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Business

Bulgaria’s NEK Debt Tops BGN 3 Billion

The financial position of Bulgaria’s National Electricity Company (NEK) is worsening and its debt already exceeds BGN 3.1 B, caretaker Energy Minister Vasil Shtonov has said.

Business » Energy | 2 hours ago | Viewed: 200

Contractor Selection Procedure for Sofia's Winter Palace Reconstruction Halted

The contractor selection procedure for the reconstruction of the Winter Palace of Sports in Sofia for BGN 41M VAT excluded has been terminated by the contracting authority Academica 2011.

Business | 5 hours ago | Viewed: 255

Farmers Affected by Natural Disasters to Get BGN 4.4M

Bulgarian farmers whose agricultural land was completely destroyed by the natural disasters last year, will be compensated with a total of BGN 4.

Business | 6 hours ago | Viewed: 249

Price Cuts at Bulgaria’s Black Sea Resorts Reach 50% in September

Tourists can spend their holidays at Bulgarian southern Black Sea coast at prices up to 50% lower, due to the traditional September discounts.

Business » Tourism | 8 hours ago | Viewed: 432

Power Distributor EVN Seeks 17.9% Price Hike in Southeastern Bulgaria

Power distributor EVN has asked Bulgaria’s State Commission for Energy and Water Regulation (DKEVR) for a 17.9% price increase as of October 1.

Business » Energy | 9 hours ago | Viewed: 517

EU Commission Motives to Freeze South Stream 'Political' - Gazprom

Russian energy concern Gazprom has accused the European Commission that it is putting a wheel on South Stream for political reasons.

Business » Energy | September 2, 2014, Tuesday // 11:27 | Viewed: 526

Armenia Joins Eurasian Union

Russian President Vladimir Putin has approved the agreement which would incorporate Armenia into the Eurasian Economic Council, according to radio Voice of Russia's website.

Business | September 2, 2014, Tuesday // 10:42 | Viewed: 513

Gov't to Seek BGN 300 M from Internal Market

Bulgaria's Finance Ministry is to place BGN 300 M worth of securities on the domestic market next week, the Bulgarian National Bank (BNB) has announced on its website.

Business » Finance | September 2, 2014, Tuesday // 08:46 | Viewed: 364

Bulgarian Energy Board to Hold First Session

The Energy Board, which has been recently set up by the Bulgarian government, is due to have a first meeting on Tuesday.

Business » Energy | September 2, 2014, Tuesday // 08:26 | Viewed: 453

Tsvetan Vasilev to Make Proposal on KTB within Days – Central Bank

The Bulgarian National Bank (BNB) has received answers to the letters it had sent to Bromak JSC and the State General Reserve Fund of Oman, Corpbank's major shareholders.

Business » Finance | September 1, 2014, Monday // 18:17 | Viewed: 975

Power of Siberia Pipeline Construction Kicks Off

Russian President Vladimir Putin has attended a ceremony to mark the first weld of the Power of Siberia held Monday.

Business » Energy | September 1, 2014, Monday // 15:36 | Viewed: 590

Ukraine, Belarus Make Up for Russians on Bulgaria's Property Market

Bulgaria is still at the forefront of preferred destinations for Russian-speaking real estate buyers, an investment company says.

Business » Properties | September 1, 2014, Monday // 15:15 | Viewed: 762

Bulgaria's Public Debt Sees Significant Increase in July

Bulgaria's public debt at the end of July 2014 amounted to EUR 9.4242B, according to data revealed by the Ministry of Finance.

Business » Finance | September 1, 2014, Monday // 14:03 | Viewed: 748

Bulgarian Industrial Association Opposes Minimum Wage Hike Proposal

The Bulgarian Industrial Association (BIA) has opposed the proposal to increase the minimum wage and the social security contributions.

Business | September 1, 2014, Monday // 12:50 | Viewed: 571

Protests to Be Staged in Support of KTB Across Bulgaria

A number of Bulgarian towns and cities are to see demonstrations calling authorities to draft a plan which could help Corporate Commercial Bank (CorpBank or KTB).

Business » Finance | September 1, 2014, Monday // 11:52 | Viewed: 677

BGN 2 Banknote Replaced with Coin in 2015

The paper note of BGN 2 will be replaced with a coin in 2015, according to Bulgaria's National Bank sources cited by Standart News.

Business » Finance | September 1, 2014, Monday // 11:40 | Viewed: 608

Bulgaria's Agriculture Ministry Receives Applications for Aid for Russian Food Embargo

Bulgaria's Agriculture Ministry has announced it is receiving applications for aid to compensate the damage caused by the Russian import ban.

Business | September 1, 2014, Monday // 10:16 | Viewed: 634

Less than 5% of Bulgaria's Gas Needs Covered by Local Production

Less than 5% of natural gas consumption in Bulgaria is provided through domestic production, according to data of state-owned gas company Bulgargaz for H1, 2014.

Business » Energy | September 1, 2014, Monday // 09:40 | Viewed: 696

Bulgarian Energy Holding, CEZ, to Discuss Varna TPP Life Extension

The Bulgarian Energy Holding (BEH) and power distributor CEZ have signed a memorandum of cooperation on searching technical and economic solutions to extend the life of the Varna Thermal Power Plant.

Business » Energy | August 31, 2014, Sunday // 13:23 | Viewed: 848

Pipelaying Vessel for South Stream to Dock at Burgas

The South Stream Transport JV has said a pipelaying ship is expected to berth at the Bulgarian port of Burgas on Sunday for works relating to the Moscow-backed gas pipeline.

Business | August 30, 2014, Saturday // 17:53 | Viewed: 1570

Lozana Vasileva Named State Fund Agriculture Executive Director

Lozana Vasileva has been appointed executive director of State Fund Agriculture (SFA), replacing Atanas Dobrev, BGNES reported on Friday.

Business | August 29, 2014, Friday // 20:10 | Viewed: 797
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