Economy
Bulgaria's Port Varna Profits Triple Y/Y
Bulgaria's Black Sea Port Varna has seen its revenues almost triple in the first nine months of 2010, year-on-year. In January-September, Port Varna processed a total of...
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
Business
Inter RAO to Acquire Enel's Bulgaria Coal-Fired Plant
Russia's state power trader Inter RAO has been tipped as the most likely buyer of a majority stake in Bulgaria's Maritsa East 3 coal-fired power plant, controlled by Ital...
Economy
Bulgarian Winter Resort Borovets Expects 10% More Tourists
One of Bulgaria's top winter resorts – Borovets in the Rila Mountain – expects a 10% increase of the holidaymakers for the winter season. According to Neli Sandalska, hea...
Economy
Bulgaria's Metallurgical Industry Boasts Modest Recovery in 2010
After the 2009 collapse, Bulgaria's metallurgical industry has started to make a comeback with growth of 3.7% in the first nine months of 2010 year-on-year. Thus, in Janu...
Financial
IMF Wraps Up New Head First Visit to Bulgaria
The visit of a mission of the International Monetary Fund to Sofia, which started on September 23 and featured regular bilateral discussions on economic policies with the...
Business
Austerity Measures Send Romanian Companies to BulgariaAusterity Measures Send Romanian Companies to Bulgaria
Thousands of Romanian companies are moving their business to neighboring Bulgaria, the Bulgarian National Radio, BNR, informs Saturday. The reasons cited are the spending...
Economy
Bulgaria Bids Successfully to Sell Kalashnikovs to India
Bulgaria has won a bid to sell large quantities of the "Arsenal" automatic gun to India, Deputy Defense Minister, Valentin Radev, informs. Radev spoke Friday at the Zmeev...
Financial
Bulgarian Interior Receives BGN 50 M Boost in Budget 2011
The funds allotted to the Interior Ministry in budget 2011 are 5% more compared to 2010, Bulgaria's Interior Minister, Tsvetan Tsvetanov, announced Saturday. The BGN 50 M...
Macroeconomic Data
Bulgaria GDP Forecast to Grow 0.3% in 2010, 3.8% in 2011
Bulgaria's economy will grow 0,3% after a 5,1% contraction in 2009 as investments dwindled and consumption shrank, a local think-tank estimated. The country will manage t...
Economy
Bulgaria Mulls Concession for Container Terminals in Varna, Burgas Ports
The new container terminals at the country's two key Black Sea ports of Varna and Burgas will be granted on concession, officials have announced. "We plan to hold contest...
Infrastructure
Bulgaria Opens 31 KM of Maritsa Highway
Bulgarian Prime Minister, Boyko Borisov, officially opened Saturday a 31-km section of the Maritsa Highway between the towns of Harmanly and Lyubimets. The new road junct...
Business
Greek Businessmen Flock to Bulgarian Language Classes
Greek merchants and businessmen are flocking to Bulgarian language classes, the Bulgarian National Radio, BNR, reports Saturday. People from northern Greece are learning...
Business
Bulgaria Approves Lidl Takeover of Plus Discount Stores
Bulgaria's Competition Protection Commission has allowed German supermarket chain Lidl to acquire the Bulgarian stores of another German discount chain, Plus. Thus, the w...
Economy
Bulgaria, Slovakia Ink Economic Agreement
Bulgaria and Slovakia signed an economic cooperation agreement in Sofia Friday. The document deals with the bilateral ties in trade, investments, energy, IT, telecommunic...
Macroeconomic Data
Bulgaria Budget Draft 2011 Enters Parliament
Bulgaria's Finance Minister Simeon Djankov will hand on Friday the budget draft for next year to parliamentary speaker Tsetska Tsacheva. Bulgaria is planning to sell bond...
Macroeconomic Data
Bulgaria FinMin: 2.5% Deficit Is Budget 2011 Biggest Success
Bulgaria will manage to bring its budget deficit below the European Union limit of 3% of economic production without a hike in taxes and social securities, which is the b...
Economy
Bulgarian Customs Boast Outstanding Results in Sept
Bulgaria's Customs Agency said it raised 101.2% of the revenues that it planed to collect in September 2010. The Agency brought a total of BGN 619 M to the state budget,...
Economy
Bulgaria, Morocco Ink Maritime Trade Agreement
Representatives of Bulgaria and Morocco have signed a bilateral sea trade agreement that has been hailed an important step by the government in Sofia. The deal was signed...
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