Business

No-Frills German Airline Flies to Bulgaria's Seaside

German low-cost airline Germanwings announced the launch of new destinations in Bulgaria. The airline will service flights from Berlin and Cologne/Bonne to the Bulgarian seaside hotspots of Varna and Burgas.

Business | May 24, 2007, Thursday // 00:00 | Viewed: 4749

Serious British Property Investors "Steer Clear of Bulgaria"

Bulgaria, which was until recently touted as one of the most popular countries for UK property buyers, appears to have lost its appeal to the more serious property investors, according to new claims from an industry body. According to Arlette Adler from

Business | May 24, 2007, Thursday // 00:00 | Viewed: 2977

Russia Ratifies Burgas-Alexandroupolis Oil Pipeline

The lower house of the Russian parliament, the State Duma, ratified on Wednesday the agreement to build and operate the Burgas-Alexandroupolis pipeline, ITAR-TASS reported on Wednesday. Russia, Bulgaria and Greece signed the deal in Athens in March, with

Business | May 23, 2007, Wednesday // 00:00 | Viewed: 1818

Low-Cost Airlines Boost Property Prices in Bulgaria, Baltic States

Low-cost airlines are one of the best indicators to where property hotspots will be in the next few years, as the boom in Bulgaria and the Baltic states has shown, overseas real estate experts say, as cited by the Independent.

Business | May 23, 2007, Wednesday // 00:00 | Viewed: 2615

Bulgaria, Romania Gain Lead as Tourist Destinations among US Citizens

With the US dollar's devaluation on the go, Paris and London have lost their charm as tourist destinations for the US citizens and they get even more interested in Bulgaria and Romania, the Romanian newspaper Adevarul reported.

Business | May 23, 2007, Wednesday // 00:00 | Viewed: 2004

376 Reports on Fishy Bank Operations in Bulgaria in 2006 - Report

The Bulgarian Financial Intelligence Unit has received and processed 376 reports on suspicious financial operations for the total amount of EUR 199,327,646, its annual report for 2006 showed.

Business | May 22, 2007, Tuesday // 00:00 | Viewed: 1634

Greek PPC To Appeal Rescinded Privatisation Contract in Bulgaria

Greek Public Power Corporation (PPC), the state-owned electricity company, said it plans to appeal the decision to rescind its privatisation contract for Bulgarian power plant at Bobov Dol. PPC chairman and CEO Panagiotis Athanasopoulos met on Monday wit

Business | May 22, 2007, Tuesday // 00:00 | Viewed: 1534

Bulgarian Construction Boom Strongest in Burgas

The demand for new construction permits remains high despite a dip in the first quarter of the year, with Black Sea port of Burgas requesting the largest number of permits, statistics board NSI said on Tuesday. The total number of building permits issued

Business | May 22, 2007, Tuesday // 00:00 | Viewed: 1599

8 Bidders Vie to Build Danube Bridge Infrastructure in Bulgaria

Eight bidders submitted offers to build the road and railway infrastructure on the Bulgarian side of the second bridge over Danube linking the EU's two newest member states. Four companies made individual bids - Czech OHL ZS, Greek Terna, Spain's FCC Con

Business | May 21, 2007, Monday // 00:00 | Viewed: 1799

Bulgarian Banking System Assets Up by Net 5,5% in Q1

The assets of the Bulgarian banking system grew by a net 5,5% in the first quarter of the year to BGN 44,5 B, data from the country's central bank BNB showed on Monday. Inflation for the period was 2,3%, which makes for a real growth 3,2%.

Business | May 21, 2007, Monday // 00:00 | Viewed: 1917

Heavy Rainfalls Cause Leakage at Sofia Airport's Terminal 2

The roof of Sofia airport's Terminal 2 has leaked after the heavy rainfall in the past few days, the press centre of the Transport Ministry announced.

Business | May 21, 2007, Monday // 00:00 | Viewed: 2129

UniCredit, Capitalia Agree EUR 21,8 B Merger

Italy's biggest bank UniCredit said it agreed to buy domestic competitor Capitalia in a straight equity swap deal worth EUR 21,8 B. The deal takes Capitalia, the last possible acquisition target in Italy's banking sector, off the market and will create t

Business | May 21, 2007, Monday // 00:00 | Viewed: 1594

Chevron Rubbishes Claims It Dropped Interest in Bulgarian Pipeline

US oil major Chevron refuted on Friday the claims in Bulgarian media that it dropped any interest in buying into the Burgas-Alexandrupolis oil pipeline. "Chevron remains interested in participating in the Bourgas-Alexandropoulos pipeline," the company to

Business | May 18, 2007, Friday // 00:00 | Viewed: 1661

Bulgaria's Current Account Gap Up 37% in Q1

Bulgaria's current account deficit in the first three months of the year was EUR 1,5 B, or 5,6% of the projected gross domestic product for this year, according to the preliminary data of the country's central bank BNB, released on Friday. The figure sho

Business | May 18, 2007, Friday // 00:00 | Viewed: 1488

Greece's Eurobank To Merge Two Bulgarian Units in Q3

Greek banking group EFG Eurobank Ergasias will merge its two Bulgarian units in the third quarter of the year, a top executive said on Friday. Eurobank's two Bulgarian subsidiaries are Postbank, which it bought from the Bulgarian state, and DZI Bank, whi

Business | May 18, 2007, Friday // 00:00 | Viewed: 1945

Bulgarian Steel Mill to Sue Power Grid Operator

Bulgaria's largest steel mill Kremikovtzi announced it would appeal the decision of the state-owned power grid operator NETC to cut by half its supplies for overdue payments.

Business | May 17, 2007, Thursday // 00:00 | Viewed: 1707

Bulgaria's DSK Bank Assets Up in Q1, Profit Margins Slipping

Bulgaria's second biggest bank, former state savings bank DSK, reported on Thursday a 3,3% increase in assets during the first quarter of the year, to EUR 3,23 B, reported under international financial standards. DSK, which is now owned by Hungary's OTP

Business | May 17, 2007, Thursday // 00:00 | Viewed: 3261

Chevron Declines to Buy Bulgarian Pipeline Stake - Report

US oil major Chevron has no interest in acquiring Bulgaria's 24,5% in the Burgas-Alexandroupolis pipeline, according to a report in Bulgarian news portal Mediapool on Wednesday.

Business | May 16, 2007, Wednesday // 00:00 | Viewed: 1965

Bulgaria's M-Tel Reports 11,7% Rise in Revenue Q1

Bulgaria's top cellphone operator M-Tel, a subsidiary of Telekom Austria, reported on Wednesday a 11,7% increase in revenue for the first quarter of 2006, compared to the same period of last year. M-Tel raked in EUR 141,8 M in revenues in January-March,

Business | May 16, 2007, Wednesday // 00:00 | Viewed: 1670

Dell Opens Representative Office in Bulgaria

Dell Inc., one of the world's biggest computer manufacturers, opened a representative office in Bulgaria on Wednesday.

Business | May 16, 2007, Wednesday // 00:00 | Viewed: 4306

16 Dangerous Buildings to Be Demolished in Sofia

A total of 16 crumbling buildings in Sofia are to be demolished, because they pose a danger to passers-by, the Deputy Mayor Irina Savina announced Wednesday. The head of the capital's inspectorate Galen Ganchev said the buildings will be pulled down in a

Business | May 16, 2007, Wednesday // 00:00 | Viewed: 1582
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