Expansion Underway: Sofia Airport Terminal 2 to Add 1000 New Parking Spaces
Deputy Minister of Transport and Communications, Anna Natova, announced the commencement of construction for an outdoor parking lot at Terminal 2 of Sofia Airport
Bulgaria Air’s debts to Sofia Airport continue to grow and, at present, amount to over BGN 59 M, reported Kapital Daily.
In August 2010, debts amounted to BGN 23 M. In the summer of 2016, the former director Hristo Shterionov announced that Bulgaria Air owes the airport BGN 47.2 M. Thus, it turns out that, instead of shrinking, the unpaid fees of the air carrier to Chimimport Group are increasing.
According to Sofia Airport Director Stanchev, there is a huge discrepancy between the record number of passengers passing through the airport annually and its bad financial results. The profit margin of the airport is between 4% and 5 % instead of 25-30%.
Last year, the state enterprise had revenues of BGN 131 M and a profit of BGN 9.6 M according to the latest accounting report. In 2015, the financial result was BGN 5.5 M, given revenues of BGN 118 M.
The director of Sofia Airport announced that there are problems with security, the public procurement orders of the airport and the overloading of the terminals.
As soon as Stanhev occupied the post, he ordered an analysis of the current concession procedure to be drafted by outside experts. According to the concession conditions, offers by candidate investors will be accepted until the end of May.
The analysis must be ready in two weeks, and the Transport Minister and the government must make a decision on the basis of the analysis.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
In March, there was a significant uptick in Bulgarians traveling abroad, marking a 19.1% increase from the previous year, amounting to 679.1 thousand trips
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
The director of "SOF Connect," the airport's concessionaire, stated to BNR that Sofia Airport anticipates accommodating 7.4 million passengers this year
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.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022