Construction
Bulgarian Tycoon Nails Again Road Construction Offer
A consortium including a company controlled by Vasil Bozhkov, one of Bulgaria's richest and most high-profile businessmen, won the bid for the construction of a section o...
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.
Construction
Real Estate
TransGlobal Assets Contracts Bulgarian Construction Firm for Black Sea Resort
TransGlobal Assets, an Oregon-based company, has contracted Bulgarian construction firm Sofstroy for complete the development of the White Lagoon Black Sea resort, a USD...
Financial
Bulgarian Govt Sector Deficit Reaches 3.2% of GDP 2010
Bulgaria's General Government Sector reported in 2010 a government deficit of BGN 2 269,2 M or 3,2 % of GDP, according to National Statistical Institute's preliminary dat...
Business
JTI, КТ&G Said to Eye Bulgaria's Bulgartabac
Korea's КТ&G, Japan Tobacco International, Czech and British investment funds have declared interest in the privatization of Bulgaria's state cigarette producer Bulgartab...
Business
Bulgaria Launches Privatization of State Tobacco Giant
Bulgaria's state cigarette producer Bulgartabac Holding, whose management has been harshly criticized in recent years, will be declared for privatization on Tuesday after...
Real Estate
Sofia Residents Demand Ban on Construction
Residents of Lyulin, one of the largest neighborhoods of Bulgaria's capital Sofia, gave a press-conference Monday to announce their demands for a ban on construction in t...
Economy
Gazprom Claims Gas Demand in Europe is Growing
The demand for gas in Europe has marked new records, according to an announcement by Russian gas giant Gazprom. "The European gas marked is breaking all records. During t...
Economy
Russian Ambassador: Bulgaria's Belene NPP to Be Built
The Bulgarian Belene NPP will surely be constructed, the Russian Ambassador to the Balkan country, Yuriy Isakov, declared Saturday. He was positive that the project is sa...
Business
Bulgaria's Monbat Battery Producer Sees 22% Revenue Increase Q1 2011
The Bulgarian Monbat battery producer, as well as its daughter company, Monbat Recycling SRL, have registered a 22% increase in revenues in the first quarter of 2011. Mon...
Business
Major Global Firms Declare Interest in Sofia Airport Concession
Major international transport companies have declared interest in the concessions of Sofia International Airport announced by the Bulgarian government on April 6, the Tra...
Business
Construction of Bulgaria's National Sports Arena Completed
The crude construction of Bulgaria's first National Sports Arena has been completed ahead of schedule by the state company Glavbolgarstroy. The construction of the 12 410...
Investments
US Company Set to Acquire USD 400 M Bulgarian Black Sea Resort
TransGlobal Assets, an Oregon-based company, has announced plans to acquire a Bulgarian Black Sea resort development, an investment estimated at USD 400 M once completed....
Business
Kozloduy NPP Tiptoes around Bulgaria-Russia Belene Project Talks
The management of Bulgaria's only operational Kozloduy NPP has denied being involved in any way in the ongoing Bulgarian-Russian talks for the construction a second nucle...
Economy
Sofia Cigarette Factory's Exports Up 40% in 2011 Q1
The Sofia cigarette factory of Bulgaria's still state-owned tobacco giant Bulgartabac has registered a substantial growth in exports. Sofia BT's export grew by 38.2% in t...
Economy
Bulgaria's New Renewable Energy Act Cools Down Investors' Hopes
Bulgaria's Parliament has adopted a controversial draft of the long-anticipated Renewable Energy Act that seems to be designed to reign in the staggering growth of solar...
Business
Bulgaria to Turn EU's Poorest Region into 'Tax Paradise'
Bulgaria's Cabinet intends to take measures to encourage foreign direct investment in the northwestern part of the country, the Severozapaden region, which is the poorest...
Real Estate
Bulgaria Sees 5.6% Drop in Dwelling Prices
The market price index of Bulgaria's dwellings for the first quarter of 2011year on year was 94.4%, i.e. the average decrease of the market prices of the dwellings was 5....
Economy
Bulgaria's Mineral Water Concessions Generate Meager Revenues
Bulgaria's Environment Ministry made BGN 2.259 M in 2010 from the much celebrated concessions of mineral water sources around the country. The modest 2010 revenues came f...
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