Economy
Bulgaria Registers Drop in Produce Prices
Prices of fruit and vegetables are falling traditionally for this time of the year with their wholesale price index going down to 1.9 points. The data was released by the...
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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
Bulgaria Sees Increase in Number of Russian Tourists
An increase in the number of Russian tourists has been registered in Bulgaria over the last two years, according to Marin Neshkov, chair of the tourist chamber of the cou...
Financial
Bulgarian FinMin on CNN, BBC: Euro Zone Must Learn from Bulgaria
The euro zone and the rest of the EU should learn from Bulgaria's example as far as strict fiscal stability is concerned, Bulgarian Finance Minister Simeon Djankov has de...
Financial
Moody's Upgrades Bulgaria's Debt Ratings, Praises Sofia's State Finances
Moody's Investors Service has upgraded Bulgaria's government debt ratings to Baa2 with a stable outlook from Baa3 in a long-anticipated review. According to a statement o...
Business
Bulgaria Sees Further Drop in Dwelling Prices
Bulgaria's dwelling prices have decreased by 6.4% year on year during the second quarter of 2011, according to the country's National Statistical Institute. The dwelling...
Investments
Toshiba Confirms Investment in Bulgarian Solar Park
Japanese company Toshiba intends to continue its investments in the construction of a 10 MW solar park near the Southeastern Bulgarian town of Yambol. Toshiba representat...
Politics
Russia Moves to Sue Bulgaria over Belene NPP
A lawsuit has been filed by Russia's Atomstroyexport, a Rosatom subsidiary, demanding that Bulgaria's National Electric Company (NEK) pay EUR 58 M in arrears for works on...
Financial
Bulgaria to Play It Cool on Euro Zone Bid over Debt Crises - FinMin
Bulgaria has not changed its intention to join the euro zone but it does not expect to start specific talks for accession to the ERM-2 before the situation with the euro...
Economy
EVN Wraps Up Deal for Major Bulgarian Hydro Power Plant
Austrian company EVN has approved a capital hike to boost its stake in the Bulgarian hydro power plant project Gorna Arda to 70%. The takeover of a 70% stake in the vastl...
Economy
Sofia, Bulgaria, Rated Top European Bargain City for US Vacationers
Sofia has been ranked the most affordable European city for US travelers by TripAdvisor, a travel review website based in Newton. The firm has based its list on what it c...
Business
Offshore Co Acquires Buyer of Bulgaria's Bankrupt Steel Mill
An offshore company, registered on the British Virgin Islands, has acquired the buyer of Bulgaria's biggest steel mill Kremikovtzi amid many question marks surrounding th...
Economy
Bulgarian EU Commissioner: Cabinet Must Help Small Business
The Bulgarian cabinet must speed up the administrative reform in helping the small and medium business, according to the Bulgarian EU Commissioner for International Coope...
Economy
Environmental, Social Impact Assessment Advisor Appointed for Nabucco
Italian engineering company D'Appolonia S.p.A. (D'Appolonia) has been appointed as new Environmental and Social Impact Assessment (ESIA) Advisor for the Nabucco Pipeline...
Business
Bulgaria's Vivacom Telco Sells Remaining 50% of NURTS
Bulgaria's Vivacom telco has sold the last 50% of its transmission company NURTS to Bluesat Partners Ltd for an undisclosed fee. In August 2010, Vivacom sold the other 50...
Business
Sofia International Airport to Get to Determine Own Fees
Draft legislation approved by the Bulgarian Cabinet on Wednesday is going to allow the Sofia International Airport to determine its own airport fees, a measure that could...
Business
Bulgaria's 2010 Arms Exports Amounted to EUR 260 M
Bulgaria exported arms and munitions worth over EUR 259 M in 2010, according to a Bulgarian government report. The 2010 of the Inter-institution Commission for Export Con...
Infrastructure
Bulgarian State Pours Money into Maritsa Highway ahead of EC Funding Decision
Bulgaria's government has voted to allocate state budget funds for the construction of Lot 1 and Lot 2 of the southeastern Maritsa Highway before the European Commission...
Financial
Bulgaria's Post-Crisis FDI to Stabilize at 5% of GDP
The foreign direct investment that Bulgaria's post-crisis economy will attract per year will stabilize at about 4%-5% of the GDP, according to a forecast of UniCredit Bul...
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