Business
TransAtlantic Petroleum Buys Direct Petroleum Bulgaria
Texas-based company TransAtlantic Petroleum has closed deals on the acquisition of 100% of Direct Petroleum Bulgaria EOOD, Direct Petroleum Morocco Inc., and Anschutz Mor...
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.
Business
Real Estate
Bulgarian Residential Property Prices Stable
Residential property prices in Bulgaria have stabilized around the level from last year, while the volume of transactions has begun to increase. According to the Bulgaria...
Bulgaria to Lure French Partners with Roses, Wine & Cheese!
Bulgaria can attract French business partners with its capacities in the production of rose products, wines and cheeses, according to Bulgarian Minister of Agriculture Mi...
Ryanair Opens New Milan Bergano Route to Bulgaria's Plovdiv
Irish company Ryanair announced that it will open a new twice-weekly service from Milan Bergano to Plovdiv in Bulgaria which will commence on 7 May. The flights will be s...
Business
Bulgarian Tourism Expected to Grow 5-10% Winter Season
Bulgarian Minister on Economy, Energy and Tourism, Traicho Traikov, has stated the expected growth in tourism sector for the 2010/2011 winter season is 5-10%. "Tourism is...
Real Estate
Rockefeller Enters Bulgaria with Acquisition of Retail Park Plovdiv
Europa Capital, member of the US real estate company Rockefeller Group, announced it has entered into an agreement to acquire Retail Park Plovdiv, Plovdiv, Bulgaria, from...
Real Estate
Cleves Launches Major Luxury Rental Building in Sofia
Cleves, the luxury apartment rentals company, opened on Tuesday Sofia's most expensive rentals project – Cleves Este, a sumptuous 34-apartment building in the Iztok quart...
Financial
World Bank Vows Support for Bulgarian Infrastructure
The World Bank will continue to support the development of Bulgaria's infrastructure, its Director for Central Europe and the Baltic countries, Peter Harrold, stated in S...
Financial
Bulgaria Sees 2.1% y/y GDP Growth 4th Quarter 2010
Bulgaria's GDP growth rate in the fourth quarter of 2010 is 2,1%, year on year and 1,7% compared to the previous quarter, according to the National Statistical Institute'...
Financial
Bulgaria Registers 4.5% Inflation y/y January 2011
Bulgaria's year on year January inflation has been 4.5%, according to the National Statistical Institute's preliminary data. The inflation in Bulgaria has grown with 0.6%...
LED Factory Launched in Bulgaria's Godech
Bulgaria's Prime Minister, Boyko Borisov, officially opened Tuesday a factory for the production of light-emitting diodes (LED) in the western town of Godech. Borisov sai...
Real Estate
Colliers: 20 Sofia Buildings Dropouts of Office Space Market
The economic slowdown aside, the high share of unoccupied office space in Bulgaria's capital Sofia – 25.4% - is the result of the deficiencies of 20 office buildings, acc...
Financial
ECOFIN: Bulgaria Needs No Further Steps to Curb 'Excessive Deficit'
EU's Economic and Financial Affairs Council (ECOFIN) has confirmed the decision of the European Commission to terminate the excessive deficit procedure against Bulgaria....
Business
Bulgaria Registers 10% Boost in Wine Exports 2010
Bulgaria's wine exports have increased with 10% year on year in 2010, reaching 57.6 million liters, the country's Agriculture Minister, Miroslav Naydenov, has announced....
Bulgaria's Industrial Production Up by 5.2% December 2010 y/y
Bulgaria's industrial production grew by 5.2% year on year in December 2010 according to Eurostat, EU's statistical office. The country's industry registered its highest...
Economy
Bulgaria to Participate in World Travel Fair 2011 in Shanghai
Bulgaria will participate for the third time in World Travel Fair 2011, one of the biggest tourism exhibitions in Asia, which opens Friday in Shanghai. The Bulgarian pavi...
Investments
UK Co to Make Electric Cars in Bulgaria Stara Zagora
The British company Zero Carbon 2020 plans to begin, during the second quarter of 2011, putting together electric cars in a plant in Bulgaria's southern city of Stara Zag...
Economy
Bulgaria's New Cars Market Starts to Pick Up Tangibly
After it collapsed by some 50% y/y in 2009 and by 25% in 2010, Bulgaria's market of new vehicles has started to show more tangible signs of recovery. A total of 1 464 new...
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