Economy
Bulgaria's Shale Gas Hydrofracking Moratorium Partially Lifted
Bulgaria's Parliament decided to partially lift the moratorium on hydraulic fracturing in natural gas and oil exploration and extraction. The moratorium is only lifted as...
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
Bulgarian President Cites SMEs as Exclusive Priority
A mere 1000 (0.8%) of the total of 350 000 companies re-registered in Bulgaria's Trade Register are big (total headcount of 250+), the remaining ones being small and midd...
Sports
Bulgaria's Dimitrov Stuns Mahut in Queens
Bulgaria's top male tennis player Grigor Dimitrov defeated Frenchman Nicolas Mahut 7-6(3), 6-4 in the third round of the AEGON Championships at Queens Club in London. Mah...
Infrastructure
Bulgarian Fertilizers Maker Gets Long-Delayed Permit to Build Waste Depot
Bulgaria's Devnya-based chemical fertilisers maker Agropolychim received Thursday the long-awaited signature by Agriculture Minister Miroslav Naydenov clearing the constr...
Economy
World Bank Sets Bulgaria Economic Growth at Meager 0.6%
The World Bank has revised sharply downwards forecasts for Bulgaria's economy, estimating it is to expand just 0.6% this year. The bank expects Bulgaria's gross domestic...
Macroeconomic Data
Bulgaria's Unemployment Rate Drops to 11% May 2012
Bulgaria's unemployment rate dropped to 11% in May 2012 from 11.4% the previous month, according to the country's Employment Agency. Bulgaria's employment offices listed...
Infrastructure
Bulgarian Capital with New Modern Beltway Section
A new repaired and modernized section of the beltway of Bulgaria's capital Sofia is opening for traffic Wednesday. The section is on the southern loop from the Mladost di...
Infrastructure
Infrastructure at 2nd Bulgaria-Romania Danube Bridge 90% Completed
The second bridge linking Bulgaria and Romania across the Danube has been completed at 81%, the Spanish construction firm FCC announced Monday. The adjacent infrastructur...
Investments
Luxury BMW Seats to Be Produced in Bulgaria
South Africa company ALC will open a production facility Tuesday for luxury seats and interior for BMW cars in the village of Musachevo near the town of Elin Pelin, just...
Infrastructure
Bulgaria's Railway Freight Services Formally on Privatization Table
Bulgaria's Agency for Privatization and Post-Privatization Control has formally declared the cargo department of the Bulgarian State Railways (BDZ) for sale. The privatiz...
Investments
Bulgarian BMW Seats Plant to Boast EUR 30 M Output by 2013
Bulgarian Prime Minister Boyko Borisov, Energy and Economy Minister Delyan Dobrev and Sheila Camerer, Ambassador of the Republic of South Africa to Bulgaria, opened Tuesd...
Economy
Number of Belarusian Tourists in Bulgaria Doubles in May-June
The number of Belarusian tourists in Bulgaria has doubled in May-June 2012 year-on-year, the Bulgarian Foreign Ministry announced. According to the Ministry, in May and e...
Economy
Bulgaria's State-Owned Gas Company Seeks 16% Price Hike from July
State-owned gas supplier Bulgargaz has requested a 15.73% price increase from July 1, according to a media statement published on the company's website on Monday. Bulgarg...
Financial
Bulgaria's FinMin to Join World Bank Knowledge Council
Bulgaria's Deputy Prime Minister and Minister of Finance Simeon Djankov has been invited to join the World Bank Knowledge Advisory Council, the press service of the Finan...
Macroeconomic Data
Bulgaria's Exports to EU See 4.6% Drop Y/Y Q1 2012
Bulgaria's exports to other EU countries decreased by 4.6% year on year in the first quarter of 2012, amounting to BGN 5,4 B (approximately EUR 2,8 B), according to preli...
Infrastructure
Sofia Airport to Launch New Cargo Flight
Sofia Airport will launch a new cargo service in May, operating the Sofia-Belgrade-Prague route. Czech Airlines will run the cargo flights twice weekly, on Wednesday and...
Macroeconomic Data
Bulgaria's Non-EU Exports Drop by 2% Y/Y Jan-Apr 2012
Bulgaria's exports to non-EU countries decreased by 2.0% year on year in the period January-April 2012, according to preliminary data released by the country's National S...
Sports
Bulgarian Swimmer Petar Stoychev Earns Olympic Berth
Bulgaria's best swimmer Petar Stoychev earned a berth to London 2012 with a bronze medal finish Sunday in the men's 10-kilometre race at the FINA Olympic Marathon Swimmin...
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