Business

Bulgaria’s PM: At least ½ of Hemus Motorway Will Be Ready by End of Term in Office

Bulgaria’s Prime Minister Boyko Borisov has vowed that at least half of the Hemus motorway will be completed by the end of the term in office of the current government.

Business | 3 hours ago | Viewed: 538

1.7 Million Bulgarians to Spend 2015 Summer Holidays at Domestic Resorts

Bulgaria remains the favorite summer holiday destination for Bulgarian tourists, be it mountain or sea resorts, according to Rumen Draganov, Chair of the Institute for Analyses and Assessment in Tourism.

Business » Tourism | 8 hours ago | Viewed: 860

5km Long Section of Bulgaria’s Hemus Motorway Opens for Traffic

The Belokopoitovo – Kaspichan section of the Hemus motorway and the biggest road junction in Bulgaria, Belokopitovo, open for traffic on Monday.

Business | 9 hours ago | Viewed: 886

Bulgaria State Energy Cos to Save BGN 20 M This Year - Minister

Bulgarian Energy Minister Temenuzhka Petkova has said that state-owned companies in the sector will be able to save some BGN 20 M in 2015.

Business » Energy | August 3, 2015, Monday // 10:46 | Viewed: 812

Energy Watchdog Head Refuses to Resign Despite Pressure from Businesses

Bulgarian energy watchdog head has said he won't step down amid calls from employer unions which have demanded his resignation over a hike in power prices for industrial consumers.

Business » Energy | August 3, 2015, Monday // 10:09 | Viewed: 988

Bulgaria’s Prime Minister Pledges New Control Unit to Prevent Energy Fraud Schemes

Bulgaria’s Prime Minister has pledged a new special unit comprising prosecutors, officers of the State Agency for National Security (DANS), and experts that would oversee the energy sector.

Business » Energy | August 2, 2015, Sunday // 16:52 | Viewed: 1715

Employers’ Associations, Trade Unions to Renew Protests over New Power Prices in September

The four major employers’ associations in Bulgaria and the two trade unions have issued a list of demands triggered by the new power price hike, warning to renew and intensify protests in September unless the requirements are fulfilled.

Business » Energy | August 2, 2015, Sunday // 14:31 | Viewed: 1587

Bulgarian Energy Watchdog Head: Employers’ Associations Cater to Corporate Interests

Ivan Ivanov, Chair of Bulgaria’s Commission for Energy and Water Regulation (KEVR), has attributed calls for his resignation by employers’ associations to attempts to protect corporate interests.

Business » Energy | August 2, 2015, Sunday // 12:03 | Viewed: 1464

Piraeus 'in Talks' with NBG Group to Merge into Bulgaria's UBB

Greece-based Piraeus Bank is negotiating with the National Bank of Greece (NBG) group over a potential merger into United Bulgarian Bank, owned by NBG, media reports suggest.

Business » Finance | August 1, 2015, Saturday // 10:53 | Viewed: 4210

Bulgaria Turns to Budget Surplus of 1.1% of GDP at End-June

Bulgaria’s central government budget showed a surplus of BGN 890M equivalent to 1.

Business » Finance | July 31, 2015, Friday // 21:03 | Viewed: 2468

Bulgaria to Cut Power Prices for Households by 0.11% from 1 August

Bulgaria’s energy regulator announced on Friday that power prices for households will fall by 0.11% from 1 August.

Business » Energy | July 31, 2015, Friday // 17:41 | Viewed: 2825

Chair of Employers' Association: Power Price Hike Will Cause Protests to Intensify

Kiril Domuschiev, Chair of the Confederation of Employers and Industrialists in Bulgaria (CEIBG), has suggested that a decision of the energy watchdog to increase electricity prices will cause protests to continue into September and to intensify in scale.

Business | July 31, 2015, Friday // 13:03 | Viewed: 1432

Bulgaria Loses 1M Turkish Tourists a Year due to Cumbersome Visa Issuance Process

Bulgaria loses at least 1 million Turkish tourists a year due to problems with visas, according to Cemal Tekkanat, adviser for tourism at Turkey’s Tourism and Culture Ministry.

Business » Tourism | July 31, 2015, Friday // 10:04 | Viewed: 2607

Bulgaria's Energy Regulator to Announce New Electricity Prices

At a closed sitting on Friday afternoon, Bulgaria's Energy and Water Regulatory Commission (KEVR) will determine the new electricity prices, which are to enter into force on Saturday.

Business » Energy | July 31, 2015, Friday // 08:49 | Viewed: 2182

Bulgaria Parlt Report Blames NEK Deficits on Deals with AES, ContourGlobal, RES

Bulgaria’s long-term contracts for electricity purchases from two local coal-fired plants, owned by US-based AES Corporattion and ContourGlobal, and from renewable energy sources (RES) are at the core of the financial deficits at the National Electricity

Business » Energy | July 30, 2015, Thursday // 22:06 | Viewed: 1865

Bulgaria C-Bank to Unveil Supervision Boosting Measures by End-September

Bulgaria’s central bank BNB said on Thursday it will publicly unveil a plan for the strengthening of its banking supervision role by the end of September 2015.

Business » Finance | July 30, 2015, Thursday // 20:56 | Viewed: 1869

Bulgaria’s Presa Daily, Tema Weekly to Cease Publishing Aug 1  

Bulgaria’s Presa daily and Tema weekly will publish their last editions this week, 24 Chasa daily reported in Thursday.

Business | July 30, 2015, Thursday // 19:28 | Viewed: 1381

Lot 4 of Bulgaria’s Struma Motorway Opens for Traffic on July 31

The Struma motorway section between Sandanski and Kulata is to open for traffic after 6 p.

Business | July 30, 2015, Thursday // 17:51 | Viewed: 2595

Bulgarian Industrial Capital Association Chair: Electricity Prices Can Remain Unchanged

Vasl Velev, Chair of the Bulgarian Industrial Capital Association (BICA), has argued that electricity tariffs should remain unchanged in the next pricing period.

Business » Energy | July 30, 2015, Thursday // 15:03 | Viewed: 1932

Bulgaria's PM Lashes Out at Business Unions over Power Price Demands

Bulgarian Prime Minister Boyko Borisov has criticized employers' organizations over their demand that a hike of electricity prices for industrial consumers be postponed.

Business » Energy | July 30, 2015, Thursday // 14:56 | Viewed: 2153

HeidelbergCement Agrees to Acquire 45% Stake in Italcementi

Germany’s HeidelbergCement has agreed to purchase a 45% stake in Italy’s Italcementi SpA for EUR 1.67 B from Italmobiliare.

Business | July 30, 2015, Thursday // 13:15 | Viewed: 2136