian Mid-Sized Banks
Fitch rating agency has affirmed the long-term issuer default ratings of three mid-sized Bulgarian banks. The banks are Societe Generale Express Bank AD (SGE) and Allianz...
Financial
Bulgaria's Fiscal Reserve Recovers after Bond Sale
Bulgaria's fiscal reserve increased to reach BGN 6.5 M after the successful sovereign bond issue, Finance Minister, Simeon Djankov, has boasted. According to Djankov, by...
Macroeconomic Data
Bulgaria's Exports, Imports Increase Jan-May 2012 Y/Y
Bulgaria's exports increased by 0.9% in the first five months of 2012 year on year, while the country's imports grew by 12.1% in the same period. In the first five months...
Economy
Bulgaria Launches Privatization of Largest Military Plant
Energy and Economy Minister Delyan Dobrev and Labor Minister Totyu Mladenov launched Tuesday the privatization of VMZ Sopot, Bulgaria's largest defense industry plant. Th...
Economy
4, 5-Star Hotels Had Bulgaria's Highest Occupancy Rate in May
4 and 5-star hotels had the highest occupancy rate in May, at 25.6%, according to data of Bulgaria's National Statistical Institute (NSI). 3-star hotels had an average 17...
Business
German Retailer Lidl Expands on Bulgaria Low-End Market
German discount retailer Lidl said it has expanded its chain in Bulgaria, a move that will heat up further the competition in the sector. The new shops are located in the...
Business
1st Solar-Powered Electric Vehicle Charging Point Launched in Sofia
Bulgaria's first solar-powered electric vehicle charging station was unveiled Monday in front of Inter Expo Center on the Tsarigradsko Shose Blvd in Sofia. The project wa...
Business
Credit Agricole Already Owns Directly Emporiki Bank Bulgaria
French bank Credit Agricole has officially taken control of the Bulgarian assets of its Greek subsidiary Emporiki Bank. The transfer of all 83 876 135 shares took place l...
Financial
Eurobond Float Keeps Investors Coming Back
Ten years after Bulgaria last appeared on the international capital market, the country made a successful comeback, but the biggest test is yet to come, according to anal...
Financial
Bulgaria, Lithuania Neck and Neck in Bond Success - FinMin
Bulgaria's success in floating EUR 950 M worth of five-year bonds last week at a yield of only 4.25% comes close to the price higher-rated Lithuania achieved earlier this...
Macroeconomic Data
Bulgaria's Industry Up, Construction Down May 2012 Y/Y
According to flash estimates, the seasonally adjusted industrial production index in Bulgaria increased by 0.9% in May 2012, compared to April 2012. The preliminary data...
Financial
Bulgaria to Start Privatization of Largest Military Plant July 10
The privatization process for VMZ Sopot, Bulgaria's largest defense industry plant, is to be launched Tuesday, according to Energy and Economy Minister Delyan Dobrev. In...
Economy
Sofia Ranked 11 among Cities with Most Adequate Hotels
Bulgaria's capital Sofia slipped down one spot in the global ranking of cities with hotels with top customer satisfaction. The rating is published by hotel.info every qua...
Infrastructure
Bulgarian Govt Promises Faster Construction of Highway to Turkey
The delays in the construction of Lot 1 of Bulgaria's Maritsa Highway leading to the border with Turkey will be made up for, according to the Bulgarian government. The co...
Business
Bulgaria, Montenegro to Cooperate on SME Promotion
Bulgaria's government approved Wednesday a memorandum of understanding between Bulgaria's Executive Agency for Promotion of Small and Medium-Sized Enterprises and Montene...
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