Business

Bulgaria Threatens to Terminate Contract for Struma Motorway Lot 4 with Greece’s Aktor

Bulgaria will terminate the contract with Greek company Aktor for Lot 4 of the Struma motorway unless it makes a commitment to complete it in 3-4 months, according to caretaker Transport Minister Nikolina Angelkova.

Business | 55 minutes ago | Viewed: 104

Russia to Evacuate 300 Tourists Stranded in Bulgaria on Friday

Russia’s Turpomosch will evacuate on Friday more than 300 clients of Solvex-Tourne and Versa who have been stranded in Bulgarian resorts since the two Russian tour firms suspended operations.

Business » Tourism | 2 hours ago | Viewed: 187

10% of Fruit, Vegetables Consumed in Bulgaria Are Produced Locally

Only 10% of the fruit and vegetables consumed in Bulgaria are locally produced, with the remainder being imported, according to Slavi Trifonov, Chair of the National Union of Gardeners.

Business | 3 hours ago | Viewed: 243

Striking Bulgarian Miners Refuse to Leave Pit

Workers of the Burgas-based Mina Cherno More Burgas EAD (Cherno More Mine EAD) are staging an underground strike over unpaid salaries for two months.

Business » Energy | 4 hours ago | Viewed: 255

EBRD Lowers Bulgaria 2014 Economic Growth Forecast to 1.5%

The European Bank for Reconstruction and Development (EBRD) has lowered its growth forecast for Bulgaria to 1.5% of the GDP.

Business | 7 hours ago | Viewed: 517

EC Threatens Punitive Measures against Bulgaria, Serbia over South Stream

The European Commission has called on Bulgaria to suspend the construction of the South Stream gas pipeline, warning that it may take punitive measures against Sofia and Belgrade over the matter.

Business » Energy | September 17, 2014, Wednesday // 18:04 | Viewed: 1046

Finance Ministry Meets with EPIC to Discuss KTB Recovery

Interim Finance Minister Rumen Porozhanov has announced his institution is to meet representatives of Vienna-based fund EPIC in the coming days.

Business » Finance | September 17, 2014, Wednesday // 17:19 | Viewed: 565

Bulgaria Braces for Possible Disruption in Russian Gas Supplies

Fearing a price dispute between Moscow and Kiev may lead to disruptions in Russian gas deliveries via Ukraine, Bulgaria is preparing to avert a gas crisis in winter months.

Business » Energy | September 17, 2014, Wednesday // 16:40 | Viewed: 763

Bulgaria’s Caretaker Govt OKs Financial Corrections of BGN 152 M under OP Environment

Bulgaria’s caretaker government has approved financial corrections worth BGN 152 M under operational program “Environment.

Business | September 17, 2014, Wednesday // 13:40 | Viewed: 1147

Bulgaria Air to Fly to China, Belarus

Flag carrier Bulgaria Air is the designated Bulgarian airline to fly to China and Belarus, the Council of Ministers has announced after its regular meeting, Wednesday.

Business | September 17, 2014, Wednesday // 13:40 | Viewed: 1002

Power Rates in Bulgaria to Go Up by up to 10% as of October - Watchdog

Power prices will go up by up to 10% as of October 1, according to a media statement of Bulgaria’s State Commission for Energy and Water Regulation (DKEVR).

Business » Energy | September 17, 2014, Wednesday // 13:09 | Viewed: 810

Amway to Invest USD 0.5M in Launching Bulgarian Business

Multi-level marketing company Amway is to invest USD 0.5 M into launching a business in Bulgaria.

Business | September 17, 2014, Wednesday // 12:50 | Viewed: 713

Total Hourly Labor Cost Posts 3.6% Increase in Q2 2014 Y/Y

Preliminary data of the Bulgaria's Statistical Institute for Q2 2014 indicates that the total hourly labor cost has risen by 3.6% compared to the second quarter of 2013.

Business | September 17, 2014, Wednesday // 12:27 | Viewed: 455

Bulgarian Hoteliers Stage Protest to Demand Separate Tourism Ministry

Bulgarian hoteliers will stage a protest Wednesday at a section of the Burgas- Sunny Beach near Aheloy to demand a separate ministry of tourism and a solution to a number of other problems.

Business » Tourism | September 17, 2014, Wednesday // 11:46 | Viewed: 606

EU New Car Registrations Up by 2.1% in August

New passenger car registrations were up by 5.6% in July and by 2.1% in August, pursuing the upward trend commenced twelve months ago.

Business | September 17, 2014, Wednesday // 11:01 | Viewed: 476

Bulgarian Business Wants Minimum Insurable Earnings Based on Regions

Bulgarian business representatives have proposed changes to the methods for setting the minimum amount of insurable earnings.

Business | September 16, 2014, Tuesday // 16:07 | Viewed: 628

Every Third Bulgarian Tourist to Spend September Holidays in Greece

Many Bulgarians will spend the long weekend including September 22, Bulgarian Independence Day, in one of the neighboring countries.

Business » Tourism | September 16, 2014, Tuesday // 13:38 | Viewed: 802

Eleven Candidates Vie for Position on Average

About 11 people contend to get a single job seat, data from Bulgaria's Employment Agency shows.

Business | September 16, 2014, Tuesday // 13:32 | Viewed: 579

Foreign Direct Investments Increase by EUR 825.3M in Jan-July

Foreign direct investment in Bulgaria for January - July 2014 increased by EUR 825.3M (2% of GDP), compared to an increase of EUR 1070.8M (2.7% of GDP) for January – July 2013.

Business | September 16, 2014, Tuesday // 11:43 | Viewed: 571

Workers at Burgas-Based Mine Stage Protest over Unpaid Salaries

Workers at Mina Cherno More Burgas EAD (Cherno More Mine EAD) are staging a 1-hour protest on Tuesday over unpaid salaries for the months of July and August.

Business » Energy | September 16, 2014, Tuesday // 11:26 | Viewed: 818

Migrant Remittances to Bulgaria Reach EUR 75.5M in July 2014

Remittances - money sent by Bulgarian migrants to family members back home reached EUR 75.5M in July 2014.

Business | September 16, 2014, Tuesday // 10:59 | Viewed: 649