Schengen Launch at Burgas Airport: Revolutionizing Travel Efficiency
A landmark moment unfolds at Burgas Airport as the first Schengen flight touches down, signaling a new era of travel efficiency and convenience for passengers
By December 2011, Bulgaria's Ministry of Transport, Information Technology, and Communications controlled 9 concession contracts for the port terminals of Lesport, Balchik, Svishtov, Oryahovo, Somovit, Vidin-Sever, and Rosenetz, the the Silistra ferry terminal, and the civil airports in Burgas and Varna, according to a report on the implementation of infrastructure concession contracts.
The report was presented to the Bulgarian government on Wednesday.
According to the report, as cited in a media statement of the government, revenues from concession activity amounted to BGN 23 308 M, VAT included.
Revenues from concession payments stood at BGN 23 233 M, VAT included, compensatory damages at BGN 40 665, VAT excluded, punitive damages at BGN 14 434 VAT included, and revenues from sale of documents for participation in concession procedures at BGN 20 000.
Concessionaires of port terminals in 2011 were recognized investments worth a total of BGN 6, 212 M and Fraport Twin Star Airport Management AD reported investments of BGN 75,216 M in the civil airports in Burgas and Varna.
The overall review and analysis of the obligations of the concessionaires shows that the terms of the contracts are observed, the quality and volume of services and activities on the sites have improved, as well as the working conditions.
According to the report, the obligations for implementing commitments under social programs, including job creation, are also observed.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Along the Southern Black Sea coast, preparations are in full swing for a successful and peaceful summer season, as confirmed by Minister of Tourism Evtim Miloshev following discussions with local authorities and control institutions
As summer approaches, Bulgaria's seaside tourism industry faces a daunting challenge as hotels may remain shuttered due to a severe shortage of staff
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022