Business

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 | 9 hours ago | Viewed: 658

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: 517

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: 460

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: 669

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: 498

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: 760

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: 920

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: 511

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: 471

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: 492

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: 748

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: 746

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: 515

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: 961

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: 1715

Bulgarian Employers, Trade Unions, Decry Lobby Groups in Energy Board

Representatives of Bulgarian employers’ associations and trade unions have complained of the presence of strong lobby groups in the Energy Board in a letter to caretaker Prime Minister Georgi Bliznashki and caretaker Deputy Prime Minister Ekaterina Zahari

Business » Energy | October 17, 2014, Friday // 21:15 | Viewed: 1207

First Investment Bank Buys Major Portion of Assets of Bulgaria’s Remotex-Radnevo

First Investment Bank (Fibank) has paid BGN 8,893 M at an auction to acquire the main part of the assets of bankrupt machine building company Remotex-Radnevo.

Business | October 17, 2014, Friday // 16:26 | Viewed: 1174

Bulgarian Miners Protest Against Planned Pension Age Increase

Hundreds of miners protested on Friday in the town of Madan, in southern Bulgaria, against government plans to increase pension age, BNR radio reported.

Business | October 17, 2014, Friday // 15:13 | Viewed: 1074

Russian Railways Suspends Train Services From Moscow to Sofia, Budapest

Russia's Federal Passenger Company suspends regular trains from Moscow to Bulgaria's Sofia and Budapest (Hungary) until further notice as of December 12 and in the opposite direction – on December 14.

Business | October 17, 2014, Friday // 14:18 | Viewed: 1921

Bulgaria's New Car Market Registers 9% Increase in 2014

In September, the EU market for new passenger cars expanded for the thirteenth consecutive month, totalling 1,235,501 units, the latest report released by the European Automobile Manufacturers Association.

Business » Industry | October 17, 2014, Friday // 12:27 | Viewed: 1135

Bulgaria's Tourism Sees Growth in Revenue, Number of Visits in 2014

Tourism continues to be a major sector in Bulgaria's economy, registering a growth in revenue and in the number of tourists, according to an analysis of the Institute of Marketing at the request of the Ministry of Economy and Energy.

Business » Tourism | October 16, 2014, Thursday // 19:58 | Viewed: 1753