Interesting Facts
Bulgaria Ranks Third in Global Internet Speed Survey
Download speeds in Bulgaria were among the fastest in the world, behind only South Korea and Romania, according to research by online content delivery company Pando Netwo...
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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.
Interesting Facts
Infrastructure
Bulgaria Opens Repaired Section of Danube Bridge 1
The repaired Bulgarian section of Danube Bridge 1 between the city Ruse and Romania's Giurgiu was opened Saturday by Prime Minister, Boyko Borisov. The bridge is the only...
Infrastructure
Municipality to Intersperse Sofia with Tourist Info Centers
Sofia Municipality is going to open at least five more Tourist Information Centers, in addition to the only existing one, according to Deputy Sofia Mayor Irina Savina. Th...
Infrastructure
Russia 'Freezes' Burgas-Alexandroupolis Oil Pipeline over Bulgaria's 'Obstructions'
Russian oil pipeline monopoly Transneft will freeze the construction of the troubled Burgas-Alexandroupolis project, which has been largely obstructed by Bulgaria's gover...
Economy
Bulgaria Seals Sale of Bulgartabac to Russian Bank VTB
The Supervisory Council of Bulgaria's Privatization Agency has given the final go-ahead for the sale of state cigarette-maker Bulgartabac to BT Invest, a firm wholly owne...
Investments
IKEA to Attract 1.5 M Visitors during 1st Year in Bulgaria
The first Bulgarian store of the Swedish furniture giant IKEA aims at attracting over 1.5 million visitors during the first year after its opening. The information was an...
Economy
Bulgarian FinMin: President Is Clueless about Economy
Bulgarian President, Georgi Parvanov, has shown many times that he is clueless when it comes to economy and his experts have no clue either. The statement was made Tuesda...
Infrastructure
Bulgarian PM Breaks Ground of 2nd Road to Greece
Bulgaria's Prime Minister, Boyko Borisov, in the company of three members of his cabinet, broke ground Thursday of the second stage of the road to Greece through the Maka...
Infrastructure
New Sofia Subway Line to Be Launched in May 2012
The subway line from the Mladost 3 district to the main thoroughfare of the Bulgarian capital Sofia – Tsarigradsko Shosse Boulevard will be open for use by May 2012. The...
Economy
Bulgarian Govt: Economy Recovers, State Finances Stabilize in H1 2011
Bulgaria's Cabinet has adopted the report for the consolidated state fiscal program for the first half of 2011, stressing the stabilization of the country's macroeconomic...
New Roads to Link Bulgaria's Ruse to Sofia-Varna Highway by 2020
Two brand new "high-speed" roads will link the Bulgarian Danube city of Ruse with the future Hemus Highway connecting Sofia and Varna through Northern Bulgaria, Ruse's Di...
Economy
Russia's State Bank VTB Approved as Buyer of Bulgaria Tobacco Monopoly
The Governing Board of Bulgaria's Privatization Agency approved Wednesday the sale of the State-owned tobacco monopoly Bulgartabac Holding to the Austria-registered BT In...
Economy
Average Bulgarian Household's Income Up 4% Q2 2011 Y/Y
The average quarterly total income per household member during the second quarter of 2011 was BGN 940. This is 3.8% more compared to the same quarter of 2010. The data wa...
Economy
Bulgarian FinMin Rejects Idea of Budget 2011 Update
The State budget will not in any way need to be updated, Bulgaria's Deputy Prime Minister and Finance Minister, Simeon Djankov, declared Wednesday. In an interview for th...
Infrastructure
Bulgaria to Start Building Long-Awaited Section of Danube-Aegean Road
Bulgaria's government will launch September 1, 2011, the long-anticipated construction of a key section of the road from the Danube city of Ruse on the Romanian border to...
Economy
Bulgarian Energy Watchdog: Power Utilities Might Be Restructured
Electrical power utilities operating in Bulgaria might need to go through a restructuring, according to Angel Semerdzhiev, the head of the Bulgarian state energy regulato...
Economy
Alpha Bank, Eurobank EFG Merger Creates Biggest Bank in Greece, 3rd Biggest in Bulgaria
Two of Greece's major banks – Alpha Bank and Eurobank EFG – have formally announced their planned merger, which will create the largest bank in Greece, and the third larg...
Business
Bulgarian Black Sea Resort Albena Sees 6% More Tourists in 2011
One of the top Bulgarian Black Sea resorts, Albena, has seen an increase of 6% in the number of tourists during the 2011 summer season, year-on-year, a company representa...
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