Business

Bulgaria’s Govt Moves to Increase Capacity of Lyubimets Refugee Center

Bulgaria’s caretaker government has decided to boost the capacity of the Lyubimets refugee center by setting up a wagon-camp.

Business | 1 hour ago | Viewed: 157

20 Bulgarian Companies to Build Infrastructure for Qatar's 2022 FIFA World Cup

Some 20 Bulgarian companies are involved in the construction of infrastructure for Qatar's 2022 FIFA World Cup, according to Ziad El Masri, Chairman of the Bulgarian-Arab Business Association.

Business | 3 hours ago | Viewed: 321

Audit Finds BGN 4.2 B Impairment Costs on KTB Balance Sheet, Bulgaria C. Bank Says

Nearly two-thirds of the value of the assets of Corporate Commercial Bank (KTB) has to be wiped off due to KTB’s failure to stick to ‘prudent banking practices’, its auditors have concluded.

Business | October 22, 2014, Wednesday // 18:11 | Viewed: 1278

Westinghouse Picks М3 Communications for Its PR Agency in Bulgaria

Leading Bulgarian PR firm М3 Communications Group, Inc. will back US-based Westinghouse Electric’s efforts to move forward with planned expansion of Bulgaria’s Kozloduy nuclear power plant.

Business » Energy | October 22, 2014, Wednesday // 16:24 | Viewed: 668

Bulgaria, Romania Agree to Build 2 More Bridges over Danube River

Bulgaria and Romania have agreed to build two new bridges over the Danube River.

Business | October 22, 2014, Wednesday // 15:26 | Viewed: 757

Bulgaria's National Tourism Council Demands Separate Ministry

Representatives of the most influential associations, members of Bulgaria's National Tourism Council have once again agreed on the need to establish a separate Tourism Ministry.

Business » Tourism | October 22, 2014, Wednesday // 12:42 | Viewed: 493

Bulgaria's Plovdiv Among Lonely Planet's Best Travel Destinations 2015

Bulgarian city of Plovdiv has been ranked 6th in a list of the hottest destinations in the world to visit in 2015 which have been announced by travel publisher Lonely Planet.

Business » Tourism | October 21, 2014, Tuesday // 18:59 | Viewed: 1766

Bulgaria, Romania to Sign Memorandum To Build Two New Bridges Over Danube

Bulgaria and Romania will sign a Memorandum of Understanding to implement feasibility studies on the construction of two new bridges over the Danube River, Transport Minister Nikolina Angelkova said, Tuesday.

Business | October 21, 2014, Tuesday // 16:28 | Viewed: 957

Bulgaria's Energy Market 'Needs More Dealers'

There is a lack of competitors in energy trade on the liberalized energy market, the Bulgarian energy watchdog DKEVR warned Tuesday.

Business » Energy | October 21, 2014, Tuesday // 12:58 | Viewed: 711

Incoming EU Energy Commissioner Prefers Southern Gas Corridor over South Stream

EU should back the Southern Gas Corridor, a project rivaling the South Stream gas pipeline, as a means to provide security of energy supplies, Slovakia's EU Commissioner designate Maroš Šefčovič has said.

Business » Energy | October 21, 2014, Tuesday // 11:43 | Viewed: 1044

Poland's Sikorski Denies Ukraine Partition Comments

Polish ex-Foreign Minister Radoslaw Sikorski has responded to an article in a US magazine where he allegedly says Russia offered Poland to annex five Ukrainian provinces.

Business | October 21, 2014, Tuesday // 11:07 | Viewed: 742

EU Bank Watchdog Urges Bulgaria to Ensure Instant Access to KTB Deposits

European Banking Authority said Monday Bulgaria should allow immediate access of depositors at Corporate Commercial Bank (Corpbank, KTB) to their savings.

Business » Finance | October 21, 2014, Tuesday // 09:42 | Viewed: 1156

Conservators at Bulgaria’s Corpbank Submit Audit Report

The conservators at Corporate Commercial Bank (Corpbank, KTB) have submitted to the Bulgarian National Bank (BNB) the audit of the financial institution.

Business » Finance | October 20, 2014, Monday // 19:26 | Viewed: 1138

Finance Ministry Reopens 10.5-Year Issue of BGN-Denominated Govt Securities

Bulgaria’s Finance Ministry reopened the 10.5 year issue of Government Securities (GS) issued on 15 January 2014 with maturity 15 July 2024.

Business » Finance | October 20, 2014, Monday // 18:53 | Viewed: 657

Employment Agency Director Decries Inefficiency of Job Schemes

Asen Angelov, Executive Director of Bulgaria’s Employment Agency, has underscored the inefficiency of labor market policy, drawing attention to the fact that they have remained unchanged for over eight years and have only had a temporary effect.

Business | October 20, 2014, Monday // 17:41 | Viewed: 603

Kozloduy NPP Completes Planned Annual Overhaul of Unit 6

The planned annual overhaul of unit 6 of Bulgaria’s Kozloduy nuclear power plant has been completed and it has been reconnected to the energy grid.

Business » Energy | October 20, 2014, Monday // 15:54 | Viewed: 633

Tsvetan Vasilev: BNB Not Willing to Discuss Options to Restructure Corpbank

Bulgaria's central bank is resorting to "absurd" excuses to avoid carrying out its legal duties about Corporate Commercial Bank (Corpbank or KTB), its owner has said.

Business » Finance | October 20, 2014, Monday // 13:54 | Viewed: 917

Bulgaria's Varna Registers Higher Revenues, Fewer Tourists in Summer 2014

Hotels in Bulgaria's Black Sea city of Varna have reported some BGN 163M revenue in the period June-August, according to data released by the regional statistical office.

Business » Tourism | October 20, 2014, Monday // 11:34 | Viewed: 902

President Plevneliev to Open 10th World Meeting of Bulgarian Media

Bulgaria's President Rosen Plevneliev will open the 10th World Meeting of Bulgarian Media at the Central Military Club in Sofia, Monday.

Business | October 20, 2014, Monday // 10:38 | Viewed: 642

Kozloduy NPP Transferred BGN 7 M to Westinghouse under Upgrade Program for Units 5, 6

Bulgaria’s Ministry of Economy and Energy specified that US company Westinghouse Energy Systems had been transferred over BGN 7 M under an upgrade program for units 5 and 6 of the Kozloduy NPP.

Business » Energy | October 19, 2014, Sunday // 13:24 | Viewed: 1106

Russian Bank To Acquire Bank Victoria?

Rossiyskiy Kredit Bank wants to acquire 100% of the capital of Bulgaria's Victoria commercial bank (formerly Credit Agricole Bulgaria), part of the troubled Corporate Commercial Bank (KTB), reports BGNES.

Business » Finance | October 18, 2014, Saturday // 12:14 | Viewed: 1868