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...
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
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...
Investments
Bulgarian Govt Expects Major Outsourcing, Offshoring Investments
Some seven or eight new foreign companies have declared interest in starting outsourcing and offshoring operations in Bulgaria, according to Borislav Stefanov, head of th...
Economy
Bulgarian IT Sector Doubles Attracted EU Funds in 2010
Bulgarian IT companies and research and development organizations attracted a total of EUR 4 M in EU funding for IT projects in 2010, Bulgaria's Ministry of Transport and...
Economy
Rosatom to Claim EUR 1 B from Bulgaria over Missed Deadline
Bulgaria faces being taken to arbitration by the Russian contractor Rosatom over the nuclear plant project in Belene as it is likely to miss the July 1 deadline for signi...
Business
Nickelodeon Expands in Bulgaria
Nickelodeon will launch a localised block in Bulgaria next Monday, Broadband TV news reported. It will be carried for four hours daily – two hours of preschool animation...
Macroeconomic Data
WB: Bulgaria, Romania with Highest Projected GDP Growth in EU10
Bulgaria and Romania, where the crisis hit later than elsewhere, are set to see the biggest improvements in growth in 2011 and 2012 among European Union newcomers, accord...
Investments
Italian Companies Eager to Invest in Bulgaria's Renewable Energy
A number of Italian companies have declared readiness to invest in the development of Bulgaria's renewable energy sector at a round table organized by Confindustria Bulga...
Financial
Bulgarian Govt Predicts Greater FDI, Domestic Consumption Starting 2011
Bulgaria’s Finance Ministry has unveiled a set of moderately optimistic projections for the financial and economic development of the country in 2011, and in the 2012-201...
Business
Bulgarian Company Selected in infoDev's Top 50
The Bulgarian company "Kabinata" ("The Cabin") owner of the Kabinata.com website, has been selected as one of infoDev's top 50 innovative, technology-led small to medium...
Infrastructure
Economy Minister: Bulgaria Ranks 135th by Quality of Roads
Bulgaria ranks 135th in the world by the quality of its road infrastructure, Economy and Energy Minister, Traicho Traikov, announced Tuesday. Traikov took part in the con...
Business
Bulgarian Pharmaceutical Giant Sopharma to Expand across Eastern Europe
Bulgaria's largest pharmaceutical producer Sopharma, which registered record profit in 2010, plans to boost its presence in key Eastern European markets. Sopharma owner a...
Business
Ryanair Eager to Fly from Spain to Bulgaria's Plovdiv
Irish low-cost company Ryanair plans to open flights from Spain to Plovdiv in Bulgaria in the autumn of this year at the latest. "Even though the company recently dropped...
Financial
Bulgaria Fit to Join Euro Zone - Deputy Finance Minister
Bulgaria's government has assured fiscal indicators look good in terms of euro-adoption criteria, although entry into the euro zone is no longer dubbed top priority. "Our...
Business
Bulgarian Mattress Maker TED-BED Conquers Europe, Sets Eyes on Asia
Bulgaria's largest mattress producer TED-BED Jsc has registered impressive results on the European markets, and has directed its attention towards new export destinations...
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