Business
Bulgarians Promised Lower Mobile Prices End-Year
Bulgarians, who pay the highest prices for mobile calls across the European Union, will welcome the new year with good news for lower bills from their mobile operators, t...
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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
Investments
Bulgaria Moves to Create 3rd International Black Sea Airport
The Bulgarian Cabinet created Wednesday a limited state company for the management of Balchik Airport, following up on plans to transform the idling military facility int...
Infrastructure
Sofia City Hall Becomes Owner of Capital's Central Park
The lively Sofia Central Park, known as Borisova Gradina, named after Bulgaria's last king, Boris III, became Wednesday property of Sofia City Hall. The decision was made...
Business
Bulgarian Energy Minister Demands Lukoil Cartel Probe
Bulgaria's Economy and Energy Minister, Traiko Traikov, has requested a probe of the Commission for Competition Protection, KZK, into a possible monopoly on the jet fuel...
Investments
Russia Confirms VTB Bank Interest in Bulgaria's Bulgartabac, Plans Resale
Russian authorities have confirmed that the country's second-biggest bank VTB plans the acquisition of a majority stake in Bulgaria's cigarette maker Bulgartabac, local m...
Infrastructure
Bulgaria Launches Construction of Maritsa Highway
Bulgaria's Prime Minister, Boyko Borisov, and the Minister of Regional Policy and Public Works, Rosen Plevneliev, broke the ground of Lot 1 of Maritsa highway. The ceremo...
Macroeconomic Data
Bulgaria on Rocky Road to Recovery, GDP to Grow 3% 2011
Driven by strong exports, as well as the good performance of the industry and services sectors, the Bulgarian economy has started to expand, but too weakly and unsteadily...
Business
Finance, Insurance, Energy Ranked Most Stable Bulgarian Business Sectors
Nearly 8 000 from the over 49 000 business enterprises established in Bulgaria in 2008 have been closed a year later. The data comes from a study of the Bulgarian Nationa...
Business
Sofia's Office Space Market Sees Oversupply in H1 2011
Several years will be needed for the new office space in the Bulgarian capital Sofia to be absorbed by the market, according to a report of Colliers International. The to...
Investments
UK Company Vouches to Build New Sofia Prison
The British company Farans Construction Ltd has sent a letter to the Bulgarian cabinet, stating it is willing to build a new prison in Sofia. The company, based in Irelan...
Financial
Bulgaria's Budget Deficit Down H1 2011 Y/Y
The Bulgarian Finance Ministry has registered a budget deficit of BGN 650 M for the first half of 2011 or 0.9% of the expected GDP. In 2010, the budget deficit at the end...
Sports
State of Art Sports Arena Opens in Sofia
Bulgaria's Prime Minister, Boyko Borisov, officially opened Saturday the brand-new Sofia sports facility "Armeets Arena. The Mayor of Sofia, Yordanka Fandakova, and the M...
Financial
'Father' of Bulgaria's Currency Peg Backs FinMin in Euro Delay
Steve Hanke, the architect of Bulgaria's currency regime and one of the opponents of its Eurozone aspirations says the reason for the good state of the Bulgarian economy...
Business
Russia Lifts Ban on Vegetable Imports from Bulgaria
Russia has lifted the ban on vegetable imports from Bulgaria, which was imposed over the deadly E. coli outbreak, the consumer safety service announced. All shipments, en...
Business
Bulgarian PM Backs Lukoil License Suspension, Says Ministers Should Secure Fuel
Bulgarian Prime Minister Boyko Borisov has dubbed the revoked licenses of the two tax warehouses of Lukoil "a test" for the ministers". "Now we shall see if they were rig...
Business
Bulgaria's Business Climate Up 0.7% in July 2011
In July 2011, the total business climate indicator In Bulgaria increases by 0.7%, compared to its level from the previous month, the National Statistical Institute, NSI,...
Financial
Bulgaria MPs Debate Constitution Changes over Proposed Fiscal Pact
The Bulgarian parliament will debate at first reading on Thursday constitutional amendments, proposed by Finance Minister Simeon Djankov, which will pave the way for the...
Business
Bulgarian Town Plans Recreational Park in Ledenika Cave
The Bulgarian city of Vratsa announced Tuesday the project of constructing a BGN 5.3 M recreational part in the Ledenika Cave. The project is funded by the Regional Devel...
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