Economy
US Contour Global OKed to Buy Enel Stake in Bulgaria Plant
Bulgaria's antitrust regulator has given approval to US investment fund Contour Global to acquire the majority stake of Italian energy giant Enel in Maritsa East 3, a Bul...
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
Economy
Shale Gas to Win Bulgaria's Energy Independence - Minister
The shale gas resources in Bulgaria could greatly improve the country's energy independence and would create a new alternative for its gas needs, Bulgarian Economy and En...
Bulgaria Slumps Further in World Competitiveness Ranking
Bulgaria has lost two spots to finish 55th on the competitiveness ranking of the International Institute for Management Development (IMD), covering 59 key countries. Acco...
Largest Bulgarian Resorts Acquire New Status
Bulgaria's national resorts will be declared "settlements with particular status" with unified urban planning and management. The information was reported by the daily St...
Financial
IMF Sees Bulgarian Economic Growth at 3%, Inflation -5.3% End-2011
The International Monetary Fund expects Bulgaria's economy to grow 3% at the end of this year as a global recovery boosts exports demand in the EU. The IMF forecast for t...
Investments
Energy Irish Island Renewable Energy Said to Eye Bulgaria Wind Park
Irish company Island Renewable Energy may build a wind park in the Northern Bulgarian Suhindol municipality,Nikolay Nikolov, its executive director for Southeast Europe,...
Business
Lukoil: USD 100 Per Barrel is Fair Oil Price
The current price of oil around USD 100 per barrel is completely fair, according to Russian oil company Lukoil's president Vagit Alekperov. Over the spring, company's Bul...
Business
Bulgarian Tycoon Sells Heating Utilities to Offshore Companies
Bulgarian energy tycoon Hristo Kovachki has been allowed to sell two heating utilities to offshore companies registered in the Seychelles. Bulgaria's Competition Protecti...
Investments
US Ambassador: Bulgaria's IT, Agriculture Key Sectors for Attracting US Investment
Bulgaria presents exciting trade and investment opportunities for US companies, US Ambassador James Warlick said before embarking on a "Road Show" in four US cities toget...
Business
Borisov's Ex Buys Half of Bulgarian-American Credit Bank
Bulgarian tycoon Tsvetelina Borislavova, more publicly known as the woman with whom Prime Minister Boyko Borisov formerly lived out of wedlock, has returned in the bankin...
Financial
Bulgaria to Amend Constitution for Financial Stability by June
The Bulgarian Constitution will be amended by June to enforce the provisions of the new Financial Stability Pact, announced PM Boyko Borisov Sunday. "I hope for the suppo...
Infrastructure
Bulgaria Gives Official Launch to Its First Completed Highway
Bulgarian PM Boyko Borisov officially launched Sunday afternoon the newly-finished Lyulin Highway linking capital Sofia to the E-79 international road to Greece. Present...
Infrastructure
Bulgarian Minister Vows 1 Highway Per Year
Bulgaria will continue building and finishing highways, with Trakiya to be ready in 2012 and Maritsa in 2013, promised Minister of Infrastructure Rosen Plevneliev. Sunday...
Investments
EC to Finally Give Green Light to Sofia Waste Plant
The European Commission's approval of the first stage of the construction of the waste plant near Sofia is expected in just weeks, according to the Head of the Regional P...
Business
Bulgarian Railroads Launch Business Class Cars
The Bulgarian State Railroads, BDZ, are launching for the first time in the summer business class cars. The news was announced Saturday by Transportation Minister, Aleksa...
Business
Shell VP in Sofia: Transport's Energy Efficiency Future Lies with 3 'S'-s
Smart consumption, smart machines, and smart infrastructure is the future of energy efficiency, according to Hans van der Loo, Vice President of Shell International and h...
Investments
Coca-Cola Announces New Bulgarian Investments on Its 125th Birthday
Coca-Cola Hellenic has announced new investments in Bulgaria's capital Sofia amidst the celebrations of Coca-Cola's 125th birthday. Sofia has been selected from among 14...
Business
Bulgaria Set for Highest Growth of Russian Tourists' Number Ever
Bulgaria expects an year-on-year growth of some 70% in the number of Russian tourists for the 2011 summer season, according to consular officials. A total of 10% more for...
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