Business
GDF Suez gears for sale of Bulgarian electricity in region
The Romanian unit of energy company GDF Suez has submitted an application for a licence to enter the Bulgarian power market, the State Energy and Water Regulatory Commiss...
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.
Business
Financial
Latest coin commemorating 125 years of Bulgarian Unification revealed
The mintage of the coin is 5000 pieces. The coin surprised collectors with it sporting a gold plated design, while previous announcements did not hint that such will be a...
Business
Bulgaria's Key Chimimport Group Marks Marginal Up in Profits
The Bulgarian Chimimport Holding group has registered a 3% growth in net profits for the first half of 2010 notwithstanding greatly decreased revenue for the period. Chim...
Politics
World Bank President Robert Zoellick praises Bulgaria to Brussels
"I was really impressed by the speed at which Prime Minister Boyko Borissov and his Government are implementing reforms. The Prime Minister of Bulgaria is trying to impro...
Economy
Metal and energy transporters raise inflation by 9%
The National Statistical Institute (NSI) registered inflation in the manufacturing industry of 9 % on an annual basis in July. This is the largest increase in the index s...
Investments
ECONOMY MINISTER BACKS BULGARIA'S FORMULA 1 PROJECT
Bulgaria's Economy and Energy Minister, Traicho Traikov, fully backed the cabinet's plans to build a Formula 1 racing track near Sofia. In a Wednesday interview for the T...
Business
Bulgaria Office Purchase Costs as Much as Lease
There is no difference in the expenses made for buying an office by a mortgage in Bulgaria and leasing it, according to non-banking financial institution Creditex, part o...
Investments
German-Bulgarian Firm to Build 180 MW Wind Farm
German-Bulgarian company SRS-Bulgaria EOOD will plunk BGN 483.7 million in the construction of wind power plant near General Toshevo, in the east of the southeast Europea...
Business
Trace Group Books BGN 3.4 Million Profit
Bulgarian construction company Trace Group Hold unveiled double turnover and a profit of BGN 3.4 million for the first six months of the year, turning from a year-ago los...
Business
Bulgarian Tobacco Company Registers Huge Profit Increase
Bulgartabac, Bulgaria's state tobacco company, has registered a 165.93% increase in net profit for the first half of 2010 in comparison with the same period last year. Bu...
Financial
Peter Andronov, Chief Executive Director of CIBANK: Bad and restructured loans in Bulgaria are below 12%
Mr. Andronov, BNB (Bulgarian National Bank) statistics reported that bad loans had marked a dramatic jump to BGN 6.2 bn, or nearly 16% of the total volume of loans in Jul...
Investments
Western investor willing to invest a total of ?10 bn in the Port of Burgas
A very large Western investor has expressed interest in one of the terminals of the Port of Burgas and is willing to invest a total of ?10 bn, became clear yesterday afte...
Real Estate
Bulgarian Hotels Up for Sale over Unpaid Mortgage Debts
Unpaid mortgage has forced the sale of a hotel at the coastal complex Chaika, near the town of Varna, and its owners are looking for buyers, who will fork out a whopping...
Sports
Bulgarian Tennis Player Grigor Dimitrov to Climb in Top 200
Bulgaria's best male tennis player Grigor Dimitrov will climb in the world's top 200 after winning the Geneva Challenger ATP Cup Sunday. Dimitrov won the contest by beati...
Financial
Bulgarian Stock Market Catches Whiff of Optimism
Investor interest in the Bulgarian Stock Exchange (BSE) returned slowly and feebly on Thursday when the benchmark index SOFIX finished almost 1% higher at 387.18 points a...
Investments
US Companies Expected to Focus on Bulgaria's Nuclear, Renewable Energy, Shale Gas
American companies are showing increased interest in various energy projects in Bulgaria and are researching their investment options, the new Bulgarian Ambassador to the...
Economy
Moody's Rates Bulgaria with Positive Outlook
. File photo Bulgaria is the only country in Europe and Middle Asia with a positive outlook of sovereign credit rating, Moody's rating agency has announced. Moody's Inves...
Economy
Bulgaria Ups Renewable Energy Production
Bulgaria’s energy production from renewable sources by the end of 2010 will be 3 times more than the one in 2009, according to Plamen Dechev from the State Commission for...
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