Business

Bulgaria Cannot Uphold Agreement on Kozloduy NPP Unit 7 with US Westinghouse - PM

Bulgaria is only ready to work on the agreement with Westinghouse Electric for unit 7 of the Kozloduy NPP provided that the company participates in the project as an investor, according to Prime Minister Boyko Borisov.

Business » Energy | 1 hour ago | Viewed: 274

Profit of Bulgarian Banks Grew by BGN 47 M Y/Y in Feb 2015

In February 2015 the profit of the banking system was BGN 196 million, up by BGN 47 million on the year, according to the Bulgarian National Bank (BNB).

Business » Finance | 5 hours ago | Viewed: 292

Bulgarian Timber Companies Stage New Protest over 3-Month Export Ban

For the third time in less than a month, Bulgarian timber companies will stage a protest against the 3-month moratorium on exports.

Business | 6 hours ago | Viewed: 275

Bulgaria Registers BGN 250 M Budget Surplus for First Quarter of 2015

According to preliminary data of Bulgaria's Finance Ministry, the country will register a budget surplus of BGN 250 M for the first quarter of the new year.

Business » Finance | March 31, 2015, Tuesday // 21:54 | Viewed: 660

Two Banks to Cooperate in Funding Bulgarian Business Projects

The Bulgarian Development Bank (BDB) and the International Investment Bank (IIB) will cooperate in providing funds for Bulgarian business projects.

Business | March 31, 2015, Tuesday // 20:38 | Viewed: 616

Jay-Z's Newly Launched Streaming Service - TIDAL Causes Controversy

Seventeen of the largely deemed most influential artists and entertainers recently started changing their social media profile pictures to light-blue blank spaces.

Business | March 31, 2015, Tuesday // 13:17 | Viewed: 820

Chinese Investors Interested in Getting Concession on Bulgaria's Plovdiv Airport

Chinese investors are interested in obtaining a concession contract for Plovdiv Airport and turning it into a logistics hub for Europe and Asia, according to Bulgaria’s Economy Minister Bozhidar Lukarski.

Business | March 31, 2015, Tuesday // 12:01 | Viewed: 979

Bulgaria Invested EUR 1.8 B Abroad in Last Ten Years

Italy and Romania are Bulgaria's top preferred destination for transborder investment, estimates of the business news website Investor.bg show.

Business | March 31, 2015, Tuesday // 10:06 | Viewed: 855

Bulgaria’s Gorna Arda Hydropower Complex Project Not Frozen

The Gorna Arda hydropower complex project has not been frozen despite the fact that the launch of construction works has been delayed for almost a year.

Business » Energy | March 31, 2015, Tuesday // 09:05 | Viewed: 702

Bulgarian Winter Resorts Register 9.2% Increase in Tourist Numbers

The outgoing 2015 winter season brought an increase by 9.2% in the number of tourists in Bulgarian winter resorts, according to Tourism Minister Nikolina Angelkova.

Business » Tourism | March 31, 2015, Tuesday // 08:31 | Viewed: 687

Bulgaria Looks into Options to Attract More Tourists from China

Bulgaria and China have decided to sign an agreement aimed at increasing the flow of Chinese tourists to the southeast European country, the Tourism Ministry in Sofia said on Monday.

Business » Tourism | March 30, 2015, Monday // 17:35 | Viewed: 1124

Bulgaria Objects to ‘Discriminatory’ Change to Greece’s Income Tax Code

Bulgaria, which has one of the lowest corporate tax rates in the EU, has objected to the introduction of a 26% withholding tax on all transactions originating from sources in Bulgaria, Cyprus and Ireland by Greece.

Business » Finance | March 30, 2015, Monday // 16:28 | Viewed: 3002

Construction of Gas Interconnector Greece-Bulgaria May Start in March 2016

The construction of the second Bulgaria-Greece gas pipeline interconnection (IGB Pipeline) may start in March 2016, according to reports of Bulgaria’s Energy Ministry.

Business » Energy | March 30, 2015, Monday // 14:55 | Viewed: 1284

Bulgaria’s Port Varna to Invest BGN 6.5 M in New Equipment, Facilities

The business plan of Port Varna EAD for 2015 envisages investments of around BGN 6.5 M, according to CEO Petar Seferov.

Business | March 30, 2015, Monday // 13:20 | Viewed: 885

Sofia Airport Launches More Flights Prior to Summer Season

Sofia Airport is now operating at its summer schedule starting March 29.

Business | March 30, 2015, Monday // 12:35 | Viewed: 1422

Dairy Producers in Bulgaria Predict Wave of Bankruptcies

Dairy producers in Bulgaria have warned about a wave of bankruptcies in the sector.

Business | March 30, 2015, Monday // 12:04 | Viewed: 986

Bulgargaz CEO Anticipates 13% Gas Price Decrease from April, 10% Decrease from July

Petyo Ivanov, CEO of Bulgaria’s state-owned gas supplier Bulgargaz, has said that gas rates are expected to drop by around 13% from April, with a possibility for a new price decrease of up to 10% in July.

Business » Energy | March 30, 2015, Monday // 09:59 | Viewed: 950

Bulgarian Hotel, Restaurant Owners Urge Eased Visa Regime for Russian Tourists

Restaurant and hotel owners held a procession in the city of Burgas on Sunday, calling on the government to ease visa regulations for Russian tourists to help Bulgaria’s tourism sector cope with a recent decline in the number of Russian visitors.

Business » Tourism | March 29, 2015, Sunday // 15:46 | Viewed: 1469

Sofia Airport to Become Accessible by Underground from April 2

Yordanka Fandakova, the mayor of Bulgaria's capital, announced on Saturday that Sofia Airport will be accessible by underground from April 2.

Business | March 28, 2015, Saturday // 12:13 | Viewed: 1678

Bulgaria’s Finance Minister Expects New Governor of Bulgarian National Bank by end-April

Bulgaria’s Finance Minister Vladislav Goranov has suggested that a decision on appointing a new Governor of the Bulgarian National Bank (BNB) should be in place by end-April.

Business » Finance | March 27, 2015, Friday // 21:30 | Viewed: 1174

Bulgarian Project Company for Oil Pipeline Burgas-Alexandroupolis Welcomes New CEO

The Bulgarian project company established for the Burgas-Alexandroupolis oil pipeline, which was suspended several years ago, will undergo a senior-level reshuffle as of March 31.

Business » Energy | March 27, 2015, Friday // 19:43 | Viewed: 1048