Business
NAVIBULGAR to Build 6 Ships in Bulgaria's Varna
The Navigation Maritime Bulgare company (NAVIBULGAR) is planning to construct at least 6 ships in the ship building yard of MTG-Dolphin PLC in the Bulgarian Black Sea cit...
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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.
Business
Real Estate
Bulgaria with Record Growth of Commercial Space in 2010 Q2
A record amount of new commercial space was opened in Bulgaria in the second quarter of 2010, according to a report of Forton International, a property advisory company....
Economy
World Bank President Heaps High Praise on Bulgarian Government
President of the World Bank Robert Zoellick praised the Bulgarian government for successfully tackling the global economic crisis on his official visit to the country Mon...
Bulgarian Real Estate Experts Expect Standstill of Prices
The prices of real estate in Bulgaria will probably remain at their current level in the next few months, the head of the National Real Estate Association has announced....
Financial
Bulgaria Sells State Bonds Big
The Bulgarian National Bank announced a major sale of EUR 61.5 M worth of state bonds, exceeding more than four times the initially planned amount. The average profitabil...
Economy
Bulgaria to Receive Green Energy Funding from Norway
Norway will give Bulgaria financial support for projects focused mostly on environment and energy efficiency issues. Bulgaria will receive the EUR 126,6 M in the next fou...
Macroeconomic Data
Bulgarian Economists Forecast Smaller GDP Growth for 2011
The Center for Economic Development has announced its forecast that Bulgaria will overcome the economic crisis at the end of 2010 or at the beginning of 2011 the earliest...
Infrastructure
Bulgaria's PM to Open Construction of Lot 3 of Trakiya Highway
Bulgaria's PM Boyko Borisov and the Minister for Regional Development, Rosen Plevneliev, will make the first groundbreaking of Lot 3 of the Trakiya Highway on Monday. The...
Financial
Bulgaria C-Bank Interest Rate Back to Record Low
The Bulgarian National Bank (BNB) has set the basic interest rate back to its lowest levels since the index was recorded for the first time in 1991. From August 1 2010, t...
Investments
Lufthansa Technik Expands in Bulgaria
Lufthansa Technik Sofia, a joint venture between Germany’s Lufthansa Technik and the Bulgarian Aviation Group, announced it will invest in the construction of new facilit...
Investments
AES Plans to Construct USD 400 M Solar Power Plant in Bulgaria
AES Corp., the U.S. power producer with operations in more than two dozen countries, is keen on constructing in Bulgaria a USD 400 M solar power plant with a capacity of...
Investments
Czech Power Utility to Invest BGN 2 M in Renovation
The Czech-owned electric power utility CEZ will invest BGN 1 936 000 M in a renovation of the “Metro”subfeeder, which provides electricity to the northwestern region of t...
Investments
Bulgaria's Defense Industry Invests Up to BGN 6 M Annually in R&D
The Bulgarian military-industrial complex invests between 10% and 30% of its combined profit annually in research and development activities. According to the latest repo...
Financial
BNB: EU Stress Test Proves Stability of Bulgarian Banks
The European bank groups represented in Bulgaria, which took part part in the pan-European bank stress tests demonstrated stability and high capital adequacy, the Bulgari...
Economy
Bulgaria Sees Growth of Household Savings, Non-Performing Loans
The savings of the Bulgarian households reached BGN 25.5 B in June 2010, which is a year-on-year increase of 13.4%. According to latest data of the Bulgarian National Ban...
Construction
Bulgaria's PM: New Hydropower Station Project to Start 2012
The Gorna Arda hydropower plant project is extremely important for the development of the region of south-eastern Bulgaria, said Bulgarian PM upon the joining of Austrian...
Investments
2 American Companies Apply to Search for Shale Gas in Bulgaria
Two US companies have expressed interest in drilling for shale gas in Bulgaria, the Ministry of Economy, Energy and Tourism announced. The Ministry has received a total o...
Foreign Investment
Bulgarian Government Moves to Lure Hi-Tech Investors with State Aid
Bulgaria's Cabinet has adopted new measures to lure foreign investors. Pictured: Economy MInister Traikov (left) with Prime MInister Borisov (right) during a recent inves...
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