Economy
Greek OTE to Sell Bulgarian Unit Globul
Greek telecommunication group Hellenic Telecommunications Organization, known as OTE, is selling its unit in Bulgaria. The revenues from the sale of Globul, Bulgaria's se...
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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 Drops License Requirement for 10 MW Power Plants
Power plants with a total installed capacity of up to 10 MW will not need a license for electricity and heat production, according to amendments to Bulgaria's Energy Act...
Economy
Bulgaria Hopes to Sell 50.5% in Bourse by End-2012
Bulgaria hopes to find an investor for its only stock exchange by the end of this year after failing to do so by the beginning of the summer as initially planned. "In ter...
Economy
Bulgaria Expects 10% Growth of Foreign Tourists Summer 2012
Bulgaria will see a 10% growth in the number of tourists visiting it this summer, according to Delyan Dobrev, Minister of Economy, Energy and Tourism. Dobrev is convinced...
Economy
Polish Co Silesia Most Likely Savior of Bulgaria's Lead and Zinc Complex
Polish consortium Silesia is the most serious bidder for the indebted Lead and Zinc Complex (LZC; OTZK) in Bulgaria's Kardzhali, Bulgarian Economy Minister Delyan Dobrev...
Economy
Bulgaria to Start Building Gas Link with Romania August 2012
Bulgaria will launch the construction of its cross-border gas link with Romania in August, the country's Economy and Energy Minister, Delyan Dobrev, has revealed. The gas...
Economy
Bulgarian MPs Endorse Presidential Veto on Ski Development Law
MPs from the Parliamentary Agriculture Committee backed Thursday the veto imposed by Bulgarian President Rosen Plevneliev on a set of controversial amendments to the Fore...
Economy
Bulgaria Won't Drop South Stream Project
Bulgarian Economy and Energy Minister Delyan Dobrev has ruled out the possibility of Bulgaria exiting the South Stream gas pipeline project. "Currently, there is no dange...
Economy
Bulgaria Optimistic about Finding Natural Gas in Black Sea
Three energy giants have submitted bids for exploration and exploitation of natural gas in the so-called "Khan Asparuh" block in Bulgarian Black Sea waters. According to...
Economy
Ilyumzhinov Buys Majority Stake in Bulgaria's Petrol Holding, Ershov Out
Swiss-based Credit Mediterranee owned by Kalmyk multi-millionaire Kirsan Ilyumzhinov has acquired a 52.5% stake in Bulgarian fuel distributor Petrol Holding AD. The compa...
Economy
Prices of Natural Gas in Bulgaria to Add 4.88% from July
Angel Semerdzhiev, Chair of the State Commission for Energy and Water Regulation (DKEVR), has assured that there will be no shock spikes in prices of electricity in 2013....
Investments
Bulgarian Govt to Invest BGN 5 M in 2012 Tourism Advertising
Bulgaria's Cabinet will allocate BGN 5 M (EUR 2.5 M) for international advertising of Bulgarian tourism in the rest of 2012, according to the government's Wednesday meeti...
Economy
Molson Coors Buys Bulgaria's Kamenitza, StarBev Breweries
Denver-based Molson Coors said it has purchased StarBev and its nine breweries in central and eastern Europe, including Bulgaria, as it expands its operations further. Th...
Macroeconomic Data
Labor Costs in Bulgaria Up 6% Q1 2012 Y/Y
In the first quarter of 2012, the total hourly labor cost in Bulgaria rose by 6.2% compared to the first quarter of 2011. These flash figures were released Monday by the...
Financial
UniCredit Bulbank Launches Pioneer Product for Expats in Bulgaria
UniCredit Bulbank, part of the UniCredit Group, said it plans to launch a package of banking services tailor-made for the needs of foreigners living in Bulgaria. The prod...
Investments
Bulgaria Looks Up to Italy to Develop Equestrian Tourism
Bulgaria is set to learn from Italy's good practices in order to develop its own equine tourism, according to Bulgarian Deputy Economy Minister in charge of tourism, Ivo...
Economy
Bulgaria to Introduce 5-Year Validity for Hotel Ratings
Bulgaria is about to make changes to its hotel and restaurant classification system, limiting the validity of hotel and restaurant star rating to five years. Currently, t...
Interesting Facts
'Vampire' skeletons found in Bulgaria
Bulgaria's history museum has an unusual display on show: a "vampire" skeleton, discovered after the unearthing of the 800-year-old remains of two skeletons stabbed throu...
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